Follow these tips to help you get the best deal when buying a house.
If you find yourself stumbling over weird acronyms in Real Estate listings, don't worry. There is a method to the madness of this shorthand (which is sellers use to save money in advertising charges). Here are some definitions that may help:
assum. fin.: Assumable financing.
gar: Garage (garden is usually abbreviated "gard").
expansion pot'l: Expansion potential. There may be extra space on the lot, or vertical potential for a top floor or room addition. Verify actual potential by checking local zoning restrictions prior to purchase.
fab pentrm: Fabulous pentroom. A room on top, underneath the roof, that sometimes has views.
FDR: Formal dining room (not the former president).
frplc, fplc, FP: Fireplace.
grmet kit: Gourmet kitchen.
HDW, HWF, Hdwd: Hardwood floors.
hi ceils: High ceilings.
in-law potential: Potential for a separate apartment. Sometimes, local zoning codes restrict rentals of such units, so be sure the conversion is legal.
large E-2 plan: This is one of several floor plans available in a specific building.
lsd pkg: Leased parking area; may come with an additional cost.
lo dues: Find out just how low these homeowner's dues are, and in comparison to what?
nr bst schls: Near the best schools.
pwdr rm: Powder room or half-bath.
Upr: Upper floor.
vw, vu, vws, vus: View(s).
Wow! Better check this one out!
Resources: "Real Estate's Ambiguous Language You Oughtta Understand," Glennon H. Neubauer, Ethos Group Publishing, Diamond Bar, CA; 1993.