Accelerated depreciation
A bookkeeping method that depreciates property faster in the early years of ownership.
Acceptance
The seller's written approval of a buyer's offer.
Acre
A measurement of land equal to 43,560 square feet.
Actual age
The number of years a structure has been standing.
Agent
A person licensed by the state to conduct real estate transactions.
Agreement of sale
A document the buyer initiates and the seller approves that details the price and terms of the transaction.
Appraisal
An opinion of the value of a property at a given point in time.
Appraised value
An opinion of the current market value of a property.
Appreciation
An increase in the value of a home or other property.
As-is condition
The purchase or sale of a property in its existing condition.
Asbestos
A fire-resistant mineral used for insulation and home products that has been found to pose a health hazard.
Asking price
A seller's initial price for a property.
Assessed value
A tax assessor's determination of the value of a home in order to calculate a tax base.
Average price
The price of a home determined by totaling the sales prices of all houses sold in an area and dividing that number by the number of homes.
A bookkeeping method that depreciates property faster in the early years of ownership.
Acceptance
The seller's written approval of a buyer's offer.
Acre
A measurement of land equal to 43,560 square feet.
Actual age
The number of years a structure has been standing.
Agent
A person licensed by the state to conduct real estate transactions.
Agreement of sale
A document the buyer initiates and the seller approves that details the price and terms of the transaction.
Appraisal
An opinion of the value of a property at a given point in time.
Appraised value
An opinion of the current market value of a property.
Appreciation
An increase in the value of a home or other property.
As-is condition
The purchase or sale of a property in its existing condition.
Asbestos
A fire-resistant mineral used for insulation and home products that has been found to pose a health hazard.
Asking price
A seller's initial price for a property.
Assessed value
A tax assessor's determination of the value of a home in order to calculate a tax base.
Average price
The price of a home determined by totaling the sales prices of all houses sold in an area and dividing that number by the number of homes.
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