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Real Estate Glossary

What does Principle of Progression mean?

Principle of Progression - The principle of progression is a principle in real estate that states that properties located in areas that are improving and developing will increase in value. This principle is based on the idea that as an area develops and improves, the demand for properties in that area will increase, leading to an increase in property values.

Agent

Assessment Rolls

Assumption

Assumption Fee

Before-Tax Income

Building Moratorium

Commingling

Commitment Fee

Contract of Sale

Curb Appeal

Freddie Mac

Lease Buyout

Master-Planned Community

Modified Gross

Net Operating Income (NOI)

Payment Cap

PMI

Trading Down

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Artur

Real Estate Assistant