| If you're in the market for a home, you've probably | | | | 4B/2B - This particular version of this acronym stands |
| spent your fair share of time pouring over real estate | | | | for 4 bedrooms and 2 baths, but this can be used |
| listings online or in newspapers. As a buyer, it's very | | | | with any numbers to represent how many bedrooms |
| important to understand the lingo involved in listing a | | | | and bathrooms a home has. A half bath has a toilet |
| home so you know exactly what you are looking at. | | | | and sink and a ¾ bath has a toilet, sink and |
| Instead of being surprised on the walkthrough, you | | | | shower. |
| can know the situation ahead of time. | | | | FDR - This is a formal dining room which differs from |
| Closing costs - This is an important term for all | | | | an eat-in kitchen where the dining area is attached to |
| buyers to know. The closing costs are various | | | | the kitchen. |
| expenses that need to be paid by the buyer and | | | | HDW, HWF, Hdwd - These are all acronyms for |
| seller when the home comes out of escrow. These | | | | hardwood floors, a very popular feature. |
| include things like the commissions, settlement fees | | | | In addition to acronyms, you'll also find abbreviations |
| and taxes. | | | | in listings that will help you determine qualities and |
| Fixture - Fixtures are anything that are a permanent | | | | amenities of the home. |
| part of the property. Lights, wall to wall carpet, doors | | | | Upr - This stands for upper floor. |
| and window frames are all examples of fixtures on a | | | | Vw, vu, vws, vus - All of these mean that the house |
| property. | | | | has a great view or views of the area. |
| Lock Box - The lock box is a device that holds a key | | | | Pvt - This means private. |
| to the property. By getting the open code from the | | | | Pwdr rm - This stands for powder room, another |
| selling agent, a buying agent can access the home at | | | | term for a half bath. |
| anytime to show their clients the property. | | | | Frplc, fplc, FP - These are all acronyms for fireplace. |
| Expansion pon'tl - Expansion potential is the ability for | | | | Gar - This is short for garage. |
| a home to be expanded at some point, whether | | | | Gard - Not to be confused with gar, this term means |
| through a convertible attic or extra space on the | | | | garden. |
| property for an addition to the home. | | | | Grmt kitchen - This stands for gourmet kitchen |
| Since most newspaper ads and some online ads have | | | | Hi Ceils - These are high ceilings, a great feature of a |
| character limits, real estate agents frequently use | | | | home for sale. |
| acronyms to save on space. These acronyms are | | | | All of these terms will help you understand and |
| important to understand. | | | | interpret real estate listings better. When you know |
| CMA - This stands for comparative market analysis | | | | exactly what you are looking at, it will make it a lot |
| or competitive market analysis. The CMA report | | | | easier to decide whether or not you want to go |
| shows the prices of other homes in the area that | | | | forward with an official walkthrough. By arming |
| have comparable stats. They were recently sold so it | | | | yourself with this information you'll be able to read |
| gives both parties an estimate of how much the | | | | listings like a pro. |
| house in question should be worth. | | | | |