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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:Carport

  • 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 - house fell down living in junk cars in the yard

Poor Condition:

  • according to seasoned agents - needs major repairs, possible tear down
  • according to new agents - house burned down
  • according to discount brokers - there used to be house there

Here are a few others I have heard:

  • While traveling in Branson Missouri - Gentle  slope means the side of a cliff
  • From one of my sellers - Partial Ocean View means if you go to the upstairs bedroom and stand on a chair you can see the ocean in a distance over the homes and trees. (This was real.  I am 6'4" and with the chair could barely see it)  I did persuade him to let me leave that out of the listing.
  • From an area limited services broker - Detached home with a large garage is a duplex (attached home) with a shared open carport
  • From a FSBO - Newly remodeled kitchen equals new refrigerator
  • From a local mortgage broker - No down payment means you get a $20,000 credit from the seller to pay closing costs
  • From rookie agent -  Maintenance fee includes Cable TV means the condo has a cable outlet.
  • From another one of my sellers - Professional landscaping means he paid someone to cut the grass.
  • From a potential client -  Excellent conditional and worth $200,000.00 more than any other in the neighbor.  Her explanation was that her 40 year old home had all the original cabinets and appliances.  You will not find that anywhere else.
  • From an area Realtor - Vintage décor means yellow shag carpet and avocado appliances.

This was a sampling of some I have run into in Hawaii.  I am sure each part of the country has some unique to their market.

 

--------------------------------------------------------------------------------------------------------

Randy L. Prothero, REALTOR®, ABR, AHWD, CRS, e-PRO, GRI, SFR

Century 21 Liberty Homes

 

Randy Prothero is well established as an expert in working with military / VA clients and first time home buyers.  His home seller's (listing) campaign is one of the most aggressive marketing programs in the area.

Based out of Mililani, Hawaii. Randy services the island of Oahu (Honolulu County) and the Leeward Regional Chairman of the Honolulu Board of Realtors.  To improve overall professionalism in his area Randy also offers classes for real estate agents. 

 

www.HawaiiRandy.comOahu (Honolulu County) Property Search  Hawaii Military Relocations

 

48 Comments on Real Estate Slang, Phrases and Terminology

NOV
22
2006
NOV
23
2006
3 Featured Posts

Hi Randy,
Interesting how people try to put a positive spin without outright lying???

We realtors have our own way of writing ads:
Cozy = really small
Mature landscaping = bring your chainsaw
blah, blah, blah

 

12:01am • #2
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Carol - I like to focus on the positive features, but keep it honest. 

No one will buy a home that an agent lied to get them there.  They will just be either disappointed or angry.

12:29am • #3
321,500 Points 70 Featured Posts Localism Sponsor Outside Blog

I do not know how people even try to get away with this... Making the best of the situation is one thing ... but, Honesty is ALWAYS the best policy - Right?

12:31am • #4
1 Featured Post

on another note, I love the new way of saying "I overpriced it to begin with" is "price adjustment"

 

 

12:45am • #5
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Mariana - If you want to build a good reputation you want to always be as honest as possible

Angela - I have to add cottage to the list

Craig - Price Adjustment sounds so much better than overpriced doesn't it?  How about price reduced to sell?  I guess the previous price was set with the intention of not selling the home.

1:14am • #6
2 Featured Posts

it doesn't matter the amount of time an agent in our market has. I wish people used honest terms, there are properties you wouldn't let your dog into that are termed "good condition"

there are probably only 5 in a couple of thousand that are termed fair, and that is rare that it means fair, it refers to dilapidated.

i guess it's hard to turn it around.  if we actually entered fair in that category, everyone would think it was overpriced.  they reserve member remarks for a more accurate description, which makes it a little tougher to find when doing a search.

 

1:42am • #7
Localism Sponsor

I loved vintage decor!  I always get nervous with "needs TLC".  I have seen everything from a house that needs to be painted to houses that need to be bulldozed.

