Know the Meaning of Those Real Estate Terms
Yeats, Mike, Cromie, Mike, Daily Herald (Arlington Heights, IL)
Byline: Mike Yeats & Mike Cromie
We use acronyms everyday. IOU, TGIF, NASA and others have become a part of our language because they simplify communication by shortening lengthy phrases or titles.
As you go through the home buying or selling process, you'll run across acronyms commonly used in the real estate industry such as MLS, FSBO, PITI. However, unless you are familiar with the terms, they are just letters with no meaning. Here's an explanation of some of the more commonly abbreviated words you may see or hear.
FSBO: For Sale by Owner. This term is commonly used in the real estate industry when referring to a property in which the homeowner …
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Publication information: Article title: Know the Meaning of Those Real Estate Terms. Contributors: Yeats, Mike - Author, Cromie, Mike - Author. Newspaper title: Daily Herald (Arlington Heights, IL). Publication date: June 29, 2003. Page number: 13. © 2009 Paddock Publications. COPYRIGHT 2003 Gale Group.
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