Fees may include the appraisal, the home inspection, a title search, a pest inspection and more. SPLT Split-Level RTO Rent to Own WTR Water BKYD Backyard CLHMS Certified Luxury Home Marketing Specialist BB is ubiquitous in modern relationships between young people, where direct messages and chat apps are primary forms of communication. P&S Purchase and Sale GRT RM Great room 4B/2B:Four bedrooms and two bathrooms. MK Modern kitchen Look for this accreditation or something similar when shopping for a home inspector. Crystal R. These contingencies fall away as tasks are completed, saysMelanie Atkinson, a Realtor with Coldwell Banker Residential Real Estate in Tampa, FL. RNCH Ranch The components of a monthly mortgage payment. MLS multiple listing service All Rights Reserved. Contingent vs. under contract? When used in a real estate listing, the words cozy or charming aren't describing the ambiance of the space so much as the size. A short sale is the sale of a real estate property for which the lender is willing to accept less than the amount still owed on the mortgage. PITI Principal, Interest, Taxes, and Insurance Classifying property is in part about age but should also consider things like affordability, amenities, and livability. Brk Brick ASB Asbestos Siding Zillow Group is committed to ensuring digital accessibility for individuals with disabilities. A Short Guide to Real Estate Lingo - realtor.com Step 2: Through your cost estimation, you figure out that $30,000 of investment will bring the property to a rental-ready state over the next 4 months. Principal, interest, property taxes and homeowners insurance (PITI), A fee charged to borrowers who make a down payment that is less than 20% of the homes value. ARI Articles of Incorporation Notice, certificate. MAO Maximum Allowable Offer But if not, you'll want to factor in the cost ofrenovationsbefore deciding if this home is both in your budget and worth a visit. Go now! BKPORCH Back Porch Chn Chain Link Fence SUN Sun Room UTRM Utility Room When offering a selling bonus to a selling broker, the listing broker must specify the terms of the bonus offer according to the following guideline code: B dollar amount/terms/expiration date of offer (if applies), Examples: B1000/APT/010113 ($1000 Bonus on Accepted Price & Terms Offer Good until January 1, 2013) B1000/FPT/010113 ($1000 Bonus on Full Price & Terms Offer Good until January 1, 2013).