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What you need to know? Some are confused with these terms and today let's look into the real meaning of these words. 1. Market Value 2. Forced Sale Value 3. Reserve Price 1. Market Value is the estimated amount for which a property should exchange on the date of valuation between a willing buyer [...]
Acceptance Letter A letter from the applicant indicating his willingness to accept the loan after the loan is approved by the banking institution. Application Form A form used to apply for loan. Appraisal/valuation report A written analysis of the estimated value of real estate prepared by a licensed Valuer/Appraiser. Base Lending Rate (BLR) A minimum [...]
