Wood Ranch Homes

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The world of real estate can be a bit jarring to new homeowners. Not because of the overwhelming process of searching, finding, bidding, and closing on a house but because of the foreign terminology.

Real estate vocabulary isn’t usually taught in school, so one of the missions of this page is to make the learning curve a bit easier with some vocabulary lessons. 👍

With that being said, let’s cover the term assessed value!

is the dollar value assigned to a piece of property for property tax purposes, according to Investopedia. There are many pieces that go into calculating this price, including the value of comparable properties in the area.

Did this help? Share other terms you want to be covered in the comments!

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When you see a home you love, just send me an inquiry direct. I can set up showings & off we go!

⭐️ Visit www.lydiadement.com for more information on me and buying or selling real estate 🏡 📲 (805) 990-8721