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Real Estate Dictionary — “B” is for Building Codes

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My brother lives in a Brownstone in Philadelphia. What type of house is this? A Brownstone is typically a row house, often times found in larger cities. There are some brownstones in downtown Denver and also some in Colorado Springs around the Broadmoor Hotel.

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What is a building code? Building codes are set up by cities, counties, and states and are used to provide minimum building standards. They also help ensure that the buildings construction is safe. In Colorado Springs and Monument, the building code is enforced by the Pikes Peak Regional Building Department. In Woodland Park, the building code is enforced by the Teller County Building Department

The newspaper said it is a Buyer’s market. What does this mean? The newspaper is referring to a situation where there are more houses on the market than there are buyers, essentially supply exceeds demand. Markets vary neighborhood by neighborhood, consequently there can be both a Buyer’s Market and a Seller’s Market in the same city. Read the rest of this entry »

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