Search results
In the world of vacant land, many different terms are used to distinguish one type of property from another. Even local government legislation and definitions can play a huge role in setting one type of land apart from another.
Appraisal by Cost Approach - Adding together all parts of a property separately appraised to form a whole: e.g., value of the land considered as vacant added to the cost of reproduction of the building, less depreciation.
- 225KB
- 26
Black’s Guide’s Glossary of Real Estate Terms provides a complete reference dictionary of terms and phrases used in the commercial real estate industry. These definitions have been endorsed by numerous industry organizations as the Market Standard for their respective regions.
Nov 13, 2023 · Whether you’re a veteran agent or a rookie hoping to sound authoritative during your first transaction, you need to be able to succinctly explain common real estate terms and definitions to your clients.
May 22, 2024 · Vacant land is a type of real estate with no structures of significant value. It's also referred to as unimproved, undeveloped, or raw land. It has the potential to be a versatile, hands-off asset and often appreciates in value. Some vacant lots are buildable while others aren't depending on the topography and land use and zoning laws.
an area of land that is not built on, usually in a town or city, sometimes one that is available to buy or rent: The group plans to build 400 houses on vacant lots on the outskirts of the city. (Definition of vacant lot from the Cambridge Business English Dictionary © Cambridge University Press) Examples of vacant lot. vacant lot.
an area of land that is not built on, usually in a town or city, sometimes one that is available to buy or rent: The group plans to build 400 houses on vacant lots on the outskirts of the city. (Definition of vacant lot from the Cambridge Business English Dictionary © Cambridge University Press) Examples of vacant lot. vacant lot.
