Word of the day
An analysis of a proposed subject or property with emphasis on the attainable income, probable expenses, and most advantageous use and design. A feasibility study is often used by a developer to entice investors to put up the front money for a proposed development. Such a study is required by some mortgage investors and lending institutions before granting a loan commitment. In addition to being a decision-making tool for the developer and lender, it is also a valuable sales tool. However, it is different from a marketability study, which is more concerned with demand for the contemplated use. (See absorption rate, front money.) The purpose of a feasibility study is to estimate the rate of return obtainable for a specific project and to determine whether the proposed project is economically feasible.
A survey of an urban area using federal funds to determine whether it is practicable to under-take an urban renewal project within that area.
Industry, Residential Real Estate, Education
Library of Real Estate Clauses
December 16, 2018
Brokerage, Technology, Consumer News, Residential Real Estate, Education, Misc
Short Sales and Tips for Newly Licensed Real Estate Agents
December 5, 2018
Brokerage, Consumer News, Residential Real Estate, Misc
Unilateral Contract VS Bilateral Contract
November 23, 2018