Real Estate Glossary: E
June 20, 2007 by Montreal Real Estate Blog
Filed under Real Estate Glossary
Easement
Restriction of the right of ownership for reasons of private interest, general interest or public use. Right of access or use of land by others, for a defined purpose (passage, parking, public utilities, etc.).
Equity
The difference between the price for which a home could be sold and the total debts registered against it. Equity usually increases as the mortgage is reduced through regular payments. Market values and improvements to the property may also affect equity.
Evaluation
Process which consists in estimating the market value of an immovable based on the general condition of its components and its specific features. The evaluation is often the result of a comparison with similar immovables up for sale or having recently been sold in the same area.
Hey! Well done!. Thanks for opening such a blog with all these real state information. It’s a little bit similar than the US and sure I can take good tips from here.
Right On!
I meant “Real Estate” in my previous comment.
hello i think this is great to you
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I noticed your on the Canadian RE Alliance on the TOREAL blog as he just added me. I added you to my site, could you please link me back as “Sarnia Real Estate” Thanks!
Great Blog!
http://MtlRealEstate.info
In civil law, an easement is a positive right to use the strip of land (though it’s known as a servitude then).
Great idea having a Real Estate glossary. We take those words for granted at times not realizing most buyers/sellers (especially first time buyers) might be unaware of their meanings.
Keep up the good work!
Steve