The explosion of information on the Internet is truly astounding. I consider myself a relatively young woman, yet when my career began, no one had a PC...the proliferation of this valuable tool (or as I call it, my extra appendage!) and the Internet is nothing short of a miracle.
For web savvy home buyers, there is a wealth of information right at your fingertips. As an exclusive buyer agent, in 5 years I have seen the shift in the buyer community - they come to us now with a much better understanding of what they can expect for the dollar amount they have to spend. But the MLS listings provide some information that consistently causes some confusion to my buyers. So in the spirit of passing along (even more?) information, here are answers to some of the most commonly asked questions. Please note that these answers pertain to the Sarasota area market and may be different where you live.
UPD - Updated - so when it says Year Built - 1957UPD, it means an older home which has been updated
YP, YC - When looking for pools, there are three possible variables - YP (Yes, private pool), YC (Yes, community pool) or N -No pool.
BRs - 3/4 - A bedroom is considered a room with a closet. If you see two numbers , ie 3/4, it means that there are three TRUE BRs (with closets) but another room , usually a den or bonus room, that could easily be converted to a BR if need be.
ADOM - Days on Market - how long the property has been actively listed (located at the top right hand corner of a listing). Note that when a listing expires and the seller changes listing agents, this number will reset to 0. Ask your buyer agent for a history on the property.
HOA Fee - Homeowners Association Fee - like a condo fee, HOA fees are very common in Florida. In many deed restricted communities, the HOA fee provides for the common grounds and common recreational facilities.
One final point - for all the technology, listing agents still enter in the information by hand. So, yes, sometimes there may be mistakes. If there is a specific requirement that is important to you, and listings have discrepancies, ask your Buyer Agent. We're here to crack the code! If you have any codes that confuse you, or have learned something valuable, let me know so I can add it to the list!
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