Method of estimating the value of property uses similar properties available in the same market to extract the value of a parcel of land.

Area measurement (square measure) used primarily in the United States. One (1) acre is equal to 43,560 square feet, 4,046.86 square meters, or 0.4047 hectares.

One (1) acre equals 43,560 square feet. One (1) acre equals ten (10) square chains. One (1) acre equals 160 square rods, poles, or perches. One (1) acre equals 4,840 square yards. One (1) acre equals 4,046.856 square meters. One (1) acre equals 0.4047 hectares. One (1) acre equals 0.0016 square miles or sections. One (1) acre equals 0.004 square kilometers. One (1) acre equals 0.0000434 townships. One (1) acre equals 1.183676 arpents. One (1) acre equals 4.0 roods.

The amount of time that has passed since a building or other structure was built.

The value of an asset (property or otherwise) that includes the original price plus the value of any improvement, and less any applicable depreciation.

An estimate of a property's sales price, after adjustments have been made to account for differences between it and another comparable property.

he additional value a property enjoys based on subjective criteria such as look or appeal.

Features, both tangible and intangible, which enhance and add to the desirability of real estate

Water rising to the surface under internal hydrostatic pressure.

A specific levy for a definite purpose, such as adding curbs or sewers in a neighborhood. Individual condominium owners are subject to special assessments benefiting the project as a whole and not funded through regular maintenance charges.

The comparative relationship of a property's assessed value to its market value.

Any item of value which a person owns.

Any number of houses or other dwellings which are physically attached to one another, but are occupied by a number of different people. The individual houses may or may not be owned by separate people as well.

An evaluation of the status or validity of a title to real property by an attorney qualified to examine such titles.
See also "Certificate of title", "Chain of title", and "Abstract of title".

A commercial or residential building with an unfinished interior and lacking heating, ventilating, and air conditioning (HVAC), and usually without lighting, plumbing, ceilings, or walls. A base shell is ready for warm shell or vanilla shell improvements (VSI), which are usually completed once the lease agreement has been signed.
Synonymous with grey shell or cold shell.

A Broker's Price Opinion, or BPO, is a real estate valuation performed by a local, licensed real estate professional. It is used in situations where a formal appraisal is not required. It usually is based on such information as an exterior examination, estimates of necessary repairs, tax records, recent comparable home or business sales, property sale history, and current comparable listings.

All property other than real property. Chattels are distinct from real property in that they are moveable (not attached or affixed). Exceptions are made for trade fixtures or furniture, fixtures, and equipment (FFE), which can be attached, but are still considered chattels. Also known as personalty or personal property, chattels can be tangible (things or objects owned) or intangible (rights and relationships that are included in ownership). Tangible chattels include all objects that one owns, such as vehicles, clothing, houseplants, small appliances, etc. Examples of intangible chattels include patents, copyrights, royalties, and community property relationships. Transfer of chattels is done through a bill of sale, a will, intestate succession, or by court order (judgment).

A state or condition of real estate title characterized by the existence of a defect or encumbrance which adversely affects the title and causes it to be unmarketable.

A commercial or residential building with an unfinished interior and lacking heating, ventilating, and air conditioning (HVAC), and usually without lighting, plumbing, ceilings, or walls. A cold shell is ready for warm shell or vanilla shell improvements (VSI), which are usually completed once the lease agreement has been signed.
Synonymous with grey shell or base shell.

1. Usefuleness or desirability as a business, commodity, or investment. 2. A quality or characteristic of an investment, property, goods, or services such that it can be sold or traded at a profit.

1. An easement designed to preserve and protect open space or important natural areas.
2. A legal agreement between a landowner and either a land trust or government entity that restricts land use and development on a parcel of real property so as to preserve and protect its conservation and natural resource values.

A written instrument by which a property owner (grantor) transfers to a grantee ownership of and title to real property.

Deriving little or no value from on-site facilities or amenities.

Diameter of a tree bole measured at a height of 4.5 feet. Usually recorded in inches (in) or centimeters (cm).

For area measurements, square units refers to total area, while units square refers to the number of units on each side (the length of each side of a square). For example, consider two square pieces of land: one is 7 square miles, and the other is 7 miles square. The total area of the first parcel is 7 square miles. Since the parcel is a square, the length of each side is equal to the square root of 7 square miles, which is approximately 2.65 miles. In contrast, the length of each side of the second parcel is 7 miles, according to the definition above. The total area is therefore 7 miles x 7 miles = 49 square miles.