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Real Estate Abbreviations & Terminology selling your home

Real Estate Abbreviations & Terminology

44 Common Real Estate Abbreviations and Acronyms

Are you confused about real estate abbreviations or listing terminology? Do you feel like real estate agents are trying to confuse you with real estate terms and real estate acronyms?

Confusing real estate abbreviations
Are real estate acronyms and abbreviations confusing you?

If you’re working with real estate brokers in the search of a new home, most likely you are receiving MLS® real estate listings via the new Keystone Matrix® system. My buyers are always asking me to explain what some of the real estate abbreviations or real estate terminology stands for, so I thought I might create this post to help everyone out.

Generally from the top of the listing sheet on down, here is the list of abbreviations

Real Estate Abbreviations List

DOM: Days On Market reflects how many days since the home has been listed by the agent

Townhome style of housing

TYPE: This refers to one of the 4 different types of homes the listing service is displaying. They are:

RD = Residential Detached. This is the most common type of house, the one most people think of when looking at homes.

SA = Single Attached (Side by Side). These are two residences which share one common wall. They are cheaper to build, and therefor less expensive to purchase as well

TH = Townhouse. Usually found in rows of 4, 6 or even more. One long building which has a number of separate homes. The end units share one wall, while all interior units actually share 2 common walls.

MH = Mobile Home. Generally means a home which is located in a mobile home park. Careful here, as a ‘mobile home’ might actually be firmly attached to a foundation, and thus become real property.

TAX AMOUNT: This is supposed to be the TOTAL GROSS property taxes, including all Education Taxes, Local Improvements etc. As an owner-occupant, you would qualify for a $700 Provincial Rebate

RMA: Means Rooms Above Ground level. This indicates the total number of rooms such as any formal dining room, kitchen and living room, but NOT bathrooms or powder room, etc.

Real Estate Abbreviations & Terminology selling your home

BDA: Bedrooms Above Ground. Includes the master bedroom and all secondary bedrooms located above ground level

TBD: Total Bedrooms (including basement bedrooms). This is how you can tell how many bedrooms are in the basement. Simply subtract the BDA from the TBD and see that the basement has 2 bedrooms, for example. Careful here: Just because a property sellers are listing it as a bedroom, does not necessarily mean it fits the legal description of a bedroom.

FB: Number of full Bathrooms (a “FULL” bathroom has at least 3 pieces, so for example: toilet, sink and shower, or toilet, sink and tub)

HB: Number of half Bathrooms (a half bath might have only 1 piece, such as a toilet, or just a sink, but most often has 2 pieces)

EN: Ensuite, which refers to a bathroom that is accessible from a bedroom directly

Exterior: Refers to the exterior surface of the home’s walls. Most common in Winnipeg is stucco, but could also include brick, siding (including vinyl and aluminum siding) and wood.

Foundation: Most common is concrete, but older homes often feature STONE or sometimes Cinderblock or even brick. In the 1980s there was a fad for ‘Preserved Wood’ foundations.

Home heating radiator

Heating: Most common is ‘forced air’ which indicates central heat (preferred). Other options might be Hot Water (radiators) or electric (baseboard heaters).

Heating Fuel: Indicates whether it is gas or electricity. Some new home builders are making the switch to electric furnaces. Careful as even in our province, producing heat with electricity is substantially more expensive than producing it with natural gas.

Basement: Full. This means that the area size of the foundation is the same as the main floor. It does not mean the basement is finished, as this is indicated in another section.

Unfinished basement
Unfinished basement

Other options for the basement category are: crawl, slab, half and 3/4. Real estate professionals should be able to point out the differences, benefits and shortcomings, of each type of basement construction.

Square Feet: I’ve had clients try to add up all the room measurements of a listing, and come to the conclusion that the 1,200 ft home is really just 850 square feet. While they are correct, this is not how buildings are measured and advertised.

The proclaimed total square footage of a house is the OUTSIDE measurements which includes all 4-season living space, excluding the garage. It includes ONLY the areas above ground, so for example the main floor, second floor and third floor if there is one. It does NOT include the basement, UNLESS there is a crawl space under that part of the basement.

For further explanation, see this article on how homes are measured. and remember that different provinces and states might have different rules.

