Earnest money
Easement
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Easy money
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Economic base
Economic base analysis
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Ellwood technique
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Empty nesters
Enabling act
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Environmental Assessment, EA
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Estate in expectancy
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Estate of inheritance
Estate taxes
Estimate
Estimated remaining life
Estoppel
Estoppel certificate
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Et ux
Ethics
Evaluation
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Exchange brokerage
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Exclusion
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Exclusive agency listing
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Exclusive right to sell listing
Exculpatory clause
Execute
Executed contract
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Executor
Executor's deed
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Exemption
Existing mortgage
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You chose: Ellwood technique
In appraisal, a technique used to estimate the present value of mortgaged income property where the appraiser determines and discounts to a present value the annual cash flow to the equity owner and the expected resale proceeds. Those amounts are added together to derive the equity value, then added to the mortgage balance to offer a property value estimate. The late L. W. Ellwood provided capitalization rate tables that accelerate the process.
Example: An equity owner expects to receive $10,000 of annual cash flow for 10 years. then $100,000 upon resale. A $500,000 mortgage is currently on the property. Using 12% as the appropriate equity yield rate.
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