Real Estate Lingo

Even if you’ve purchased a home before, you may still find the
terms and acronyms used in the real estate industry a little
baffling. What in the world does “4B/2B” mean anyway? Here’s
a quick list that will help you get a handle on the most common
lingo you’re likely to come across.

FP. Fireplace. It might also indicate type. For example, FP-gas.

DK. Deck.

4B/2B. The first number refers to bedrooms; the second,
bathrooms. So, in this case, there are four bedrooms and two
bathrooms. (Sometimes the letters are left out, so you might
see “4/2” in a property description.)

HDW or HWF. Hardwood floors.

In-law potential. This refers to a basement or other section of
the house that can be converted into a separate apartment.

MLS. Multiple Listing Service. This is a service that provides its
members, primarily REALTORS®, with detailed information on
all the properties for sale in the area.

Closing costs. These are the additional costs that are due from
the buyer upon closing and often include lawyers fees, land
transfer tax, and other costs.

AC or A/C. Air conditioning.
WD or W/D. Washer/Dryer.
Fin W/O. Finished walkout.

Of course there are many other buzzwords and acronyms you’re
bound to come across when you shop for a home. Don’t be
afraid to ask what they mean.
Interested in more tips on how to make your home hunting
experience go smoothly? Call today.