Mr. and Mrs. Buyer had searched the MLS by visiting our IDX website. They found a 4/2.5/3 CBS SFH with the SF they had hoped for and it included LR, FDR and a FR complete with HWF and FP. Relocating from a cold climate, the buyers were thrilled about the FP! Better yet, the heated I/G PL was an unexpected bonus! We shared that the home was in a PUD and informed them of the mandatory HOA. Knowing the home would not last long due to reported average DOM for Hernando County, our very excited customers put in a full price offer, complete with POF and a pre-approval letter showing they were qualified CONV buyers. To their delight, their offer was accepted by the seller!
Having identified the perfect SFH, Mr. and Mrs. Buyer setup another appointment with the lender where they had obtained their pre-approval letter prior to house-hunting. At that time, they had also discussed DTI, PMI, PITI, LTV, AMC, and the CD. As one of the buyers might need to be out of the country on business at the time of settlement, they also discussed the need for a possible POA. The buyers quickly contacted the ASHI Inspector and WDO Inspector they chose to get the inspections scheduled, moving the transaction forward.
With the help of THE Gail Spada TEAM’s three REALTOR® members, Gail Spada, Tina Schneegas and Nancy Brunette (also HCAR, MFRMLS, FAR and NAR members), we’re able to help buyers and sellers navigate thru the confusing and complicated process. Check out our list to learn some of the real estate acronyms that are used by REALTORS® daily.
| 4/2.5/3 | 4 Bedrooms, 2.5 Baths and 3 Car Garage |
|---|---|
| AMC | Appraisal Management Company |
| ASHI | American Society of Home Inspectors |
| CBS | Concrete Block Stucco |
| CD | Closing Disclosure |
| CONV | Conventional |
| DOM | Days on Market |
| DTI | Debt to Income Ratio |
| FAR | Florida Association of REALTORS® |
| FDR | Formal Dining Room |
| FP | Fireplace |
| FR | Family Room |
| HCAR | Hernando County Association of REALTORS® |
| HOA | Home Owner’s Association |
| HWF | Hardwood Floors |
| IDX | Internet Data Exchange |
| I/G PL | Inground Pool |
| LR | Living Room |
| LTV | Loan to Value |
| MFRMLS | Mid-Florida Regional Multiple Listing Service |
| MLS | Multiple Listing Service |
| NAR | National Association of REALTORS® |
| PITI | Principal/Interest/Taxes/Insurance |
| PMI | Private Mortgage Insurance |
| POA | Power of Attorney |
| POF | Proof of Funds |
| PUD | Planned Unit Development |
| SF | Square Footage |
| SFH | Single Family Home |
| WDO | Wood Destroying Organism |
Thinking of SELLING or BUYING a home in the Spring Hill, Brooksville, Weeki Wachee or the Hernando Beach areas of Hernando County, Florida? Explore our state-of-the-art, MLS Map Search Feature where BUYERS can SEARCH MLS listings and SELLERS can SEE what their competition is doing!
Until then… it’s all about YOU!