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The market value would be $225,000 ($250,000 site value minus $25,000 demolition cost). However, if the demolition costs rose to $55,000, the highest and best use would be the existing residential use, because the value as a commercial lot (now $195,000) would not exceed the existing value as a residence.
A short sale can help you get out of an underwater situation, but you won’t profit from the sale, and it’ll impact your credit score for some time. This can make it harder to obtain credit in ...
A Allocation of costs is the transfer of costs from one cost item to one or more other cost items. Allowance - a value in an estimate to cover the cost of known but not yet fully defined work. As-sold estimate - the estimate which matches the agreed items and price for the project scope. B Basis of estimate (BOE) - a document which describes the scope basis, pricing basis, methods ...
The most common definition used by real estate appraisers is as follows [2] The most probable price that a specified interest in real property is likely to bring under all of the following conditions: Consummation of a sale will occur within a severely limited future marketing period specified by the client.
Key takeaways. Selling your home through a short sale can help you avoid foreclosure, but it might make it difficult to get another mortgage. Short sales can damage your credit, and they can stay ...
Demolition of the building in Krakow at 21 Mazowiecka Street. In real estate, a teardown or knockdown - also derisively called "bash and build" - is a term for demolishing a building immediately after purchasing it, freeing up the land for a new, typically larger building. The term first entered the real estate lexicon in the 1990s.
Capital expenditures are the funds used to acquire or upgrade a company's fixed assets, such as expenditures towards property, plant, or equipment (PP&E). [3] In the case when a capital expenditure constitutes a major financial decision for a company, the expenditure must be formalized at an annual shareholders meeting or a special meeting of the Board of Directors.
Calculate losses on Schedule D on Form 1040: For example, if you have $500 of short-term losses and $100 of short-term gains, your total short-term loss is $400.