Glossary

Glossary

ABSORPTION RATE   
The ratio of the number of properties in an area that have been sold against the number available. Used to show the volatility of a market.

ABSTRACTION METHOD   
This method of estimating the value of property uses similar properties available in the same market to extract the value of a parcel of land.

ACCELERATION CLAUSE   
A provision in a mortgage that gives the lender the right to demand immediate payment of the outstanding loan balance under certain circumstances. Usually when the borrower defaults on the loan.

ACCESSORY BUILDING   
A building separate from the main structure on a property. Often used for a specific purpose, such as a workshop, storage shed or garage.

ACCRETION   
The natural growth of a piece of land resulting from forces of nature

Contact Information

Photo of Nancy C. Dubendorfer, Associate Broker Real Estate
Nancy C. Dubendorfer, Associate Broker
RealtyUSA.com
71 Denison Pkwy., West
Corning NY 14830
Cell: 607-769-0488
607.936.4663 x131
Fax: F. 607.936.0412