An estate sale occurs when a property’s owner has passed away or is otherwise unable to manage the assets, prompting the sale of the home and its contents. For prospective homebuyers, this designation influences price, condition, and the legal process of acquiring the property.
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Vesting in real estate refers to how a property is legally owned and titled. It determines the rights of owners, how a property passes on death, and the procedures required for transfer.
In real estate, EMV stands for Estimated Market Value. It represents the approximate price at which a property would sell in an open and competitive market based on current data.
In New York City real estate, pre-war refers to residential buildings constructed before World War II. These structures are renowned for their architectural details, solid construction, and spacious layouts. They represent a significant portion of Manhattan housing stock and are highly valued by buyers.
Unplatted refers to land that has not been formally mapped and recorded in a plat. Such parcels rely on alternative legal descriptions and may face additional regulatory steps before development.
The phrase “owner will carry” is commonly used in real‑estate and automotive contexts to indicate that the seller is offering financing or a warranty. It signifies that the owner assumes the role of a lender or guarantor, allowing the buyer to make payments directly to the seller.
The phrase “No utilities included in rent” means that tenants are responsible for paying utility bills such as electricity, water, gas, and internet separately from their monthly rent. This arrangement affects budgeting and financial planning for renters.
When a property is turned off on Airbnb, it means the listing is temporarily unavailable for booking. This status can result from host settings, calendar blocks, or platform enforcement actions.
The term $9.00/Sf/Yr refers to a commercial real estate leasing rate of nine dollars per square foot per year. It is used to calculate total annual rent obligations based on the size of the leased property.