What Are All These Real Estate Abreviations?

WTH? IDK? LOL? OMG? LMAO?
BY: ALLISON ARRAUT

So the other day I spent a week trying to figure out some health insurance billing and if you have not looked at those recently, everything is abbreviated. I thought to myself, how am I supposed to understand this stuff, I am not a doctor nor do I specialize in insurance. It then dawned on me that we do similar things in real estate. We know what we are talking about, but I bet there are people out there that don’t so I thought I would come up with a “cheat sheet” so that your eyes won’t glaze over again the next time you are speaking to or reading something from a realtor….

 

CMA = comparable market analysis used by the realtor to determine the value of a property.

HOA= is a Home Owners Association

POA= power of attorney

DOM= days on market

LOI= letter of intent

TD = termite/dry rot

FSBO= for sale by owner

REO= real estate owned (bank foreclosure)

JV= joint venture

NOI= net operating income

PIT= principal, interest and taxes

PUD= planned unit development

MLS= multiple listing service

WONDER IF ANYONE IS READING THIS

ARM= adjustable rate mortgage

IRR= internal rate of return

APR= annual percentage rate

LTV is Loan to Value

POF= proof of funds

R = realtor (pronounced real tor, NOT real a ter)

 

Here are some abbreviations that you will see on a listing detail sheet

 

MBR= master bedroom

LR= living room

BR= bedroom

BA= baths

DR= dining room

OV= ocean view

OO= owner occupied

LA= listing agent

LO= listing office

SO= selling office

SA= selling agent

DW= dishwasher

R/O= range oven

MW= micro wave

WD= washer dryer

AC= air conditioning

3/4 bath has a shower stall

1/2 bath is sink and toilet

 

CFE is our electric company (Comision Federal de Electricidad)

Our titles here are called Fideicomiso when owned by a foreigner and Escritura when

        owned by a National

Muni is our city (Municipio – Municipal)

BTW, there are many, many more.

By Allison Arraut, GRI, CRS , Windermere Realty, Mex cell (624) 122-5890, US cell (619) 396-3122, allisonarraut@mac.com.