Real estate listings precede sales and a period of poor listings activity will negatively impact revenue. ![]() Real estate listings were obtained for single-family residences for sale in Anaheim. Real estate listings posted in the window of a real estate office, with a maximum area of 25 percent of the total window area. Real estate listings and conversations with local brokers, bankers, etc., is very often a source of additional information for the review appraiser. It’s customary for the buyer to pay for the lender’s title insurance policy.Examples of Real estate listings in a sentence 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. Not all real estate agents are REALTORS®. REALTOR®: a real estate agent or sales associate who is a member of the NATIONAL ASSOCIATION OF REALTORS®. Real property: real estate is legally called “real property” Personal property:movables, such as appliances and furniture There is no MLS covering the whole country. Membership isn’t open to the general public, although selected MLS data may be sold to real estate listings Web sites. An MLS is an organization that collects, compiles and distributes information about homes listed for sale by its members, who are real estate agents. Lsd pkg: leased parking area it may come with additional cost 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 Do your research to find out just how ” low” the dues actually are compared to other dues in the area. Lo dues: low homeowner’s association dues. A home being sold by the owner without a real estate agent isn’t a ” listing,” it’s called a FSBO (for sale by owner). The word ” listing” is also used to refer to the for-sale home itself. Listing: an agreement between a real estate agent and a home owner that allows the agent to market and arrange for the sale of the owner’s home. Large E-2 plan: one of several floor plans available in a specific building In-law potential: potential for a separate apartment, subject to local zoning restrictions When in doubt about who will have ownership of fixtures, get it in writing. Fixtures are a frequent subject of buyer and seller disputes. Fixtures include installed wall-to-wall carpeting, light fixtures, window coverings, landscaping and so on. ![]() One example is a buyer’s contractual right to obtain a professional home inspection before purchasing the home.Įxpansion pot’l: expansion potential means that there’s extra space on the lot or the possibility of adding a room or even an upper level, subject to local zoning restrictions.įab pentrm: fabulous pentroom, a room on top (but under the roof) that has great viewsįixture: anything of value that is permanently attached to or a part of real property. ![]() 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.Ĭontingency: a provision of an agreement that keeps the agreement from being fully legally binding until a certain condition is met. Closing costs are generally paid through escrow.ĬMA: comparative market analysis or competitive market analysis. These costs include the brokerage commission mortgage-related fees escrow or attorney’s settlement charges transfer taxes recording fees title insurance and so on. Here’s a cheat sheet to let you in on the lingo.īedroom: usually a sleeping area with a window and a closet, but the definition varies in different placesīathroom: There are three types of bathrooms: a full bathroom is a room with a toilet, a sink and a bathtub a three-quarter bathroom has a toilet, a sink and a shower a half bathroom or powder room has only a toilet and a sink.Ĭlosing costs: the entire package of miscellaneous expenses paid by the buyer and the seller when the real estate deal closes. Real estate ads are usually full of acronyms and terms that are unfamiliar to first-time buyers. Decoding Real Estate Listings – A Short Guide to Lingo and Acronyms
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