Garage

Garage – AT or DT. This refers to the car garage which can be either attached or detached. Confusion here sometimes as an ‘attached garage’ might be physically attached, but not have a direct door leading into the house.

S/S: Showings Start date. NO showings can occur BEFORE that date

OTP: Offer To Purchase date. That the is FIRST date when offers can be considered.

In addition to the above listing terms, you will probably come across many of the next acronyms used by the listing agent in their advertisements

Real Estate Acronyms

A/C or C/Air: Central Air Conditioning

APPL: Appliances (personal property)

ATT or DT: Attached or Detached also refers to single-family home vs. attached home.

CLG: Ceiling

C/Vac: Central Vacuum

CC: Clothes Closet or possibly “WICC” as in Walk-In Clothes Closet

AT/2 or DT/2: Attached double or detached double (as in garage)

EE and HE: Energy Efficient and High Efficient

F/Fin: Fully Finished

HWFS and HWDS: Hardwood floors and simply Hardwoods

S/S or SS indicating stainless steel (as in appliances)

WDW: Windows

WDWK: Woodwork (as referring to baseboards and window casings)

Im hoping that this list of most common terms is of great value to you.

If you’re thinking of buying a house or a condo in Winnipeg, call me for a free buyer consultation. There is a lot of information which is difficult to convey in a blog post but I’d be happy to discuss in person.

Confused our stumped by other real estate listings abbreviations?  Ask me in the comments, or email me anytime

Bo Kauffmann of Remax performance realty.

 

Below is the audio version of my popular post : Closing Costs When Buying A House Or Condo In Winnipeg.

Let’s see some real listings

 

If you’re thinking of buying a home, please be sure to check out “Buying a house or condo in Winnipeg; 6 important steps”

 

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Sky Waterfront Condos in Winnipeg Exchange selling your home

Sky Waterfront Condos in Winnipeg Exchange

Spotlight on: Sky Waterfront Condos

Located along scenic Waterfront Dr. in Winnipeg, we find the this very special condo project. The Sky Waterfront Condos.  This modern, all concrete building offers many amenities along with its central location.  Close to the baseball park, the new Human Rights Museum and theatres, in the East Exchange District.

Year Built:  ca. 2009

Sky Waterfront Condos
www.janinanicolephotography.com

Total Condos:

Sky Waterfront Condos are made up of 112 condos in 1 building.  There are 2 sections to this building, one being 5 storeys tall, the other 7 storeys.  Totally connected, each section also has its own elevator.  Units range in size from 809 sq feet for a 1 BR plus den, to larger units of 1600 sq feet.  There is even a 2,000 sq ft unit as well.  Note, the 1 BR plus den could actually be called a 2-BR unit: even though the ‘den’ does not have a window, it is equipped with a sprinkler system.

Condo Restrictions:

Just the usual condo-restrictions, such as “No Laundry to be hung from the balcony” etc.  Pets are allowed, so long as they don’t pose a nuisance to other owners.  Owners are allowed to rent out their suites, however must put up a $1,000 leasing levy to assure that their tenants abide by all rules.

Property Taxes

Gross Property Taxes range between approx. $2900.00 per unit to $6000, depending on size.  Of course, as an owner who actually lives in their unit, you would qualify for the Provincial Home Owners Assistance Rebate, similar to when you own a house.

Condo Fees

Condo fees range between $250 and $500 per month, which includes snow removal, property maintenance, water and management fees.  Owners pay for their own hydro, telephone, and cablevision.

sky waterfront condos
www.janinanicolephotography.com

Laundry and Parking

All units have their own insuite laundry, and most have an underground parking spot, although a few include an outdoor spot.

Amenities of Sky Waterfront Condos

Sky Waterfront Condos in Winnipeg Exchange selling your home

This building has some very nice amenities, including a spacious fitness room, a residents lounge with TV, kitchen and pool table, and a nice rooftop patio with gorgeous views of the river and downtown. Suites include central air and furnace.

[show_nearby_places place_id=’4′]

Location of Sky Waterfront

Very central location, right on Waterfront Dr, this condo is close to the theatre district, the ballpark, the Canadian Museum of Human Rights and much more.  You’ll find restaurants close by, in the Exchange District of Winnipeg.

