G – Compendium of Real Estate Terms & Concepts

Gorilla approach to marketing real estate products is a situation whereby an agent (not appointed by the owner of the property) removes the notice board of the appointed agent from a property.

Goodwill, as intangible property, is a common assists in trade or business. It may be said to be that element arising from the reputation, connection or other advantages possessed by a business, which enables it to earn greater profits than the return normally to be expected on the capital represented…

Going-concern value is the value of a company as a whole over and above the sum of the values of each of its parts; the value of organisation learning and reputation. Appraisal Institute (2001) defines Going-concern value as the value of a proven property operation. It includes the incremental value…

Goal could be describe as the object of a person's ambition or effort; an aim or desired result. In Businessdictionary (2016), goal is defined as an observable and measurable end result having one or more objectives to be achieved within a more or less fixed timeframe. Other definitions of ‘goal’…

Gazundering refers to the reduction in the offer price of a property after agreeing to a higher one; it is a situation whereby a prospective buyer or tenant directly or through his agent reduce the price or rent that had already been agreed upon (normally just before contracts are exchanged).

Gazumping literarily means ‘rip off’; ask an unreasonable price. It is an act of increasing the rent of price for a property in respect of which offer and acceptance had earlier been made. This involves sudden change in price or rent that landlord...