Tuesday, January 22, 2013

Inside Real Estate: Decoding information in Navica MLS listings: Details


When I send my buyers a list of properties from the Navica MLS system, they see lots of information about the property. If it is about a house, here is some of the information that will be shown:

FRONTS: The front side of the house faces this direction. It can north, south, east, or west, or diagonal. Some people have preferences for houses to face south so the snow will melt off the driveway. Some people want the house to face west so they have a shady backyard in the evenings.PARCEL #: The parcel number mentioned at the Mesa County Assessor’s Office.

SELLER NAME: This must be the seller’s actual last name, not just the owner, so the person/s who legally own/s the property. Sometimes it just says "Owner" so the seller has some privacy.

SELLER LICENSED: If the seller is a real estate broker, he or she may have an unfair advantage when selling the property, so they must disclose to the potential buyer that they have a license to work in real estate.

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