Appraisal - Influences On Real Estate Value Flashcards Preview

Appraisal > Appraisal - Influences On Real Estate Value > Flashcards

Flashcards in Appraisal - Influences On Real Estate Value Deck (14):
1

Real Estate Value (Vital Characteristic)

D:Demand (lots of offer)
U-Utility (adequate site area)
S-Scarcity(undersupply of real estate)
T-Transferability (e.g. deed restriction)

2

Radon

Naturally- occurring dangerous gas 氡
Internal environmental condition

3

Real Estate Value (Forces)

P - Physical (e.g. environmental: toxic waste, climate, water, topography,*MOLD)
G- Governmental
E- Economic (traffic)
S- Social (Demographic)

4

Neighborhood Life Cycle

Growth
Revitalization - demand increase for primary residencies 復甦
Stability
Decline

5

Gentrification

Form of Revitalization
Rapid revitalization accompanied by displacement of current residents.
下层住宅高档化

6

Balance

State of Supply and Demand

7

Stigmatism

a perception due to something in the past 污名

8

Nuisance

麻煩事Could affect the value of the property if it continues
Something temporary and not having long-term impact (opposite to external obsolescence - incurable)

9

Revitalization

復甦

10

Demand and Supply

Element of broad economic forces
More property available than buyer the price will fall

11

Value characteristic (DUST)
Transferbility

A property will have greater perceived value with fewer restrictions

12

Effective Purchase Power

Building a million $ house in a poverty neighborhood

13

Value Characteristic (DUST)
Utility

Demand

14

Growth

when property values tend to rise as development activity begins and continues