Translating the Language of Real Estate

To most 1st time home buyers, real estate can be confusing and overwhelming, especially with the real estate terms and numbers, but it shouldn’t have to be. Purchasing a home and selling a home are big steps in most peoples’ lives so it is important to stay informed. Feel free to contact me anytime with your real estate needs, and I will be happy to discuss your questions in terms we can all understand and make the process as easy as possible. Find me on Facebook @ http://www.facebook.com/RockstarRealEstates

Dream Coldwell Banker

Guest blogger: Matt Dobbe, Regional Marketing Coordinator, Coldwell Banker Residential Brokerage – Wisconsin Region

Funny bubble of real estate abbreviations

As someone new to the real estate industry, I’ve learned that buying a home is more than just bed and bath counts. It’s waterfront property, big yards, BICCs and a friendly neighborhood. It’s FSBOs, REOs and contracts and paperwork…A lot of paperwork.

It probably shouldn’t have surprised me, but I didn’t realize how much had to be signed, approved and permitted when buying or selling a home. I also didn’t know that all real estate agents were fluent in more than one language: The Language of Real Estate. The Language of Real Estate consists largely of acronyms and abbreviations and if you happen to be one who’s not fluent in Real Estate, deciphering what a certain acronym or term may mean can make it seem like you’re trying to crack a decades long real estate code; similar to…

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