Subscribe to Aridni The truth behind your real estate broker: translate the ads

Real estate brokers make money by selling properties, and not every property glows from within the country club or beautiful shopping areas. Some properties honestly look like dumps. The crummy locations are great for restoration projects, though Aridni thinks you might like a better sense of the advertised properties before you pick up the phone. We’ve translated some of the most popular (and misleading) words used to describe properties:

Well-maintained, well-kept, pristine, immaculate, or mint condition:

This property belonged to Grandma. She took wonderful care of everything with plastic couch covers and coasters. She also kept the orange metal cupboards from the 70’s and popcorn ceilings… it’s in great shape, though!

Brand-new:

Less than 5-years-old.

Cozy or charming:
Read: small, tiny, miniscule

Quaint:
Not only small, this property is old.

Must see:
The location is crap. The exterior is crap. In fact, everything about the exterior setting is crap. The inside is rather nice, though.

Won’t last:
The property is priced below asking price in hopes to sell fast—often a unique property in a desirable neighborhood.

Motivated seller:
Quick, make an offer because the seller wants to sell. He wants to be done with this property.

Click here for Part 2.

This article written by Katie on 26th January 2006

2 Comments »

  1. Todd says

    I really like your translations of these.

    Your article really brings the basic motives of real estate agents into view.

    January 27th, 2006 | #

  2. ocrenter says

    a few more…

    cute, delightful:
    small

    penthouse living:
    just the highest level in any condo complex. nevermind it is a run down 70’s condo that looks like a college dorm.

    1000 sq ft:
    as long as it is over 800 sq ft, we can round up

    1012 sq ft:
    but we can’t round down, we need to emphasize the extra 12 sq ft

    handiman’s dream:
    the fixer from hell

    great potential:
    this is a tear down, but good location

    never lived in:
    the flipper owner bought pre-construction, squeezed you out and now is trying to sell at $100,000 profit

    great investment opportunity:
    you wouldn’t want to live here

    highly motivated seller:
    auction date is 2 weeks away

    January 28th, 2006 | #

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