Archive for Realtor® Speak 101

Realtor® Speak 101: Home Inspections

Inspect your home, protect your purchase. Home inspections are a no-brainer. Yet, time and time again, I hear about buyers who try to save a few dollars and wind up with a mess that could have been prevented. A home inspection is not meant to be a guarantee, but it will give you a lot [...]

Realtor® Speak 101: Pre-Approval

What good is a pre-approval…and why are agents always trying to make me get one? If you’ve been in contact with a real estate agent lately (or even spent some time on a real estate website), you’ve probably seen a lot of talk about “getting pre-approved” or “you need a pre-approval.” A pre-approval is vital [...]

Realtor® Speak 101: Abbreviations

We Realtors® use a lot of abbreviations. It used to be that our MLS (Multiple Listing Service) was nothing but abbreviations. Want to know if the house has smoke alarms, well then you need to know “SMKALM.” Lucky for us here in San Antonio, when we moved to our new MLS system, it did away [...]

Realtor® Speak 101: “HUD Homes”

What is a “HUD Home?” Recently several people have asked me what a “HUD Home” is and how it becomes one, so I thought I’d take a few minutes to explain (and begin a series which I call “Realtor® Speak 101″). A “HUD Home” is defined by The Department Of Housing And Urban Development (HUD) [...]