NY REAL ESTATE TRENDS  brought to you by 
Neglia Appraisals Inc.
P 718.331.2122   F 718.331.4311
Home
Data Search
New York City Average Sale Prices
Using the Data
Other Services
FAQ
Glossary
About Neglia Appraisals
Founder and CEO
Contact Us
Neglia.com
Articles
In The News
 
Justice Debra Silber cites diligence of Mr. Neglia in NY Law Journal - read details.
GLOSSARY
A | B | C | D | E | F | G | H | I | J | L | M | N | O | P | R | S | T |
Sales Comparison Approach
In appraising, the method of estimating value based on comparing other similar properties which have already sold to the property being appraised (subject property). This is the most common method of valuation of residential properties (and vacant land), when comparable sales data are available. (Previously referred to as the market approach.)
Second Mortgage
A mortgage which ranks after a first mortgage in priority.
SRA
Professional designation as a member of the Appraisal Institute, a national professional organization of real estate appraisers. This designation is held by appraisers who are experienced in the valuation of various residential properties, including residential income properties of up to and including four units.
A | B | C | D | E | F | G | H | I | J | L | M | N | O | P | R | S | T |
 
©2000, Neglia Appraisals Inc. All rights reserved.
Content Provided By: