Sunday mornings with the newspaper real estate section can be daunting to home buyers and sellers. Figuring out the shorthand for favorite home features takes an inquiring mind. Mark Nash, author of 1001 Tips for Buying and Selling a Home takes the guess work out of listing sheets and classified residential real estate ads.
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Bom! 3/2 F.S.Th,S/E Exp.,Wbfplc,2 Tan.Gar,S.S. Kit.,Motv. 1031 Sell. Mid 5's
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What it positively says: Back on market, 3 bedroom, 2 bathroom, fee-simple townhouse with south and east exposures, wood-burning fireplace, 2 tandem carport parking spaces, stainless steel kitchen appliances. Motivated wholesaler needs to sell to meet guidelines for a 1031 exchange. Price 0,000.
What it positively means: either a covenant fell-through (the buyers walked) or the sellers took the property off the store due to illness, repairs or the holidays. There are no homeowners connection assessments because the townhouse is owned fee-simple. The indoor carport parking spaces are end-to-end or tandem. The wholesaler who hasn't busy the property because it is a 1031 exchange needs to sell within a short period of time to meet tax guidelines. Yes the price is fifty thousand over a half-a-million-dollars.
The run-up in real estate prices the last few years has created a new real estate speak. The shorthand used by agents can be difficult to decipher by home buyers and sellers, but don't be fooled by the lack of zeroes in prices or the use of cordial words in place of the real choice. It sounds a lot less costly if you're finding in the 1.1 to 1.5 range than one million, one hundred thousand to one million, five hundred thousand. Plus "fixer-upper" sounds good than what it positively is: tired. "As-is" translates into buyer beware.
Here are some additional abbreviations home buyers and sellers should come to be familiar with when interacting with real estate agents.
A/G. Above ground. Swimming pools that are above the ground or grade.
Accom. Accompany. Listing agent must show property.
A/C. Air conditioning. W for windows, Ca for central air-conditioning.
Appl. Appliances. Kitchen and laundry.
Appt. Appointment. Shown by appointment only, don't ring the bell unannounced.
Approx. Approximately. Verify whatever that is approximate.
As-is.
Assmt. Assessment. Annual, regular or monthly homeowners connection charges to property owners.
Att. Attached. Any condominium, co-op, duplex, town home or two-flat that is attached to an additional one unit.
A/I. Attorney and inspection. Defined period under terms of covenant to buy where both parties can have an attorney narrate the covenant and the buyers can perform an inspection of the property at their expense.
Bsmt. Basement. Below grade or ground level.
Ba. Bathroom. either half (no shower/tub), three-quarters (shower no tub) or full (tub and/or shower).
Br. Bedrooms. To qualify commonly have to have a window and a closet otherwise a den or office.
Bom. Back on market. Was available, went off-market, now ready again.
Bldg. Building. Such as high-rise (more than eight floors) or mid-rise (5-8 floors) or low rise (2-4 floors).
Cab. Cabinets. Kitchen or other built-in storage.
Canc. Canceled. A listing is no longer available.
Crpt. Carpet. Wall-to-wall and tacked down.
C/A. Central air-conditioning. either originally built-in with duct-work or retrofitted as space-pak (spc pk).
Cld. Closed. A property that has been sold and the buyers have received title.
Const. Construction. New, up-to-date or quality.
Ctg. Contingent. A property is under covenant with provisions that must be met. The buyers must sell their home (home sale=Hs) or receive a commitment for a mortgage (mort).
Co-op. Cooperative. A form of rights of an apartment (apt) or a commission paid to a real estate brokerage that procures a buyer for a property.
Det. Detached. A construction that is not joined to another.
Din. Dining room. A separate space not combined (combo) with living room.
Dir. Directions. How to get to a exact property address.
D/W. Dishwasher. Built-in ( a fixture) or movable (personal property).
Dist. District. School (sch) or historic (hist).
Dom. Days on market. The length of time a property has been in the manifold Listing service (mls).
Drv. Driveway. A report follows of what the material is exterior the driveway.
Ex. Expired. A listing period for a property has passed.
Excl. Exclusions. The sellers are taking grandmothers light fixture in the breakfast (brkft) room.
Exp. Exposure. Direction home or unit faces. E=East, W=West, S=South, N=North
Ext. Exterior. Features on the exterior of a construction and the grounds.
Fam. Family. House room. Beware that use of this word can violate Fair Housing Laws.
Fin. Finished. Basements can be fully terminated (full fin) or partially terminated (part fin).
