Real Estate Lingo Explained
A: Check out this great post I saw on Matrix today that explains to the general public all the real estate babble that us brokers use to describe apartments in New York City. Be sure to watch the short video clip when the reporter goes out into the streets of NYC to test out what New Yorkers really know about real estate lingo!
In A Nutshell
Some basics
1. frplc, fplc, FP = fireplace
2. gar = garage
3. HDW, HWF, Hdwd = hardwood floors
4. hi ceils = high ceilings
5. MLS = Multiple Listing Service
6. vw, vu, vws, vus = view(s)
7. FDR = formal dining room
8. HVAC = Heating, Ventilation, and Air Conditioning
Is it really worth abbreviating?
1. expansion pot'l = expansion potential
2. grmet kit = gourmet kitchen
3. assum. fin. = assumable financing
4. nr bst schls = near the best schools
5. fab pentrm = fabulous pentroom
6. q pos= quick possession
OMG
1. Wow! = better check this one out.
2. lo dues = low dues
3. FROG = finished room over garage
4. OWC = owner will compromise
Warning!
1. close to or convenient to = a lot closer than you would want
2. compact = tiny
3. mature garden = needs an industrial weeder
4. intimate = claustrophobics
5. TLC = wreck
6. interesting or unique = shag carpeting and a floor plan designed by Dr. Seuss
I can't believe the dog didnt know that WBFP means 'Wood Burning Fireplace'. I mean, if it was my chocolate lab Stella (who never barks!) she would say that this is the thing she sleeps in front of when we go to Uncle Lex's house in Vermont!
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Comments (2)
great idea! i LOVE the warnings!!! great blog....keep it up!
Posted by justiNYC | March 4, 2006 4:50 AM
Don't forget:
DCFPL - Decorative fireplace - as in "it looks nice but hasn't worked in ages!"
and
Cozy = Tiny, miniscule, probably under 300 square feet!
Posted by Toes | March 10, 2006 6:58 PM