Curb appeal refers to the attractiveness of a property, particularly residential homes, as seen from the street, and is a critical aspect in real estate marketing and valuation.
A good and marketable title refers to a title free from significant defects, claims, or liens, ensuring the property can be freely transferred without legal complications.
In real estate, 'homogeneous' refers to properties that are uniform in style, characteristics, and quality within a specific area. This uniformity often leads to maximized property values, as low-valued or unusual properties can negatively impact the value of nearby higher-cost properties.
Liquidity refers to the ease with which an asset can be quickly converted into cash without significantly affecting its market price. This concept is crucial in financial and real estate contexts, as it influences the ability to sell assets promptly and efficiently.
Marketability refers to the speed or ease with which a property can be sold at or near its market value. It encompasses the property’s expected appeal in the market.
A special-purpose property is a building with unique features and limited uses, making its marketability niche-driven. Examples include churches, theaters, schools, or public utilities.
Stigma in real estate refers to a negative perception or image of a property, even after any associated problems have been resolved. This can significantly affect the property's value and marketability.
