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Taking

 

Is the acquisition of a portion or a property or the property in its entirety.  Generally takings or acquistions are prompted by an Eminent Domain action.


Tax Assessment

 

In Las Vegas, tax assessment are 35% of the "taxable value" as determined by the Clark County Assessor.  The "taxable value" is supposed to be close to the market value, however it often it not.


Title / Title Insurance

 

When an individual or an entity gains an ownership interest in real property conveyed via a valid deed they usually have acquired "title."  The interest acquired may be limited, restricted, encumbered or partial in nature.  


Term of Sale

 

The terms of sale include the purchase price, downpayment amount / earnest money deposit, interest rate, length of payment or a discussion of how the balance of the transaction will be paid.  Provisions of a sales agreement, some of which may stay in force beyond closing, are also considered to be terms of sale.


 

 



Copyright 2007 Horizon Village Realty & Appraisal

Commercial Real Estate Appraisals in the Las Vegas & Henderson, Nevada Area.