Look for words, Phrases & Definitions in Alphabetical Order:
W
Walk-Through Inspection - A process whereby an appraiser examines a property in preparation for estimating its value. Also, the process of inspecting a property for any damage prior to that property being bought or sold.
Warranty - An affidavit given to stipulate the condition of a property. The person giving the warranty assumes liability if the condition turns out to be untrue.
Watt - An expression of amount of electrical power. Volt times amps equals watts.
Wear and Tear - A term used to indicate the normal damage inflicted on a property through every-day use.
Weather Stripping - Material used around windows and doors to prevent drafts.
Weep Hole - Drainage hole that allows water to escape.