Decoding real estate jargon
While I hate to admit it (as a newly licensed real estate salesperson) real estate ads are littered with code. Here's a few choice phrases you may come across in your next home hunt.
While I hate to admit it (as a newly licensed real estate salesperson) real estate ads are littered with code. Here's a few choice phrases you may come across in your next home hunt.
In our February 2012 issue of MoneySense we highlighted a few of the real estate jargon that’s used to describe homes. From handyman specials to condo alternative, these phrases are often code for less than desirable home attributes.
Thankfully, real estate jargon isn’t limited to just a handful. On a blog post from Biggerpockets.com, I found a long list of adspeak that’s sure to prompt a chuckle for all us homebuyers—more than a few times we’ve stumbled across a home with a “large family room,” a “newly remodeled kitchen,” or a “partial lake/mountain view.”
Here’s a few of my favourites:
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