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Flashcards in Appraisal - Market Analysis Deck (32):
1

Linkage

time and distance between a particular use and vital services (e.g. employment, shopping, etc)

2

Real Estate Finance - PITI

P - Principal
I - Interest
T - Taxes
I - Insurance

3

Type of Analysis - # of Household

marriages resulting in a new household

4

Type of Analysis - Dissagregation

Supply

5

Market Segmentation

Breaking down a market into submarkets

6

Absorption Analysis

the # of units:
can be sold now
will be needed in the future (based on current & anticipated future conditions)

7

Forecasting

anticipated supply & demand
used to determine the projected absorption rate (competitive analysis and demographic analysis)

8

Existing Space Inventory

primary used for non-residential units

9

Analysis - Competitive supply analysis

general market data
existing and planned construction

10

Debt

Mortgage

11

Equity

Savings, insurance policies, pension funds

12

Mortgage Banker

Originates mortgages
Sometimes using their own funds
Other times selling the loans to investors

13

Discount Point

Mortgage Buydown

14

Specific Data

legal description
tax info
physical characteristic

15

General Data

economic influences

16

Mortgagee

Lender

17

Mortgagor

Borrower

18

Mortgage broker

Originates mortgages
would not use his own funds

19

Purchase Money Mortgage

seller financing
mortgagee = seller

20

Blanket Mortgage

Secured by more than 1 property or land parcel

21

Bridge Mortgage

Temporary type of loan often used for construction

22

Wraparound Mortgage

existing loan + lender gives the buyer another loan

23

Jumbo Loan

Larger than typical loan amount

24

Marketability Study

Linked to a particular and specific property
The analysis of a specific property
Present & future demand of a specific property

25

Conventional Mortgage Loan

Loan is not insured by the government (e.g. FHA or VA)

26

Market Analysis

General information in a market area
Condition for a specific property type

27

Demand Analysis

new household formation

28

Supply Analysis

Competitive properties
Existing vacancies in existing properties
Comparable and ready substitute

29

Type of Analysis-economic base

the number of services company (present business and employment climate)

30

Exposure Time

BEFORE the effective date

31

Marketing Time

AFTER the effective date

32

Economic Base

Forecasting future economic of an area
Focusing on employment rate