Fplc. Fireplace. Fireplaces can be gas (gas fplc) or wood burning (wb fplc).
Flr. Floor. Such as first floor specialist bedroom (1st flr mstr).
Grdn. Flower gardens or garden level. Can narrate exterior landscaping or a interior living level that is partially below ground level.
Gar. Garage. A enclosed space for storage.
Gfa. Gas forced air. A type of heating system.
Grt. Great room. A combined (combo) family, kitchen and breakfast room.
Hdwd. Hardwood floors. Beware softer woods are straight through into this category. Bamboo and poplar can't take the same wear and tear as maple and oak. Diagonal hardwood (d/hdwd) and parquet (parq) are other options.
Hvac. Heating,ventilating and air conditioning. Refers to an all-in-one heating and cooling system.
H/War. Home warranty. The sellers have purchased a warranty on the home to protect buyers from repair expenses.
Hr. Hour. 24 hour consideration to tour a property.
Incl. Includes. Any items that would be determined personal property (pers prop) that the sellers are leaving in the home.
Int. Interior. As in decorating (decor) or expertly (pro) designed.
Kit. Kitchen. That's an easy one.
L. List price. The advertised price of a home.
Liv. Living room. A formal room typically adjacent to the front entrance of a home.
Loc. Placed or location. Location rules in residential real estate.
Ll. Lower level. A nice word for basement.
L.O. Listing office. The brokerage to perceive with regard to a exact listing.
Maint. Maintenance. Can apply to estimate of work to claim a home or what is included in the homeowners connection charges to property owners.
Mt. store time. Same as days-on-market.
Mstr. specialist bath or bedroom. The designated space where the homeowners bath and sleep.
Mech. Mechanical systems. The cooling, electrical, heating, and plumbing systems in a home.
Mo. Month. Monthly assessments or month-to-month rental.
Ofc. Office. Home office (hom ofc) or office space (ofc spc).
O/M. Off-market. A property that has been withdrawn from the manifold Listing Service.
Prkg. Parking. Options (opt) consist of off-street (off-st), space (spc) or covered (covd).
Pend. Pending. When a property in the Mls is under covenant and close to windup or escrow.
Priv. Pvt. Private. entrance (entr) or road (rd).
Poss. Possession. The date when a buyer can occupy (occ) a property.
Pchg. Price Change. The price has been lowered motivated or raised (difficult sellers).
Rm. Room.
S. Sale price. The recorded price a property sold for.
Scrnd. Screened. Lanai's (lan) or porches (por).
Sec. Security. Ideas (sys) or building. Or a deposit (dep).
Sep. Separate. entrance or room not combined with another.
Sing Fam. Singular House home. A detached dwelling.
Slider. Sliding door(s). commonly pertains to sliding glass pr patio (pat) doors.
Sq ft. Quadrate Feet. Verify all Quadrate footage measurements on home marketing materials.
Sty. Story. Describes the estimate of levels in a home.
Sty. Style. The architectural character of a home. Colonial (Col), ranch (ran) or traditional (trad).
Tx. Taxes. property taxes for last (2005=05) attainable year (yr).
Thruout. Throughout. Hardwood floors in every room.
Th. Town home. Attached home.
Trans. Transportation. Favorable to buses, trains or highways (hwys).
U/C. Under contract. A property has a fully executed covenant to purchase.
Util. Utility (ies). Cable, Electric, gas, oil and telephone services in case,granted to a home.
Vin. Vintage. A home that was built prior to World War Ii.
W/D. Washer and dryer. Side by side (Sbs) or stackable (stk).
W/. With. Wood burning fireplace with gas starter. Wbfp w/gas Str.
Wbfp. Wood burning fireplace.
Yd. Yard. Front, back or side landscaped areas.
And how about those capitalized initials after real estate agents names on their business cards, called professional Designations. Here is a sample.
Abr Accredited Buyers Representative. Homebuyers should look for the Accredited Buyers Representative designation. The Real Estate Agent Council trains experienced real estate agents in specifically representing the real estate consumer.
Crs Certified Residential Specialist. Agents who hold the Crs designation have additional education and sales perceive with focus on the latest in real estate professionalism, sales and marketing techniques.
Gri Graduate Realtor(R) Institute. Graduates of the Realtor® invent earn the Gri designation by completing a national agenda of developed education consisting of residential marketing, cost basis, appreciation methods, venture and taxes in real estate, construction, exchanges, capital gains and mortgage programs.
Learn the Abbreviated Language of Realty Agents
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