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Real Estate Glossary

What does Effective Age mean?

Effective age is a measure of the functional age of a property, as opposed to its actual age. Effective age takes into account the condition and quality of the property's systems and features, as well as any renovations or updates that have been made. Effective age may be used to determine the value of a property or to compare it to similar properties, and it may be an important factor in a buyer's decision-making process. Effective age may be determined through an inspection or appraisal, and it may be different from the actual age of the property.

Acknowledgment

Adjustable-rate mortgage

Asking Price

Conventional Loan

Convertible Adjustable-Rate Mortgage

Conveyance

Conveyance Tax

Cost-Plus Contract

Creditor

Federal Style

Fully Amortized Adjustable-Rate Mortgage ARM

Income Property

Infrastructure

Insurable Title

Mixed-Use Development

Negative-Slope Driveway

Property Line

Semi-Custom Home

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Beycome Family of Companies: Beycome Mortgage LLC provides home loans; Beycome Brokerage Realty LLC, Beycome Brokerage Realty Inc., and Beycome of Florida LLC provide real estate services; Beycome Title of Florida LLC provides title insurance services. These are separate entities under Beycome Corp., each governed by its own management as required by law, but all owned by the same individuals, forming a business relationship.
Beycome Corp. holds real estate brokerage licenses in Multiple States: Beycome of Florida LLC is licensed in FL. Beycome Brokerage Realty Inc is licensed in CA. Beycome of Connecticut in CT. Beycome Brokerage Realty LLC is licensed in AL, GA, IL, IN, MI, MN, NC, OH, SC, TN and TX.
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IDX© information is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate.

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Artur

Real Estate Assistant