Real Estate Code Words To Look Out For

Real Estate Code Words To Look Out For

House hunting can be a fun, yet frustrating experience. While it’s exciting to look for a home of your own, you also have to recognize that sellers are trying to put their homes in the best possible light. By recognizing common phrases, you’ll be better equipped to know which homes should be avoided altogether.

“Pride of Ownership Shows”

At first glance, this phrase implies that the owners have taken good care of the property. However, in most cases, it also means little, if anything, has been updated. You can look forward to decades-old tiling, antique appliances, and more than a few rooms that need a remodel.

“In One of the Hottest Neighborhoods”

If you see a descriptive phrase that uses words like “hot” or “up and coming,” be aware that you’re expectations may fall short of the reality. Often, sellers will use these terms to describe neighborhoods that are expected to take a good turn and attract developers. Typically, these neighborhoods will lack nearby amenities and may only show the promise of improvement.

“Attention: Investors”

Even if you are an investor, you might want to stay away from properties with this as a headline. It indicates a property in distress most of the time and suggests you will need to make several updates just to make the property welcoming. If you’re looking for a home, this may not be the best choice for you.

“Offered as Is”

This is another one that would be best avoided. Often, “as is” suggests the owner knows there’s a great deal wrong with the property and he’s hoping to pass his problems onto an ambitious buyer. By the time the needed repairs are complete, you may have spent more money than the home is actually worth.

“Condo Alternative”

Think condo, but smaller. If you’re on the market for a single-family home, you’re probably looking for something roomy and something with potential for expansion. You’ll find neither in homes that are marketed with this phrase. These are typically very small homes that won’t suit your needs.

“Natural Landscaping”

This is a deceptive phrase indicating you’ll probably spending a few weeks just getting the yard presentable. The current owner probably hasn’t put much effort into maintaining the “curb appeal” of the home. Of course, if you love the rest of the home and want to spend the money, you can always hire professional landscapers to do the dirty work for you.

These are some common phrases used in real estate marketing. While you should be wary of them, not every one of them is the kiss of death. Be aware that you may be getting more than you expect, but also keep an open mind. You may end up getting that diamond in the ruff.