Buyers
Acronyms
Sellers
Real Estate in Numbers
100

First step to getting ready to find a home.

What is Pre-Approval for a loan?

100

FSBO

What is For Sale By Owner?

100

This is the best way to ensure your home will sell.

What is CALL ME?!

100

$575,000

What is the Median Price in the region in June 2021?

200

During this time, you can visit a listed home without an appointment.

What is an Open House?

200

MLS

What is Multiple Listing Service?

200

Residential Listing Agreement 

What is the form a seller signs in order to list their home?

200

$25,865

What is the average amount that buyers paid over list price in May 2021?

300

With this signed document, a Realtor can negotiate on a buyer's behalf.

What is buyer agency?

300

ROI

What is Return on Investment?

300

Doing this can increase your net proceeds by 3-10%

What is Staging?

300

102%

What is my Average Sale to List price in the last 12 months? 

400

These funds are held in a trust account until closing day.

What is earnest money?

400

RPA

What is Residential Purchase Agreement?

400

You were single when you purchased a property. Today you are planning to sell the property as you are married but separated. Who signs at closing?   

Who are you and your spouse?

400

15.9%

What is the typical down payment in 2021(vs. 9% in 2007)?

500

The agent whose name is on the sign represents this person.

Who is the seller?

500

CMA

What is Comparable Market Analysis?

500

Renegotiating the purchase price, a meet in the middle or the buyer brings the difference in case

What are the three things that can happen if an appraisal comes in low?

500
$9

What is the price of lumber in recent months? 


$3.00 pre pandemic and current is $5.68

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