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How to Read the MLS Property Report--A Guide for Charlotte NC Home Buyers (Part 4)

How to Read the MLS Property Report—A Guide for Charlotte NC Home Buyers (Part 4)

If you are a Charlotte NC home buyer, you will want to understand the wealth of information you can get from the Multiple Listing Service (MLS) property reports that your real estate agent gives you. This guide will lead you through a property report and make you a better-informed home buyer. Part 1 covered the basic property information found at the top of the report. Part 2 addressed what you should know and what you should investigate if the report indicates that the property is subject to a Home Owners Association (HOA). Square footage, including heated area and unheated area, was covered in Part 3.

How to Read the MLS Property Report—A Guide for Charlotte NC Home Buyers (Part 1)

How to Read the MLS Property Report—A Guide for Charlotte NC Home Buyers (Part 2)

How to Read the MLS Property Report—A Guide for Charlotte NC Home Buyers (Part 3)

Once you have identified the size or square footage of the home you’re researching, it’s helpful to know how that square footage is arranged into rooms. The MLS property report lists the home’s rooms on each level of the house as well as the number of full and half baths and where they are located.

Charlotte NC home buyers often ask if the report lists room sizes. Unfortunately, it does not. Homes are measured around the outside to determine square footage.

Do you know how a bedroom is defined in the MLS property report? Some homes listed as a four bedroom house may not really have four bedrooms under the definition sanctioned by the Multiple Listing Service. Here’s the definition of a bedroom: a bedroom should be at least 80 square feet (or roughly 8’x10’), accommodate typical bedroom furniture, have permanent or fixed clothes storage, have an emergency egress in the form of an operable window or door, and be directly accessible from other living area by a door. If a bedroom is only accessible through another bedroom, it should not be called a bedroom.

What is the difference between a full bath and a half bath? A full bath is a finished bathroom that has either a shower or a bathtub. A half bath does not have a shower or a tub.

What is a bonus room? There is no official MLS definition of a bonus room but in common usage, it is an extra room without a closet. Usually the bonus room is located over the garage area of the home. A bonus room is typically larger than the secondary bedrooms in the home. If the bonus room has a closet, it can be called a bedroom as long as it meets the other criteria in the bedroom definition. In the MLS report, you will see 4th Bedroom/Bonus, 5th Bedroom/Bonus, etc., indicating rooms that can be either a bonus room or a bedroom.

Want to know more about buying and selling real estate in Charlotte NC? Visit www.CarolinaSmallTownLiving.com.

Copyright 2011. Carol Fox. Allen Tate Realtors. *How to Read the MLS Property Report—A Guide for Charlotte NC Home Buyers (Part 4)*

Posted: Saturday, June 18, 2011 1:51 PM by Carol Fox

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