What is YNUR in a real estate listing description? Is it a cool new acronym that everyone’s talking about? Well… sort of, depending on what “cool” means to you. YNUR is an RMLS field designation indicating that a condominium-related feature or...
What is deeded storage? Is it a more intense form of storage? Yes and no! Deeded storage refers to a storage unit that is legally owned as part of a property’s real estate interest. If a storage unit associated with a condominium is not deeded, it is usually...
What is a one-time capital improvement contribution? Thanks for asking! This “contribution” is a fee that a buyer pays when purchasing a unit in a condominium, homeowners association (HOA), or planned community. This fee is not always part of a purchase...
What is a condominium storage tax? Is it just another fun way to pay more taxes? The answer is: kind of! Condominiums often have storage units, and these units may be legally part of the condominium itself, not a separate property that can be bought or sold...
It doesn’t feel reassuring to see a real estate listing advertising a 1.5 bath condo, and then see in the property details that there are “1.1 bathrooms.” This is frequently confusing for buyers, and is something real estate agents have to clarify...
