Deciphering MLS Listings For Dummies

By
Mortgage and Lending with Columbia Mortgage Plus

Shopping for houses can be an extremely entertaining adventure but if you are new to this phenomenon, start by learning the lingo.

First of all, most Realtors generally have an extraordinary sense of humor. 

As a life long student of finance/real estate I often feel it is my basic moral obligation to humanity to share this bit of wisdom from time to time.

 

Needs TLC

Ahhhahaahahaa MY SIDES HURT!!!  No doubt about it, TLC it needs indeed.  Matter of fact it may also need a bulldozer, a stick of dynamite and an exorcism.

Skip these folks:

 

Needs Updating!!

Oh tickle me with a feather, I'd say.  Remember disco?  And paneling?  Wasn't it lovely - these things have sagging floors now and will plunder the reserves of an Arab Sheik.  Sometimes the past is best left in the past:

 

 

Has Loads of Charm!!

This one makes me smile every time.  Horse barns have loads of charm too!!  BUT YOU DO NOT WANT TO LIVE IN ONE:

 

 

 

Seller Says MAKE AN OFFER!!

Ok slow down, there is a reason for that and it may not be a nice one.  Not saying a deal cannot be done but proceed with extreme caution on these:

 

 

 

If you are under the gun to make a decision, I will suggest considering a new one.  New everything, full warranty and no bodies in the back yard et cetera. 

If it is your turn to be the lucky person with a brand new house, pick one you will not vehemently despise right away.

 

Make it a Great Day.

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Rainmaker
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Susan Laxson CRS
Palm Properties - La Quinta, CA
Local Knowledge & Global Network

Scott Thompson -  Funny blog post and those of us in the business long enough have been the descriptions don't always match the house. Uhm... buyer beware!  Thanks for sharing this!

Sep 10, 2016 06:59 AM #1
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Anna Banana Kruchten CRS, CRS, Broker, Instructor
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

Scott well you're having fun today! Love it!  I chuckled all the way through - to no dead bodies in the back yard of a new home.  But wait.....maybe there could be?  Just saying!!!  LOL

Sep 10, 2016 08:11 AM #2
Rainmaker
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James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Good morning Scott, you're taking all the fun away from the look on the face of the buyers, when they finally figure it out... 

Sep 10, 2016 08:44 PM #3
Rainmaker
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Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

We do seem to have a "code" or language all our own, don't we, Scott Thompson

But about those potential bodies in the backyard ....  

Gene 

Sep 12, 2016 12:57 AM #4
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Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

TLC, to me, means Tons of liquid cash. You just have to understand the language.

Oct 17, 2016 12:06 AM #5
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Scott Thompson

Commerical Finance - Blue Springs, MO
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