Real Estate Ad Terms And Lingo

realtor.com

Freerangestock.com

4B/2B: 4 bedrooms and 2 bathrooms

Assum.fin.: assumable financing

Closing costs: The entire package of 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, etc. Closing costs are usually paid through escrow.

CMA: Comparative 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 not sold within the listing period.

Contingency: A provision of an agreement that keeps the agreement from being fully legally binding until a certain condition is met.

Dk: deck

Expansion pot’l: Expansion potential means that there is extra space on the lot or the possibility of adding a room or an upper level, subject to local zoning restrictions.

Fab pentrm: Fabulous pentroom, a room on top, but under the roof, that has great views.

FDR: Formal dining room

Fixture: Anything of value that is permanently attached to or a part of real property. Examples include light fixtures, window coverings, landscape, etc.

Frplc, fplc, FP: Fireplace

Gar: Garage

Grmet kit: Gourmet kitchen

HDW, HWF, Hdwd: Hardwood floors

Hi cells: High ceilings

In-law potential: Potential for a separate apartment, subject to local zoning restrictions.

Listing: An agreement between a Real Estate broker and a homeowner that allows the broker to market and arrange for the sale of the owner’s home. Listing is also used to refer to the home for sale itself.

Lo dues: Low homeowner association’s dues.

Lock box: Locked key-holding device placed on a home for sale so real estate professionals can gain access to the home after obtaining permission from the listing agent.

Lsd pkg: Leased parking area; may come with an additional cost.

MLS: Muliple listing service. This is a site which collects, compiles, and distributes information about homes listed for sale by its members, who are real estate brokers. Membership is not open to the general public, although selected MLS data may be sold to real estate sites.

nr bst schls: Near the best schools

pot’l: Potential

pvt: Private

Pwdr rm: Half bathroom or powder room

REALTOR: A real estate broker or sales associate who is a member of the National Association of Realtors. Not all real estate agents are realtors.

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. Usually the buyer pays for the lender’s title insurance policy.

upr: Upper floor

vw, vu, vws, vus: View