Real Estate Glossary Business Dictionary Definition Valuation Vendor

Site Last Updated
19 March 2010

"Just letting you know we have sold our business - Clever Cuts Hair Design, and could you please remove the advertisement from the web site. We are fortunate to have sold the business through your web site. Thank you for time, effort and advise. Cheers Julia Watkins"

Clever Cuts Hair Design
Auckland, New Zealand

"The above business has been sold, thanks to the Aorata web page. We handed over a couple of weeks ago and today have finished our obligations and best of all, received all the cash. We both wish to thank you for all advise and recommendations re the above, and ask that last question, please remove us from the 'FORSALE' section. Once again, many thanks and yes we have passed on and will continue to do so the benefits of Aorata. Cheers, Tony & Ann."

Counties Cycle & Model Centre
Pukekohe, New Zealand

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Real Estate / Business Glossary

"V" Dictionary Definition - What is a :

Vacant Possession
This means that when you get ownership of your home there will be no tenants living there or leases giving someone else use of the property.

Valuation
A written report by a registered valuer, showing their independent assessment of the value of the property. If requested by the owner, it is used to help set the sale price of a property. If requested by the purchaser (or the purchaser’s bank or mortgage broker) it can be used to determine a purchase offer or to verify security for any loan.

Value of Improvements
This is the difference between the Capital Value and the land Value on your Rating Valuation. It reflects the additional value of your house and landscaped gardens.

Vendor
The person selling the property.

Venture Capitalist
A person who invests in a business venture, providing capital for start-up or expansion. Venture capitalists are looking for a higher rate of return than would be given by more traditional investments.