1:47am • #8
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Joanne - They don't like fair, because some lenders would fund on fair in our area.

Russ - TLC that sounds so nice, how about handyman special?

3:00am • #9
597,151 Points 45 Featured Posts Outside Blog

We deal with the view question a lot.  I've used the term

Peek-a-boo View. 

5:12am • #10
145,006 Points 15 Featured Posts Localism Sponsor

Hi Randy-

I once saw "Waterfront"  and it was a large drainage ditch......

Damn, there is creativity, then there is outright BS!

5:46am • #11
207,100 Points 4 Featured Posts Localism Sponsor Outside Blog

Randy,

...needs TLC...means, ...needs the leveling contractor!

Thanks for the post and

Have a SAFE and Happy Thanksgiving!

Lucky

6:43am • #12
548,980 Points 110 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

"Randy"

My favorite here in Florida is:

"Fixer Upper"-The home has no roof. The hurricanes ate it for lunch! :0) 

Have A Blessed Day Of Giving Thanks...

TLW "The Lovely Wife"...Of Course Mold Is A Problem With That...TLW...ROAR!

7:16am • #13
357,848 Points 95 Featured Posts Outside Blog
Yikes Vintage décor is what I grew up with -- remember raking your carpet?  Some things you learn better of the first time around.   Great post -- have a wonderful Thanksgiving!
7:27am • #14
2 Featured Posts

yeah, "waterfront"... twice lately I've seen homes described by name brand veteran agents as "waterfront living".  You look at the address and think, yes, that's close to the river.  But when you pull into the neighborhood it turns out to be a 1000 sq ft retention pond with a pair of ducks on it... pshaw! 

Happy Thanksgiving Randy, and all the rest of you fine folks.

7:42am • #15
936,705 Points 361 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Great post Randy, I always like, "Seller ready to sell" Well Ok then.

Have a great Thansgiving

7:54am • #16
142,135 Points 7 Featured Posts Outside Blog
I guess description is subjective, it's all in the eyes of the agent?!?!?!?!  It's a great post and it brings up a common "fear" with certain words in all of us.
8:01am • #17
172,113 Points 46 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp
We are seeing a lot of "mid-century classics" to describe "vintage" homes from the 40's-50's-60's 70's.
10:13am • #18
3 Featured Posts

Hey Randy! Great Post! I usually have to prepare my buyers to take whatever level of condition listed in the MLS and drop it down a notch so that they won't be too dissappointed when they get to the showing. If it actually shows as listed, it's a pleasant surprise. Remember the spin on tear downs? Usually listed as "Handyman's Special".

 

Have a great Thanksgiving!

10:18am • #19
275,578 Points 4 Featured Posts Outside Blog

Points out the wisdom of previewing properties before you take your buyer to see them.

Happy Thanksgiving from The Marriott Group at Keller Williams Realty Professional Partners!

10:39am • #20
8 Featured Posts

Don't forget Motivated Seller!!  In other words, the agent has been getting her butt chewed because the house isn't selling and is threatening to go to the agency down the street.

 

Have a happy Turkey Day!

10:49am • #21
923,653 Points 97 Featured Posts Outside Blog Attended Rain Camp Called Shot Master
Randy, you got me rolling over here. Great stuff. My two favorites are the last two.  And yes I have run into more that one "Vintage décor" at Open Houses.
11:26am • #22
321,500 Points 70 Featured Posts Localism Sponsor Outside Blog
I have always found that laying it all out in the MLS listing not only gets the best response, but buyers never get "surprised" at the showing!
11:27am • #23
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Sharon - We also use Peek a Boo view, in some cases that means you need a periscope.

Caron - Was that house listed as average condition?

Marc - I heard of a place in the desert that was beach front.  Big beach, no water

Lucky - TLC also know as handyman special

TLW - If the home has no roof you could also call it a celestial view

Colleen - Raking the carpet?  We just use the leaf blower.

