Describes the overall quality of the improvement. F= fair; A = average; G = good.
An open market, arm's length transaction that fairly reflects the real estate market at any point in time. In contrast, any transfer which puts a parcel into trust, is among family members, results from foreclosure or other distress, does not properly reflect market value and is therefore not a qualified sale. Details of this definition are included in industry standards and Arizona case law.
Pertaining to the subjective nature of some variable of interest. For example, view, fire protection, quality, or site/location.
An indicator of the overall quality of the primary structure.
Pertaining to the objective nature of some variable of interest. It can be measured or counted with little ambiguity. For example, number of bathrooms, year built, additions, or size.
Quantity Survey Method
Method of cost estimating which requires complete itemization of all construction, labor, and material costs by components and subcomponents and all indirect costs.
A subdivision of a Section containing 160 acres more or less, described by referencing the center point in the Section, i.e. the NE Â¼ is north and east of the center point.
A form of conveyance in which any interest the grantor possesses in the property described in the deed is conveyed to the grantee without warranty of title.