Do You Understand The MLS Listings?
Posted: under Home Buying.
Tags: Allen Davis, MLS Listings, Realestatesearchdirect.com, Technorati
Are you getting lost in the MLS Listings? It’s easy to do.
There are many abbreviations and industry jargon that may be hard to understand for someone who has never bought a home before.
Many of the abbreviations come from the days when the best form of marketing was the classified ads in the local newspaper. The paper charged by the line or letter so people kept the ads as brief as possible. Sometimes these abbreviations are still used even when publishing an ad on the internet where there is no per fee per letter or line.
Homer Buyer and Ivana Newhouse were busy searching the listings every day.
They found out that there were some key words that had unexpected meanings. Some properties were listed as “Subject To Lender’s Approval.” Homer thought this was odd. Wasn’t any home purchased with borrowed money subject to the lender’s approval?
Comments (3)
Mar 29 2009
