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Appraisal > Appraisal - Market Analysis > Flashcards

Appraisal - Market Analysis Flashcards

1
Q

Linkage

A

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

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2
Q

Real Estate Finance - PITI

A

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

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3
Q

Type of Analysis - # of Household

A

marriages resulting in a new household

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4
Q

Type of Analysis - Dissagregation

A

Supply

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5
Q

Market Segmentation

A

Breaking down a market into submarkets

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6
Q

Absorption Analysis

A

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

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7
Q

Forecasting

A

anticipated supply & demand

used to determine the projected absorption rate (competitive analysis and demographic analysis)

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8
Q

Existing Space Inventory

A

primary used for non-residential units

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9
Q

Analysis - Competitive supply analysis

A

general market data

existing and planned construction

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10
Q

Debt

A

Mortgage

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11
Q

Equity

A

Savings, insurance policies, pension funds

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12
Q

Mortgage Banker

A

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

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13
Q

Discount Point

A

Mortgage Buydown

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14
Q

Specific Data

A

legal description
tax info
physical characteristic

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15
Q

General Data

A

economic influences

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16
Q

Mortgagee

A

Lender

17
Q

Mortgagor

A

Borrower

18
Q

Mortgage broker

A

Originates mortgages

would not use his own funds

19
Q

Purchase Money Mortgage

A

seller financing

mortgagee = seller

20
Q

Blanket Mortgage

A

Secured by more than 1 property or land parcel

21
Q

Bridge Mortgage

A

Temporary type of loan often used for construction

22
Q

Wraparound Mortgage

A

existing loan + lender gives the buyer another loan

23
Q

Jumbo Loan

A

Larger than typical loan amount

24
Q

Marketability Study

A

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

25
Q

Conventional Mortgage Loan

A

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

26
Q

Market Analysis

A

General information in a market area

Condition for a specific property type

27
Q

Demand Analysis

A

new household formation

28
Q

Supply Analysis

A

Competitive properties
Existing vacancies in existing properties
Comparable and ready substitute

29
Q

Type of Analysis-economic base

A

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

30
Q

Exposure Time

A

BEFORE the effective date

31
Q

Marketing Time

A

AFTER the effective date

32
Q

Economic Base

A

Forecasting future economic of an area

Focusing on employment rate

Appraisal (17 decks)

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