what is tlc in real estate

Best answer


渢ender loving care

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  • What does the acronym TLC mean in real estate ads?

  • Real-estate ads often contain clues about the size and condition of a home. The acronym TLC, which stands for 渢ender loving care,?is one such clue. An ad that states the home needs TLC warns buyers the home is a fixer-upper and needs repairs.

  • What does it mean when a house needs TLC?

  • Simply saying a house needs TLC in the listing does not mean it meets the definition of being sold as is, or change the legalities of hidden defects or other issues with a house. Ask your real estate broker or a lawyer if you檙e not sure how a house is being sold and what your rights are in your state.

  • What does TLC mean when buying a fixer upper?

  • In real estate, TLC is short for tender loving care. Benefits of Buying a Fixer-Upper A fixer-upper can be an excellent value if the renovations it needs are mostly cosmetic ones that don’t require expensive repairs to the home’s major systems and structures.

  • What are the risks of buying a home that needs TLC?

  • The primary risk of buying a home that needs TLC is that you’ll be stuck with more work and expense than you bargained for. It’s also possible to get carried away with your renovations and do such a great job that your upgrades are above the norms for your neighborhood.

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