Search results
Results from the WOW.Com Content Network
Order opening: The closing is ordered by the lender or real estate agent, and the settlement agency contacts all transaction parties to let them know they are handling the closing. A title search is ordered, and a title commitment and closing protection letter (CPL) are issued and sent to the lender. In some cases, closing in escrow may occur ...
Closing is a sales term which refers to the process of making a sale. The sales sense springs from real estate, where closing is the final step of a transaction. In sales, it is used more generally to mean achievement of the desired outcome, which may be an exchange of money or acquiring a signature .
International Property Measurement Standard (IPMS) is a standardised and globally applicable method for measuring property. It aims to address current inconsistencies in the way property of all types is measured from one market to the next, improving property market data and providing greater transparency.
The Public Land Survey System (PLSS) is the surveying method developed and used in the United States to plat, or divide, real property for sale and settling. Also known as the Rectangular Survey System, it was created by the Land Ordinance of 1785 to survey land ceded to the United States by the Treaty of Paris in 1783, following the end of the ...
The sales comparison approach (SCA) is a real estate appraisal valuation method that relies on the assumption that a matrix of attributes or significant features of a property drive its value. For examples, in the case of a single family residence, such attributes might be floor area, views, location, number of bathrooms, lot size, age of the ...
The closing of the sale ends the escrow period and completes the transfer of ownership to the buyer. At this time, and all monies change hands and a number of closing costs are paid by the buyer or seller. If a real estate broker is used in the transaction, closing is the time that payment is made to the brokers involved.
Crosby, N. (2007) "German Open Ended Funds: Was there a Valuation Problem?" (PDF). (98.9 KiB) Working Papers in Real Estate & Planning, University of Reading. Contains a critique of the German income approach. Schulz, R. (2002) Schulz, Rainer (2005). Real Estate Valuation According to Standardized Methods: An Empirical Analysis (PDF). Humboldt ...
Diagram of an open traverse. Open traverse: neither returns to its starting station, nor closes on any other known station. Diagram of a closed traverse; Compound traverse: it is where an open traverse is linked at its ends to an existing traverse to form a closed traverse. The closing line may be defined by coordinates at the end points which ...