Frequently Asked Questions
General
Questions
What is the MLS?
What is a listing sheet?
How can I get more information about a property?
Land Questions
How much does a well and
septic system cost?
How deep are wells in the
area?
Listing Sheet Questions
What are covenants?
What does CLA and CLO mean?
What does DOM
mean?
What are Plum Creek
and Stoltze?
What is the MLS?
MLS
stands for Multiple Listing Service. The purpose of the Multiple Listing
Service is the orderly correlation and dissemination of listing information to
its Members so that Realtors may better serve the buying and selling public.
The service combines the listings for all available homes in an area (in our
case, Northwest Montana), except For-Sale-By-Owner (FSBO) properties, into one
directory or database.
When you
search for property here on
this website, you are searching against the live MLS database.
What is a listing sheet?
A property listing
sheet contains specific information on the property, such as original price,
days on the market, home square footage, etc. If you find a property in the
MLS that interests you,
email
or call John or Vernon with the MLS number for that property, and they will email the
listing sheet to you, usually in less than 48 hours.
How can I get more information about a property?
If you find a property in the
MLS that interests you,
email
or call John or Vernon with the MLS number for that property, and they will email the
listing sheet to you, usually in less than 48 hours.
How much does a well and septic system cost?
Drilling a well
costs anywhere from $25 to $29 per foot. Throw in another couple of thousand
to cover the pump and pressure tank. A standard gravity-flow septic system will
usually run between $3,500 and $5,000, and engineered septic systems can go up
to $7,000.
How deep are wells in the area?
Well depths in
northwest Montana vary greatly, from 50 feet to well over 1000 feet. The best
indication of well depths on a specific piece of property is other nearby
wells. The
Montana Groundwater Information Center website provides access to well
logs in the state. Their website also has a good page of typical
water well
construction and terms.
What are covenants?
Sometimes referred to as CC&Rs (Covenants, Conditions, and
Restrictions), covenants are a written agreement between two or more parties
where they pledge to perform or not to perform specified acts with regard to
property. They vary widely from property to property (many properties do not
have covenants), and usually include such provisions as "no breeding of
commercial livestock", or "home construction must be completed within 12
months".
What does CLA and CLO mean?
CLA
stands for "call listing agent", and CLO for "call listing office". You usually
see these abbreviations in a listing sheet field where the explanation is too
complex to fit in the space provided, or the listing agent didn't have the
information at the time the property was entered into the MLS.
What does DOM mean?
DOM
stands for "days on the market". It is the number of days since the date of the
listing contract signed by the seller and the listing agent/office.
What is Plum Creek and Stoltze?
Plum
Creek Timber and Stoltze Lumber Co. are the two major timber companies in the
state. A lot of properties will advertise themselves as being adjacent to Plum
Creek or Stoltze land. Many people consider this an advantage because it is
similar to being adjacent to Forest Service land. These two companies are very
liberal about letting the general public use their lands for recreation.
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