Here’s a cheat sheet to let you in on the lingo …
4B/2B: four bedrooms and two bathrooms
assum fin: assumable financing
full bathroom is a room with a toilet, a sink and a bathtub
three-quarter bathroom has a toilet, a sink and a shower
half bathroom or powder room has only a toilet and a sink.
closing costs: the entire package of miscellaneous expenses paid by the buyer and the seller when the real estate deal closes. These costs include the brokerage commission; mortgage-related fees; escrow or attorney’s settlement charges; transfer taxes; recording fees; title insurance and so on. Closing costs are generally paid through escrow.
CMA: comparative market analysis or competitive market analysis. A CMA is a report that shows prices of homes that are comparable to a subject home and that were recently sold, are currently on the market or were on the market but did not sell within the listing period.
dk: deck
FDR: formal dining room
fixture: anything of value that is permanently attached to or a part of real property. Fixtures include installed wall-to-wall carpeting, light fixtures, window coverings, landscaping and so on. Fixtures are a frequent subject of buyer and seller disputes. When in doubt about who will have ownership of fixtures, get it in writing.
frplc, fplc, FP: fireplace
gar: garage
gard: garden
grmet kit: gourmet kitchen
HDW, HWF, Hdwd: hardwood floors
hi ceils: high ceilings
in-law potential: potential for a separate apartment, subject to local zoning restrictions
lock box: locked key-holding device affixed to a for-sale home so real estate professionals can gain entry into the home after obtaining permission from the listing agent
lsd pkg: leased parking area; it may come with additional cost
MLS: Multiple Listing Service. An MLS is an organization that collects, compiles and distributes information about homes listed for sale by its members, who are real estate agents. Membership isn’t open to the general public, although selected MLS data may be sold to real estate listings Web sites. MLSs are local or regional. There is no MLS covering the whole country.
nr bst schls: near the best schools
personal property:movables, such as appliances and furniture
pot’l: potential
pvt: private
title insurance: an insurance policy that protects a lender’s or owner’s interest in real property from assorted types of unexpected or fraudulent claims of ownership. It’s customary for the buyer to pay for the lender’s title insurance policy.
upr: upper floor
vw, vu, vws, vus: view(s)
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