Panama City Real Estate - Glossary Index

Panama City Real Estate

Gloassary - W

Waiver

The intentional relinquishment or abandonment of a specific claim, privilege, or right.

Weighted average method

a technique for calculating the vacancy rate for a market area by dividing the sum of vacant space by total space in the market.

What-if analysis

An affordability analysis that is based on a what-if scenario. A what-if analysis is useful if you do not have complete data or if you want to explore the effect of various changes to your income, liabilities, or available funds or to the qualifying ratios or down payment expenses that are used in the analysis.

What-if scenario

A change in the amounts that is used as the basis of an affordability analysis. A what-if scenario can include changes to monthly income, debts, or down payment funds or to the qualifying ratios or down payment expenses that are used in the analysis. You can use a what-if scenario to explore different ways to improve your ability to afford a house.

Wraparound mortgage

A mortgage that includes the remaining balance on an existing first mortgage plus an additional amount requested by the mortgagor. Full payments on both mortgages are made to the wraparound mortgagee, who then forwards the payments on the first mortgage to the first mortgagee.

Work Letter

An amount of money that a landlord agrees to spend on the construction of the interior of a space per the lease, usually negotiated.

Panama City Real Estate | Bookmark and Share
Please provide a valid email address.

Contact us anytime for more information about Panama City Beach Home, Condo and Commercial Real Estate Sales!

*Your information will never be shared with any third party.

When you need assistance in finding your dream home,
contact us or call us at 850.774.6582.

Panama City Home Sales

Panama City Beach Realty Group
Counts Real Estate Group, Inc.
3009 Highway 77, Suite H
Panama City, Florida 32405
Direct: 850.774.6582
Hours: