A bridging loan is a short-term loan used to bridge the gap between the purchase of one asset and the sale of another, commonly used in the property and housing market.
Gazumping refers to the situation where a seller reneges on an agreement to sell a property because of a higher offer from another buyer. This phenomenon typically occurs due to delays between an initial agreement and the signing of a legally binding contract, and is more common when property prices are rising.
Gazundering occurs when a property buyer reneges on an agreed price and offers a lower amount, exploiting market conditions where prices are falling and properties are hard to sell.
NAR (National Association of REALTORS®) is the largest trade association in the United States, committed to representing professionals in the real estate industry.
An extensive overview of the property market, including its historical context, categories, key events, models, importance, applicability, and related terms.
A comprehensive examination of the Real Estate Index, its types, historical context, key events, importance, and applications in market analysis.
Comprehensive Guide on the Processes and Techniques Used to Estimate the Market Value of Real Properties.
