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Jason Wilcox has been a licensed realtor in the Commonwealth of PA since 2016 and has been affiliated with Coldwell Banker Real Estate Services since starting his career in real estate. During this time, he has helped many families all throughout Western PA buy or sell their home, as well as working with investors to maintain their rental portfolio. In addition to serving as a full time real estate agent, Jason also serves part time as the Director of Music and Worship for Bethel Presbyterian Church. Jason currently resides in Canonsburg, PA with his wife, Lindsay, and their two cats, Mali and Rosie
Episodes
Thursday May 16, 2024
Ep204 The ABC's of Real Estate
Thursday May 16, 2024
Thursday May 16, 2024
If you have listened to this podcast for long enough, you know that it’s no secret that Jason will many times use acronyms that might leave you scratching your head asking yourself, “What the hell does that acronym stand for?!” Well, you’re in luck, because today, we breakdown and explain what some of the top acronyms in the real estate world stand for so you can be more educated the next time you go to buy/sell a home!
TALKING POINTS (3-5):
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Introduction
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Real Estate AcronymsReal Estate Associations:
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NAR (National Association of Realtors)
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PAR (Pennsylvania Association of Realtors)
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RAMP (Realtors Association of Metropolitan Pittsburgh)
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MLS (Multiple Listing Service)
Real Estate Terms:
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CMA (Comparative Market Analysis)
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BPO (Broker’s Price Opinion)
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BRI (Buyer’s Reply to the Inspection)
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CTA (Change in Terms Addendum)
Lending Terms:
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LTV (Loan-to-Value)
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APR (Annual Percentage Rate)
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DTI (Debt-to-Income Ratio)
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PITI (Principal, Interest, Taxes, & Insurance)
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ARM (Adjustable-Rate Mortgage)
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PMI (Private Mortgage Insurance)
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FHA (Federal Housing Administration)
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VA (Veteran’s Affairs)
Miscellaneous Terms:
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ARV (After Repair Value)
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CC&R (Covenants, Conditions, & Restrictions)
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POA (Power of Attorney)
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REO (Real Estate Owned)
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Final thoughts
HASH TAGS:
#acronyms
#abc
#123
LINKS:
JASON:
CONTACT INFORMATION:
JASON:
Cell Phone: 412-651-4638
AIR DATE: MAY 17, 2024
Version: 20240731
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