The noun GERBIL has 1 sense: 1. small Old World burrowing desert rodent with long soft pale fur and hind legs adapted for leaping. Familiarity information: GERBIL used as a noun is very rare.
The value of the house today is between $425,000 and $490,000. The house is currently rented for $2,500 per month to long-term tenants ($30,000 per year). They are on a month to month lease. Taxes of $5,925.04 were paid in March 2010.
If the appraisal comes in higher than the price youâre paying for the home, then you benefit immediately from the additional home equity. For instance, if youâre paying $250,000 for a house and the appraiser says itâs worth $300,000, youâve gained $50,000 in equity instantaneously. However, if the appraisal comes in lower than the sale price, you will need to abide by what youâve negotiated in the contract.