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Buyers Market vs Sellers Market
Here are the key differences between a buyer’s market and a seller’s market. When buying or selling a home, it’s crucial to understand which type of market you are in, as this can significantly impact how you price your home and how you make offers.
Real Estate Abbreviations
Speaking the Language
Here are some standard abbreviations you might see in real-estate listings or advertising:
- BA: bath
- BLT: built-in
- BR: bedroom
- BRK: brick
- BKPORCH: back porch
- BLDRS REDO: builder's renovation
- CAC: central air conditioning
- DR: dining room
- DK: deck
- FHA/VA: qualifies for FHA/VA financing
- FIN LL: finished lower level
- FML: formal
- FPL: fireplace
- FR: family room
- FROG: finished room over garage
- FSBO: for sale by owner
- GMT KITCHEN: gourmet kitchen
- INGRD POOL: inground pool
- LR: living room
- MSTR: master bedroom/suite
- MTG: Mortgage
- PVCY FENCE: privacy fence
- SCC SYS: security system
- SCRND PORCH: screened porch
- TH: townhouse
- TXS: taxes
- WBFP: wood- burning fireplace
- W/O:walk-out
- U/G SPRK: underground sprinkler system
- YD: yard
Real Estate Blog: Sarah Layton
Here are the key differences between a buyer’s market and a seller’s market. When buying or selling a home, it’s crucial to understand which type of market you are in, as this can significantly impact how you price your home and how you make offers.
Read MoreSpeaking the Language Here are some standard abbreviations you might see in real-estate listings or advertising: BA: bath BLT: built-in BR: bedroom BRK: brick BKPORCH: back porch BLDRS REDO: builder’s renovation CAC: central air conditioning DR: dining room DK: deck FHA/VA: qualifies for FHA/VA financing FIN LL: finished lower level FML: formal FPL: fireplace FR: family room FROG: […]
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