Occasionally I watch HGTV shows, mostly Property Brothers and Income Property, surprising I am sure since I live those shows every day! Last week I watched the season opener of Selling LA, just to tease myself with the gorgeous ocean views we don’t have here in DC. Somehow the Potomac River just doesn’t have the [...]
Posts Tagged ‘real estate jargon’
Why Is It Called A Short Sale?
August 30th, 2011
Laura You’ve been warned and you’ve heard horror stories of short sale transactions, but do you actually know why they’re called “Short Sales?” These distressed sales earned their name because the current owner is selling his/her property SHORT of what he/she owes on the loan. When you hear the term “upside down” it means the same [...]
What Does “MLS” Stand For in Real Estate?
July 7th, 2010
Laura Realtors(R) use a lot of jargon in every day conversations and online – so when you see the acronym “MLS,” you may wonder what it means. In the real estate world, “MLS” does not refer to the soccer league – it stands for Multiple Listing Service. The Multiple Listing Service is the fancy name for [...]
Realtor Speak: Real Estate Jargon Defined
April 27th, 2010
Laura Sometimes I notice myself using Realtor speak in conversations and I often have to stop myself because some of it may not make any sense! While I have a full Real Estate Glossary for you to read, if you need reading material for those nights you can’t fall asleep, this is more of the industry [...]
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