Friday, October 4, 2019 / by Vanessa Saunders
If you think APR means Always Paying Rent, you need to read this.
I was in a back-and-forth email conversation with a seller’s agent concerning an offer I was trying to make on behalf of my buyer client. She said she would be sure to “follow-up” with the response of the seller by email. Granted. it was a somewhat low-ball offer, but I was initially startled when the return email’s subject line said simply, “FU.”In real estate, the world of abbreviations and acronyms frequently draws questions about meanings among realtors and blank looks from buyers and sellers as we start to automatically reference letters from the alphabet, from AO (“acceptable offer”) to ZB (“zoning board”), CMA (“comparative market analysis”), and CO (“certificate of occupancy”).
Below are a few acronyms anyone buying a house should know. For a more complete list, go to Real Estate ABCs.