Let’s start with a simple one. When you’re taking to a realtor or looking at a listing and see something like this, “2B/2B,” you might be left at a loss. Don’t worry, the first number and letter simply tells you the number of bedrooms a home has, and the second clues you in to the number of bathrooms. Keep your eye out for additional bathroom details too. Full bathrooms contain a toilet, a sink, and a tub, while three quarter bathrooms include a shower in place of the tub and half bathrooms don’t have a shower or a bath.
“Closing costs” is another important term to know. It refers to all of the expenses that must be paid by the buyer and the seller after the deal is complete. It generally includes brokerage commission, escrow, transfer taxes, and more. It is up to you to take the time to learn these and other terms for an all around better experience with Minnetonka realtors.
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