Southeastern Michigan real estate explanations

Here are some Southeastern Michigan real estate explanations. This should help you read listings whether you are a first time homebuyer or an experiencedMichigan homebuyer.

BATVAI – Buyers Agent To Verify All Information

HUD homes – FHA homes that have gone into foreclosure

REO – Real Estate Owned by banks

ROI – Return on investment

MLS – Multi Listing Service – the organization that Realtors list homes through – the company that puts all the listings out on the internet for buyers to look at.

A/C – Air conditioning

BDRM – Bedrooms

A/C – Air Conditioning

WIC- Walk in Closet

FP – Fire place

LBP – Lead Based Paint

EMD – Earnest Money Deposit

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Short sale – should be called long sale. Where a seller is trying to sell a home for less than what they owe, They must get the banks approval to do so.

If you have any other abbreviations or questions feel free to call me or email me. Cell 248-310-6239 or Yesmyrealtor@gmail.com

LATPAO – Listing Agent To Present All Offers

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