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| VALID CONTRACT
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An agreement that is legally binding because it is in conformity with all legal requirements and conditions. |
| VALID DEED
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Legally proper instrument which transfers title of real estate from seller to buyer. |
| VALLEY
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(1) Level land at a low point between two mountains. (2) The corner where two roof slopes meet. |
| VALLEY FLASHING
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Waterproofing the joint of a roof. |
| VALLEY JACKS
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Rafters that run from a ridgeboard to a valley rafter. |
| VALLEY RAFTER
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Diagonal rafter at the intersection of two intersecting sloping roofs. |
| VALLEY ROOF
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Roof that has a concave angle. |
| VALUABLE CONSIDERATION
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Value is exchanged in accordance with an agreement involving performance currently or in the future by the parties. Without reasonable consideration for performance a contract may not be valid. |
| VALUATION
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Estimated worth of a property as valued through an appraisal. |
| VALUE
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An expression of monetary worth of a particular piece of real estate. |
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