Waive::To voluntarily and intentionally relinquish a known right, claim or privilege.
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.
Warranty Deed::A deed used in many states to convey fee title to real property.
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.