Sky Waterfront Condos in Winnipeg Exchange selling your home

Prices

During the 2 yr period of 2016-17, condos at Chimney Ridge have sold for between $237,000 (for an 800 ft 1-BR) and $412,000 (for the 1555 multi-level unit) (MLS® stats)

If you’re in the market to buy a condo, whether at Sky I Waterfront Condos or anywhere else, please contact me anytime….   “Bo Knows Condos

If you’re thinking of selling your condo, anywhere in the city, please contact me anytime.

Direct Cell  204-333-2202  or email me at [email protected]

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Never miss an episode of our real estate podcast. Install our FREE Podcast App available on iOS and Android. For your Apple Devices, click here to install our iOS App. For your Android Devices, click here to install our Android App. Check my videos on Youtube

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Common Roofing Problems & How To Fix Them selling your home

Common Roofing Problems & How To Fix Them

Roofs represent one of the 5 main parts of a home: foundation, windows, plumbing, electrical and the roof. Preventative Maintenance is actually quite cheap, but fixing a roof that has gone to disrepair can present serious problems. Spotting problems is not always easy: even great looking shingles can hide some defects. Home inspections are advised, and hiring a good roofer is important. Call me for a referral.

8 Super Tips For Selling Your Home With Pets selling your home

8 Super Tips For Selling Your Home With Pets


I think you would agree with me that selling your home with pets presents a special challenge.  Personally, I am a pet lover, but not everyone shares our love and affection for our four-legged friends.  Here are some tips to help you overcome this special obstacle.

When you are selling your home you need to make sure that everything is perfect when people come to visit.  Open houses are especially important because you will have many people coming into your house but you need to always be ready to show your home.  If you have pets there are even more things to keep in mind besides cleanliness and organization.

Here are some tips to keep in mind when selling your home with pets:

  • Make your agent aware of the presence of pets.  If you have pets in your home and they will be staying while you are showing your house, it is important that your agent is aware of them.  Your agent should be the first one that knows about them – not the potential buyer!
  • Have pets stay somewhere else while you are selling.  The best way to deal with pets while you are selling your home is to have them stay at a friend’s house.  This will guarantee that your pet will not escape or startle potential buyers.
  • If you can’t have them stay somewhere else, have pets properly secured.  Larger pets should be secured outside whenever possible and smaller pets should have a pet kennel inside the house.  Shutting pets in a room is not an option because visitors will want to see every room in the house.  Do not assume that because it is a small animal, like a cat, that it is safe to let them roam free around the house when there are visitors that want to buy your house.  They could accidentally get out or the visitor may have allergies, so it is safest for your pet and your visitors to secure them in a kennel.

    8 Super Tips For Selling Your Home With Pets selling your home
    Selling Your Home With Pets can present a special challenge.
  • Hire professionals to remove stains or replace the carpets.  Many animal stains (like urine) cannot be removed so it is best to have carpets replaced if you want to sell your home.  Just another challenge when selling your home with pets.
  • Remember that concrete and hardwood absorbs smells so if there is urine stains, removing the carpet may not be enough.  There are special cleaners for concrete that will remove stains and smells and a professional cleaner can make sure that it is done properly.
  • Make sure there are no other pet odours.  If you have small animals like rabbits, hamsters, or lizards, make sure cages and tanks are cleaned thoroughly.  Cat litter boxes should be cleaned daily, or several times a day if you have more than one cat.
  • Have a friend come over to inspect the place with fresh eyes (and a fresh nose!) before you begin to show your house.  Choose someone that does not have pets and does not come over to your house often and they will be able to pick up on smells and sights that you are used to and might overlook.
  • Open windows whenever possible.  There’s nothing better than the smell of fresh air to get rid of the stale smell of a closed up house with pets.  You can make the house smell enticing with other scents like fresh cooking (try baking a batch of cookies before an open house!).  Be careful about using artificial scents like room sprays though – remember that some people have allergies.

 

Follow these tips and you’ll improve your chances of NOT becoming an expired listing.


Our Latest Web-Stories

Never miss an episode of our real estate podcast.

Install our FREE Podcast App available on iOS and Android.
For your Apple Devices, click here to install our iOS App.
For your Android Devices, click here to install our Android App.

Check my videos on Youtube

Check out our Podcast