As I work daily in real estate in I see more and more Real Estate Acronyms and Abbreviations.
Here are some I have lots of my clients ask me for clarification
SSMUH
Small Scale Multi-Unit Housing this is used to describe a range of buildings and housing units such as: secondary suites in single family dwellings, triplexes and more
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ADUs
Assessory Dwelling Units (ADUs) part of a big focus of new goals to increased housing in BC are dwelling units such as garden suites or laneway homes
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FHSA
First home savings account (FHSA) which is a special registered plan that subject to qualification could be a great first step for you as a first time buyer. See your local bank
RHFP
Regional Housing First Program (RHFP) is the acronym for a new program to increase the creation of affordable rental housing, including addressing the needs of people experiencing homelessness in Greater Victoria.
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PPT
Property transfer tax (PPT) When you purchase or gain an interest in property that is registered at the Land Title Office, you or your legal professional must file a property transfer tax return and you must pay property transfer tax, unless you qualify for an exemption.
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My clients tell me that an important part of buying and selling real estate is understanding the process and the documentation so they know what they are doing. I do my very best to help education my clients as much as possible so much so that I have created eGuides for people who choose to work with me to help make the process of buying and selling easier. These are not 10 steps guides full of simple ideas, and marketing about me, they are important information you need to know.
If you would like to learn more about how I serve my clients in buying and selling real estate please contact me here to book a time for an introductory free consultation.
Sincerely,
David Hennessey
REALTOR®
eXp Realty
604 626 8903
