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"Bring All Offers" and "Price Firm" are NOT Synonymous! Lessons from the trenches
I have been selling homes full-time here in Austin for over 12 years now.  Part of learning any business is learning the lingo.  Here are a few examples:
"Needs TLC" or "Handyman Special" - In a nutshell, this means that you need some extra money set aside (possibly a lot of it) if you want to buy this property.  There will be a lot of repairs and/or renovations involved. "Cozy" - More than likely, this just means "small".  "Won't last" - More often than not, I see this phrase when the home has already been on the market a long time. Speaking of which... I am working with some clients who are purchasing their first home.  Needless to say, they are excited, and even more so because of the first-time homebuyer tax credit and low interest rates.
We looked at a good number of homes, then we found a home that seemed like a great fit for their needs.  It was priced within their budget, and it was larger than some of the other places we had seen.  For some odd reason, the home had been on the market for over FIVE HUNDRED days!  The listing agent put in "Bring All Offers!" in ... more

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