Oconee County Real Estate | Real Estate Terms F | Watkinsville Georgia Real Estate
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Oconee County Real Estate

Burton Realty & Development, Inc. 357-A Oak Street - Athens, Georgia 30601
Office: 706-543-0222 - Fax: 706-543-8300


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Oconee County Real Estate
Oconee County Real Estate
Oconee County Real Estate
Oconee County Real Estate
Oconee County Real Estate


Oconee County Real Estate

Real Estate Terms | F



Fair Market Value
That price a property will bring given that both buyer and seller are fully aware of market conditions and comparable properties.

Foreclosure
A legal term applied to any of the various methods of enforcing payment of the debt secured by a mortgage, or deed of trust, by taking and selling the mortgaged property, and depriving the mortgagor of possession.

Fee Simple
Ownership of title to property without any limitation, which can be sold, left at will, or inherited.

Front Footage
The linear measurement along the front of a parcel. That portion of the parcel which fronts the street or walkway.

Functional Obsolescence
Loss in value due to out-of-date or poorly designed equipment while newer equipment and structures have been invented since its construction.

Fixtures
Items affixed to buildings or land usually in such a way that they cannot be moved without damage to themselves or the property, such as plumbing, electrical fixtures, trees, etc.



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Oconee County Real Estate
Oconee County Real Estate
Burton Realty Athens Georgia
Burton Realty & Development , Inc. 357-A Oak Street - Athens, Georgia 30601
Office: 706-543-0222 - Fax: 706-543-8300

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