Bill - It could be worse, waterfront could be the septic system backs up.

Bryant - Seller ready to sell.  I am glad he finally came around.

Cynthia - The question we are all making fun of is whether it is subjective or misleading.

Roberta - "Mid Century Classics" I haven't seen that one here.  I am sure a few agents from Hawaii will be using that idea.

Michael - I am not sure if you remember the listing earlier in the year where the agent said in the remarks that it was a piece of Cr_ _.  He stirred a ton of interest in the home from the flip it community.

Suzanne - Good point about previewing.  I do have some investor clients who enjoy the mystery.  They feel like they are on a scavenger hunt.

Shari - Motivated seller, if not motivated why is the home for sale?

George - Vintage décor, is that the yellow shag carpet or the black velvet painting of the dogs playing poker.

Mariana - I couldn't have said it better

Lenn - What is seasonal water view?  I think I saw that on "Flip This House."  Is that when the leaves fall off the trees?

12:19pm • #25
198,363 Points 12 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp
I always love what the sellers want to advertise!  I had a seller that wanted e to brag about their marble surrounds for the tubs.  These were installed in 1999 but were the older style with blue and brown swirls through them....YUCK!!!!  Sometimes the worst features of their house are what they focus on!
12:48pm • #26
569,834 Points 100 Featured Posts Localism Sponsor Outside Blog Hit Router
Chris - That is anotrher topic.  How to tell your client they have bad taste without insulting them.
12:55pm • #27
109,857 Points 2 Featured Posts Outside Blog

I recently visited a home with "waterviews".... unfotunately it was only when you were getting the mail at the end of the driveway..

Isnt it best to understate it some to enhance the "pleasent surprise" factor? If its overstated the harder they fall! 

2:17pm • #28
2 Featured Posts

I heard of one, I did not actually see the house. But it was clearly listed in the MLS that POOL does not work. That sounds fine, however, the seller, who is one of my investors wanted to know why this home was not selling, he had already gone thru at least 3 other Realtors (It is listed out of area with another realtor) I decided to ask him some more questions to try to get a feel as to why the home is not selling. Mind you its listed way, way below market value. He candidly said when he was there, one potential buyer said the dead snakes and frogs scared her. Not to mention the yucky green water in the pool - who knows what else is in that POOL!  He decided to fill the pool in.

2:43pm • #29
186,248 Points Outside Blog
the worst phrase out of all is "motivated seller" lol , great blog
2:46pm • #30
954,422 Points 97 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Natural skylights= in need of a roof!

Indoor swimming pool=when it rains hard.

TLC =Tons of Liquid Cash! *

Cute,charming,adorable= SMALL

Convenient to the Highway=You can hear the roar!

Indoor Outhouse= use your imagination!

Price reflects the "AS IS" condition= needs TLC *

www.Homerome.com

Baltimore,Md

2:51pm • #31
3 Featured Posts

My favorite is the stepsaver kitchen, means you can barely turn around in it. 

We have a seller right now who wants us to advertise that he is a former pro football player.  Ummm, OK?

2:55pm • #32
21 Featured Posts
It is amazing how much things get twisted to make it sound better.  In the lending side, as Marc Blasi pointed out in his blog, some brokers call negative ammortization, deferred interest.  We try to pretty it up to make it sell.  Kind of like: I have freshly captured mowed grass that you can use in your flower beds to help with fertilizing naturally.  (In case you do not get this, I have horses)... :) Have a Happy Thanksgiving.
3:30pm • #33
So you consider yourself a "Discount Broker"?
Candybags
7:31pm • #34
105,379 Points 8 Featured Posts
Thanks for the chuckle Randy. 
9:45pm • #35
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Carl - You don't need to understate.  After all your job is to get as many buyers as possible to look at the property.  But you definitely do not want to shock them when they arrive.

Netta - And he had to ask?

