Functional Obsolescence

In real estate, Functional Obsolescence refers to a loss in value caused by outdated design, features, or equipment that no longer meet current market standards or buyer expectations. This can occur even if the property is physically sound, due to advances in...

Seller Disclosure

Seller disclosure forms are written statements in which a property seller reveals known information about the condition of the property before the sale is completed. These forms are intended to give prospective buyers a clearer understanding of the property’s...

Front Foot Cost

In real estate valuation, Front Foot Cost is a method of determining property value based on a price per linear foot of frontage along a street or roadway. The total value is calculated by multiplying the agreed upon value per front foot by the property’s total...

Front Footage

In real estate, Front Footage refers to the linear measurement of a property along the portion that fronts a street or major roadway. It is typically measured in feet and describes the width of the parcel at the street line. Front footage is commonly used in land...

Frontage

In real estate, Frontage refers to the portion of a parcel of land or an improvement that directly faces a street or roadway. It is often measured in linear feet and describes the width of the property along the street line. Frontage is an important factor in property...