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.
