Any parcel of land which has been changed from its natural state through the
creation of roads, buildings or other structures.
IMPROVEMENTS
Any item added to vacant land with the intent of increasing its value or usability.
IMPROVEMENT RATIO
The comparative value of a improved piece of land to its natural, unaltered state.
INCOME APPROACH
The process of estimating the value of property by considering the present value
of a stream of income generated by the property.
INCOME PROPERTY
A piece of property whose highest and best use is the generation of income
through rents or other sources.
INDEPENDENT APPRAISAL
An estimation of value created by a professional, certified appraiser with no vested
interest in the value of the property.
INSPECTION
The examination of a piece of property, its buildings or other amenities.
INSURABLE TITLE
The title to property which has been sufficiently reviewed by a title insurance
company, such that they are willing to insure it as free and clear.
INTEREST RATE
A percentage of a loan or mortgage value that is paid to the lender as
compensation for loaning funds.
INVESTMENT PROPERTY
Any piece of property that is expected to generate a financial return. This may
come as the result of periodic rents or through appreciation of the property value
over time.
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Each Office Independently Owned and Operated
Information presented on this website is believed reliable but is not guaranteed
Copyright © 2004-2006 All Rights Reserved
CENTURY 21 Lindsey & Pauley
1745 Hwy 53 West · Jasper, Georgia 30143
Office: 706-692-3533 · Fax: 706-692-2366
info@lindseyandpauley.com
2004 CENTURY 21 Real Estate Corporation © and sm trademark and servicemark of
CENTURY 21 Real Estate Corporation. Equal housing opportunity.
