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To put it simply,a seller can back out at any point if contingencies outlined in the home purchase agreement are not met. ... A low appraisal can be detrimental to a sale on the seller's end, and if they're unwilling to lower the sale price to match the appraisal value, this can ...
“You said/you did...” It's communication 101 — when discussing a sensitive topic, never lead with “you” statements. In a performance review, this might include statements like “you said I was going to get a raise,”“you didn't clearly outline expectations,” etc. How do you sel...
Appraisal Definition and Legal Meaning On this page, you'll find the legal definition and meaning of Appraisal, written in plain English, along with examples of how it is used. What is Appraisal? “Determined by a professional appraiser, the estimated value of a property. History and Meaning...
The rule involves the identification of the appraisal problem to be solved, disclosure of the scope of work and extent to which the property is inspected. According to the Uniform Standards of Professional Appraisal Practice (USPAP), the client is defined as the party who engages the appraiser....
Last Reviewed: September 18, 2024 3 comments Performance Management The practice of performance appraisal has been around for many years — in fact, it’s rumored to have been invented as early as World War I, but it wasn’t widely used until the 1950s. Since its debut, performance appr...
You've probably heard of the Consumer Price Index (CPI), even if you don't know exactly what it means. Especially in inflationary times, the Consumer Price Index is a popular talking point in the business media since it's used as a proxy for inflation and has a direct impact on the ...
Mean time to failure Defect density Customer Problems Customer Satisfaction Fix backlog Fix response time Defective fixes Process Quality Metrics Used for improving the software development and maintenance process. For your reference, I mentioned a list of process quality metrics here (not an exhaustive...
Collaboration across all teams doesn’t just mean sharing information. It also means knowing who is responsible for which party of a contract’s lifecycle, what actions have been carried out and what there is left to do. It means shared workloads, shared responsibility and key stakeholders not ...
What Does a 70% LTV Mean? A 70% (0.70) loan-to-value (LTV) ratio indicates that the amount borrowed is equal to seventy percent of the value of the asset. In the case of a mortgage, it would mean that the borrower has come up with a 30% down payment and is financing the rest...