Eddy - I refuse to work with sellers who are not motivated.

Margaret - Good list, thank you for adding

Michele - Former NFL player?  His he applying for a job or selling a home?

Jason - Instead of negative amortization which sounds negative they use 1% loan here.

Candybags - I am not a discount broker, Even though I am one of the highest priced brokers, I am a bargain.  My previous blog was a spoof.

Stephan - Sometimes we need to lighten up.

10:34pm • #36
Randy, I posted something similar the other day, entitled Creative Listing Terminology 101, that also has a link to a good article in the Rocky Mountain News to the same effect.  We have to have a sense of humor...and never forget caveat emptor - buyer beware!
11:42pm • #37

The one that I heard recently in Vancouver, BC was a single level studio/bachelor referred to as a loft...

Of course, my favourite is 'easy to show' and you can't get anyone on the phone.

11:50pm • #38
NOV
24
2006
570,152 Points 120 Featured Posts Outside Blog

Everything is relative.  One man's castle is another man's shack.

kk

12:25am • #39
110,915 Points 26 Featured Posts Localism Sponsor Outside Blog

The one that always makes me chuckle is: ' hurry, this one won't last' then you look at days on the market.........

or, 'this could be a great house'   well what is it now, exactly????

Smiles to you Randy, cool post

12:26am • #40
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Gabriel - Great minds think alike, I read your post and the newspaper article both were very good. A little humor goes a long way.

Ryan - I get the easy to show one a lot.

Kristal - The question is does he see the shack as Above Average?

Carole - Maybe they are planning to withdraw it from the market and give up.

12:37am • #41
429,318 Points 57 Featured Posts Localism Sponsor Outside Blog Called Shot Master
A rose by any other name is still a rose. A diaper is still a diaper!
6:12am • #42
378,542 Points 48 Featured Posts Localism Sponsor Outside Blog Called Shot Master

The biggest lie in Manhattan is: a studio apartment that is listed as a 1 bedroom they don't even call it a "Junior 1 bedroom" anymore.

Many agents are now listing studio apartments as "mini lofts"

"Won't Last" on the market for 6 months

"Priced to Sell" what does that mean?

"Bring your own designer"  updated version of "TLC"

"Partial river view" if you stick your head out the window

"original condition"  1950's kitchen

It is all relative the worst falling down shack in Hawaii still sounds like "living in paradise" to me

11:53am • #43
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Allison - And a full diaper always smells bad

Mitchell - I just sold a studio in Honolulu where the seller's agent insisted it was a 1 bedroom.  I asked him to show me the bedroom.  I also asked him to show me in the tax records where it was a one bedroom.  His response was that is what everyone calls them.  I disagreed, we called it a studio in our offer.  It was the lowest sale of the year for me.  It closed and turned out to be my messiest escrow ever.

5:06pm • #44
MAR
09
2009

Real Estate Agents are optimists!!

Kathleen Chang
10:05pm • #46
MAR
10
2009
569,834 Points 100 Featured Posts Localism Sponsor Outside Blog Hit Router

Kathleen - The successful one are optimists.  The less than honest, usually do not last.

11:14am • #50
MAY
27
2009

You know, as an agent I have the same compaints. When checking property listings for my clients, I depend on the agent to be honest when submitting comments. Unfortunately, just as they lie to you as a client, we as agents seeking homes for buyers are also lied to, avoided, and yes we even experience unbelivable cruelty.

5:23pm • #51
MAR
27
2010

Does anyone know what TGIF has to do with Real Estate.  One thought is "toes go in first" or do you think it has a deeper meening?

Lana
10:14am • #52

This blog does not allow anonymous comments

 
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Randy L. Prothero - Hawaii REALTOR® (808) 384-5645

Mililani, HI

More about me…

Century 21 Liberty Homes

Address: 95-221 Kipapa Dr., E3, Mililani, HI, 96789

Cell Phone: (808) 384-5645

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