Monthly Archives: May 2019

Real Estate Term of the Week

Estate Sale: 1. An estate sale can be the selling of a home owned by someone who has passed away or moved into an assisted-living facility. The person who inherits the home gets the...

Real Estate Term of the Week

Latent Defect: Hidden defect in material and/or workmanship of an item which may cause failure or malfunction, but is not discoverable through general inspection. Also called hidden defect

Real Estate Term of the Week

Radon mitigation: is any process used to reduce radon gas concentrations in the breathing zones of occupied homes and buildings, or radon from water supplies. Radon is a significant contributor to environmental radioactivity. Mitigation...

Real Estate Term of the Week

Effective Age: The number of years of age that is indicated from the condition of a structure’s improvement rather than from its actual chronological age, as determined by an appraiser. The actual age of...