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Frequently Asked Questions and Other Information . . .
Frequently Asked Questions
Definitions
Links to Useful Sites
Frequently Asked Questions
- What is a (House Style Here) House?: Ranch / Bi-Level / Split-Level / Tri-Level / 1 1/2 Story / Bungalow / Modular / Two Story
- Do you have rental property?
- Does your property have lease with option to buy?
- What is a 1/2 Bath? (or other style/number)
- Do you sell farm and ranch land?
- What do the numbers in the room count mean?
- What are discount points?
- What are closing costs?
What is a (House Style Here) House?: Ranch / Bi-Level / Split-Level / Tri-Level / 1 1/2 Story / Bungalow / Modular / Two Story
- Here is a list of definitions of house styles:
Ranch: A home design that has all living functions available on the main floor - Most have basements.
Bi,Split Level: A raised ranch, with split foyer type of entry, that has all living functions available on main floor.
Tri,Quad Level: Tri-level is a multi level home that has living functions (relaxing, eating, entertaining) on main floor and usually sleeping on another level and family functions as well as additional bedrooms on another. A Quad-Level home is like a tri-level with a 4th level deep basement.
One and One-Half Story: A two story home which has one-half height second floor walls, and ceilings that follow the roof line.
Bungalow: A small ranch style with no eaves (overhanging lower edges of a roof).
Modular: A Pre-engineered and pre-assembled style of home.
Two Story: A design that has a full height wall on the 2nd floor.
Do you have rental property?
- Western Nebraska Real Estate itself does not manage rental property. However, we would be glad to provide you with a list of rental property managers in the city of Alliance. Simply contact us and we can mail, e-mail, or fax you a copy. (Stopping in the office will do just fine, too.)
Does your property have lease with option to buy?
- Most sellers do not wish to lease option their property.
What is a 1/2 Bath? (or other style/number)
- A full bath has a stool, lavatory, and tub (with or without a shower). A one-half (1/2) bath has a stool and lavatory. A three-fourths (3/4) bath has a stool, lavatory, and shower. SOT means "Shower over tub."
Do you sell farm and ranch land?
- We do sell farm land; both dry and irrigated. We also sell smaller tracts of grass land, but we do not sell ranches.
What do the numbers in the room count mean?
- Where the room count reads x \ y \ z, the letters mean the following:
x: Total number of rooms above ground, excluding bathrooms.
y: Bedroom count
z: Bathroom count.What are discount points?
- Points are prepaid interest paid to the lender to lower the interest rate. They are paid at closing time and are negotiable between buyer and seller.
What are closing costs?
- There are certain costs involved in any real estate transaction: Documentary stamps, termite inspection/treatment, document prepartion fees, title insurance, flood certification fees, recording fees, and others. Lenders also have their own closing costs in addition to those those already mentioned: origination fees, discount points, processing fees, commitment fees, etc.
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Western Nebraska Real Estate wnre@wnre.com 323 Niobrara Ave. - P.O. Box 756 Alliance, NE 69301-0756 (308)-762-2244 |
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