Having worked in a couple of different industries I have come to realize that the lingo used in a particular field can be confusing.
This is especially true in REAL ESTATE, which seems to have more than its share of ABBREVIATIONS, ACRONYMS and HARD TO DECIFER WORDS that no doubt cause tremendous confusion for buyers and sellers.
I also find that real estate practitioners tends to use this REALESTATE-ESE far too often, without considering that consumers may have no clue what we are talking about. And I think agents often, mistakenly, assume that buyers or sellers know what we are saying but may be too embarrassed to ask.
And you might even be made to feel STUPID because agents are throwing out words that have no meaning for you.
WE KNOW but YOU DON’T!!
All this has prompted a new series of posts on some of the common lingo you will find in your real estate transaction and that you should know about and understand. And you may find that some of this is region-specific (like MELLO ROOS here in California).
While I plan to cover the common stuff, if there are words or abbreviations that confuse the heck out of you let me know and I will do my best to explain.