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Real Estate Glossary

What does Estimated Increase In Equity mean?

Equity is the difference between the market value of a property and the amount still owing on the mortgage. As a property increases in value over time, the equity in the property also increases. The estimated increase in equity is an estimate of how much the equity in a property is expected to increase over a certain period of time. This estimate can be based on factors such as historical data on the appreciation of similar properties in the area, or the buyer's own plans for improving the property.

Acre

Appraisal

Appraisal Fee

Blue-Ribbon Condition

Braced Framing

Cashier's Check

Credit Report

Jumbo Mortgage

Listing agent

Metes and Bounds

Mortgage

Options (In a Lease)

Potential Rental Income

Principal

Unsecured Loan

Victorian Style

REALTOR

Zero-Lot Lines

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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