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What does it mean when a house is labeled pending Feasibility?
Pending feasibility. This is a semi educated guess. The house is a pending sale with a contract that has multiple contingencies that may cause the sale to fall through feasibility: there is a study done to see if the property around the location is build able and dividable.To put it simply, it means that someone has put in an offer on the property, but they want to have a study done to make sure they can do what they would like to do with it before they actually purchase it.Our MLS has many "Pending" statuses and "Pending feasibility" is usually used for a vacant property while "Pending Inspection" is primarily used for residnetial properties with improvements such as a house.
What do you mean by feasibility?
Feasibility means easily, or likely it is that something will be able to be done. Business often due feasibility studies on products or services.
What does under contract mean in real estate?
In real estate, the phrase "Under Contract" means that a buyer and a seller are in the process of completing the sale. Usually the buyer has put down some portion of the purchase price (varies by state, property type, seller comfort, etc.) into an escrow account as "good faith" that they will be able to get financing and close the deal. Generally, the seller cannot accept any new offers while the property is under contract.
What does NOI mean in real estate?
by the space
What does feasibility mean?
(adj.) - capable of being done; possible; likely; probableAnsweryou can pay for it Feasible means that it is able to be done....here is a dictionary definition1 : capable of being done or carried out 2 : capable of being used or dealt with successfully : suitable 3 : reasonable, likely
What is the difference between project document and project feasibility report?
I believe you mean the Project Initiation Document (not just Project Document). The feasibility study occurs before initiating the project. The project initiation document assumes that the project is approved, is feasible (on all levels), and aligns with the company strategy (as explained by the feasibility study).
What does it mean when a house is labeled pending Feasibility?
Pending feasibility. This is a semi educated guess. The house is a pending sale with a contract that has multiple contingencies that may cause the sale to fall through feasibility: there is a study done to see if the property around the location is build able and dividable.To put it simply, it means that someone has put in an offer on the property, but they want to have a study done to make sure they can do what they would like to do with it before they actually purchase it.Our MLS has many "Pending" statuses and "Pending feasibility" is usually used for a vacant property while "Pending Inspection" is primarily used for residnetial properties with improvements such as a house.
What do you mean by feasibility?
Feasibility means easily, or likely it is that something will be able to be done. Business often due feasibility studies on products or services.
What does contract pending mean realestate?
In real estate, "contract pending" means that an offer to purchase has been made and tentatively accepted. The contract is in the process of being finalized and signed by both parties.
What does an active release clause mean when buying real estate?
An active release clause is a part of the contract between the Buyer and Seller allowing for the termination of the contract based on the specific terms detailed as part of the contract.
What does tecnical feasibility mean?
It is a way to verify is something is doable technically. Usually you build a working prototype to verify feasibility.
Must a parent with lifetime rights sign sale contract?
You mean a contract to sell a property in which the parent has a life estate? No. If the children want to sell their future interest in the property, it is separate from the rights of the parent with a life estate. Similarly, the children do not need to be asked if the the parent wants to sell (or mortgage) his or her life estate to someone else. On the other hand, if the buyers want clear title, with no life estate, then you have a different problem: terminating the life estate, by merging it with the future estate, and what's in it for you?
What does the real estate standard contract default rate mean?
The real estate default rate is the rate of borrowers that fail to remain current on their loans. When a homeowner is in default, their house may be in danger of being foreclosed on.
What does the term private water well mean in a real estate contract?
it means that somebody is having a little privacy next to a well filled water
What is the mean of feasibility?
tax laws should be capable of convenient, just and effective administration.
What does no escape mean in a real estate deal?
"No escape" is related to the contract. An escape clause is clause, condition or other provision in a contract that allows you to back out of the transaction if you find something about the property, the financing or some other factor that makes the deal undesirable. You may have to pay a fee or lose your deposit.No escape means that you cannot back out of the transaction once you have signed the contract. You need to be absolutely certain that you will go through with the real estate purchase no matter what if you enter into a contract with a no escape clause.
What does date of acceptance mean on a real estate contract?
The date when the signed contract has been delivered to the agent or the seller/buyer. This may now include e-mail as well as faxed copies. This date usually starts the clock on deadlines in the contract, which are often expressed as "within 14 days of acceptance...." etc.
