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Real Estate Slang, Phrases and Terminology
I hope this will help clear up some confusion among real estate professionals and the public.
In the course of doing business we constantly see phrases, terms and slang used to describe property.  Some are subjective which makes it at times confusing.  I will attempt to clear up a few and I will ask you to chime in with a few of your own.
In Hawaii we list the condition of homes and condos in one of the following categories:
Excellent Condition:
According to seasoned agents - Ready to move in and has upgrades. According to new agents - Recently painted. According to discount brokers - Recently cleaned. Above Average Condition:
According to seasoned agents - Ready to move in, no upgrades. According to new agents - Recently cleaned. According to discount brokers - no junk cars in the yard. Average Condition:
According to seasoned agents -Needs paint and carpet. According to new agents - Needs minor repairs, paint and carpet. According to discount brokers - Needs repairs and has junk cars in the yard. Fair Condition:
According to seasoned agents - Needs larger repairs, paint and carpet, probably dirty. According to new agents - needs major repairs, not livable. According to discount brokers ... more

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