The type of a property. A property type is specified by a property selector.
The Triangle MLS defines six principle types of real estate: Residential: Single family detached, cluster, condo, townhouse. Multi-Family: Apartments, duplex, triplex, quad. Land: undeveloped, vacant lot, farmland, mobile home park, etc. Commercial Improved: Office, Business/Flex, Retail, Industrial, etc. Commercial Unimproved: Land zoned for commercial uses. Rental: Residential/Multi-Family available for rent.
A description of property, which classifies it according to the number of living units and type of structure (example: townhouse, condominium, single family dwelling, multi-family dwelling, etc).
Classification of property (i.e., single-family, townhouse, condominium, etc).
Classification of property, i.e. 1-family house, 2-family house, condo, etc.
A classification method used to describe how real property is used. For example, common types are primary residence, investment property, or second home. There are no terms beginning with Q.
A detached home is a single-family, free-standing, home. An attached home/townhouse is a single family home attached to another where there is not common ownership of grounds. A condominium is a single unit of a multiple unit building. A co-op or "cooperative" is a share of ownership in a multiple unit building where your share is represented by the unit you own. A planned unit development (PUD) is a single family home in a development of smaller than usual lots which may have common amenities. A 2-, 3- or 4-Unit Multi-Family is a dwelling that consists of up to 4 residences from which the owner receives rental income.
The property type choices are Residential, Mobile/Floating Homes, Multi-Unit 2-4, Multi-Unit 5+, Lots & Land, Commercial. It is important to select the correct property type here, as what you select determines the entry fields displayed in the second Enter Listing page. Please refer to "BAREIS Property Classifications" for a detailed description of each type.
See Condominium, Co-op, Manufactured Housing, Planned Unit Development, Multi-family, Single Family Attached Home, or Single Family Detached Home.
Also written as "Type of Property." Describes the basic or primary function of a property listed on Terrascend. Every property listed on Terrascend must be associated with at least one property type. If you would like us to add a property type to the list you must choose from when listing a property, click the Contact Us link below and let us know about it.
A type of particular real estate or land. For example, single family, condominium, vacant land, and townhouse.
A description of the property that determines whether the property will be used as a Primary Residence Home, Investment Property or Second Home.
Number of living units in the property: 1-4 for single-family properties, 5 or more for multi-family properties.
East 2 West Mortgage & Lending Co., provides mortgage loans for the most common types of property, including detached homes, attached homes, units in Planned Unit Developments and Condominiums. We do not finance Cooperative or time-share properties.