One of the most confusing examples of jargon that people encounter when buying or selling a home is NRTC. So what does this actually mean?
Literally NRTC means Not Represented To Code. This is used most often when describing a wood burning or gas fireplace or a wood stove.
The Buffalo/Niagara Board of Realtors and the Bar Association decided many years ago that they would always utilize this phrase as boiler plate in a contract of sale because even if a fireplace is safe to use, it could potentially be out of compliance with the current building code in a particular township. For instance, the firebox dimensions have changed over the years.
Fireplaces that are checked and maintained regularly may actually be out of conformity with current building code. Although these are totally safe to use and documented as such, they do not comply with code.
To protect sellers and realtors, this NRTC phrase came into use nearly three decades ago.
One of the many conversation we have with out clients is “How to get your House Ready to Sell.” In part of one of this series, we talk about the best one thing to do to get your house ready to sell.
In the video Michael Olear discusses the one thing he tells most sellers to do when he discusses how to get your house ready to sell. In WNY most people use their side door or rear door to enter or leave their house. However, most homes we’re built with front entry in mind and this is the best method of entry when selling a house.
Old metro newspapers laying around, spider webs, holidays lights, dirt and worn out paint are all detriments. Be sure to freshen up / paint the door, trim and clean up as well.
A buyers first impression begins here, so it’s critical to start off on a positive note. NAR cost vs benefit study identifies the front entry as always returning over 100% of investment.
Watch part 1 of our video series with Michael Olear below:
Michael Olear, a licensed real estate broker from The Olear Team at MJ Peterson Real Estate, will host a spring home seller seminar at 11 a.m. Saturday, March 16, in the Hyatt Place-Amherst, 5020 Main St., Amherst.
Topics to be covered include:
How to achieve maximum value in the shortest period of time.
Selling your house “as is.”
Stimulating multiple offers.
How to sell and buy at the same time.
What upgrades give you the highest return on investment.
How to obtain bridge financing.
Items a home inspector look will look at.
How do you make sure your buyer is qualified.
Light refreshments will be served. To reserve a seat, please call 880-4442 or email [email protected].
