Learning the Lingo?

By
Real Estate Agent with Keller Williams Realty - Topsfield, MA 92593-B

Our world is filled with acronyms. There's text abbreviations, designation abbreviations, Department abbreviations, industry abbreviations, and on and on. Everything is abbreviated and it's beginning to feel like all these abbreviations/acronyms are a new language.

In the purchase of Real Estate, it is important that homebuyers and sellers are aware of the rudimentary acronyms so you do not get lost in the transaction conversation. That being said, if you do not understand the lingo...Speak Up. Many times those of us working in the industry forget our clients may not understand the language.

 

5 Homebuying Acronyms You Need to Know

5 Homebuying Acronyms You Need to Know [INFOGRAPHIC] | Keeping Current Matters

Some Highlights:

    • Learning the lingo of homebuying is an important part of feeling successful when buying a home.
    • From APR to P&I, you need to know the acronyms that will come up along the way, and what they mean when you hear them.
    • Your local professionals are here to help you feel confident and informed from start to finish…and this infographic will help you as you go.

Thank you to the folks at KCM for compiling this information

Posted by

I pray that God our Father and the Lord Jesus Christ will be kind to you and bless you with peace

2 Thessalonians 1:2

 

Doug Dawes REALTOR®, AWREP, LMC

Broker Sales Associate

KELLER WILLIAMS REALTY - Topsfield/Newburyport

49 Main Street
Topsfield, MA 01983
 978-887-3995  ~ Office
 978-270-3037  ~ Cell
 DougDawes@KW.com

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Sales and Marketing
Location:
Massachusetts
Groups:
FOR SALE BY OWNER - MARKETING(FSBO)
Boston Real Estate
MA REALTORS
Boston Area Real Estate
Tags:
home buying
home selling
ltv
acronyms
real estate
apr

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
1,252,651
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Doug Dawes,

Your post is a good conversation starter for those who don't know the lingo.  I look right in my clients' eyes to see if they are glazing over.  It is my responsibility to make sure they understand all the aspects of the transaction including the lingo!

Oct 04, 2019 11:33 AM #1
Rainmaker
3,390,970
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Doug - real estate terminology can easily seem like a foreign language to those who don't use it on a regular basis.   Awareness and education are definitely KEY.   

Oct 04, 2019 04:44 PM #2
Rainmaker
2,617,317
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

We become accustomed to using these acronyms, but we have to make sure that we are breaking them down properly for clients that don't understand the lingo.

Oct 05, 2019 07:20 AM #3
Rainmaker
784,132
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Good Morning Sheri Sperry - MCNE® 

Yours is the best way to educate your buyer/seller

Oct 05, 2019 08:38 AM #4
Rainmaker
784,132
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

You and I are on the same page Michael Jacobs 

Oct 05, 2019 08:38 AM #5
Rainmaker
784,132
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

When I was in the telephone industry it was always a challenge to speak in English instead of telephonese...lol

Oct 05, 2019 08:39 AM #6
Rainmaker
529,290
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

Funny, but I've been dealing with a listing agent on an escrow and she keeps using acronyms with the paperwork flying back and forth. Since I'm a broker in two states, California and Hawaii, it makes it especially fun because each state's forms have different names.

Oct 05, 2019 03:58 PM #7
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
784,132

Doug Dawes

Your Personal Realtor®
Are You Looking?
*
*
*
*
Spam prevention

Additional Information