David Saks: February 2013

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Real Estate Practice : Lesson 2034

                                                           #2034

When we talk about equity we're considering the fact that the neighbors yard is equal to the size of our yard.

True or false ?

wildlife

A. False

When the subject of equity is discussed when considering the matter of real estate or real estate financing equity refers to the difference between the amount of money that the property owner owes on the property  and the current market value of the property.

In simple mathematical terms :

Property Market Value - Property Debt = Equity




David Saks



Time&Temp Memphis

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Comment balloon 0 commentsDavid Saks • February 04 2013 12:04AM
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