Some of them are a little weird, I admit. ?”Example: “Using my equitable interest, I use the MLS to list my contracts that I want to assign to another buyer.”Example: “[Investor/Buyer] Hey I’m interested in buying this turn key rental that you have advertised on Craigslist. Wow this is a great deal, i think. There’s barely room to move in the kitchen, and three people in the living room makes it a party.The property is usually situated in a highly desirable location that makes it worth the effort for the right buyer candidate.Just minutes or around the corner from shops, restaurants and cafes could mean they are in the property’s backyard or literally across the street.Easy access to public transportation or highways could mean the sound of locomotives dancing in one’s head each night or the roar of the rush hour as a soundtrack, not a sound byte, to the home’s everyday living vibe.It is apparent that the house holds memories as it is dotted with family photos through the years.No work needed.
Abbreviations are a necessity in real estate advertising because most of the time so much information must be communicated such little space. Well, it would scarcely fit anyone’s shoes by today’s standards. List of most popular Real Estate terms updated in July 2020 Sorry, you have Javascript Disabled! Some of them are a little weird, I admit. Browse the list of 2.9k Real Estate abbreviations with their meanings and definitions. Looking for the definition of WAO? Updated May 2020. The following list contains some of the abbreviations which are commonly used in the real estate industry. The garage is cleaner than most houses are on the inside.The home could be dated, but the buyer doesn’t notice because of the pristine condition, hence the million-dollar question buyer and agent are often left to ponder –“Does someone actually live here?”They also could be telling their agent they don’t necessarily want to reduce the price but want to encourage offers.In the world of real estate, this phrase is overused and overplayed, and if the language lingers too long, it can lose its muster.It is typically more effective if added for a short period of time. Fuck this shit.”Example: “OMG. now I can’t sell the house and I’m losing money. So what are Here’s my “Rosetta Stone” guide to reading between the lines on several commonly used listing phrases:It doesn’t necessarily mean that the condition of these elements is salvageable or useable.And the closet? Forget trying to see the garage –if there is one, you won’t be able to get in it.Unless you have the Property Brothers or Chip and Joanna Gaines by your side, you could be in over your head.Although the number of phrases and descriptors that can have hidden meanings are endless; consider this your “lost in translation” guide to the major ones when looking at properties.Armed with this cheat sheet, you will be able to help decipher what you might be in for before you see it.Say what? I’m gonna punch that guy in the neck when I see him again.”Example: “I found 3 comparable sales and their average DOM is 3,459. SWSWSWSW”.Example: “Hello, Mr. Greenhorn? SYOS!”Thank you for making me laugh.
Think of this as an “Urban Dictionary” type of guide. Agents need to be careful with using the word “motivated” to describe a seller’s status, as the level of motivation means different things to different people.Which is why a buyer often asks upon seeing this: “Exactly how motivated are they?”Sellers run the risk of being called on the carpet if they are put to the test with a low offer and an unrealistic buyer.It is obvious they have spent a lot of time on upkeep and maintenance. blog and receive notifications of new posts by email. The home might not be the most updated, chic and stylish property on the block, but deferred maintenance is rarely a concern, and the buyers can focus their budget on doing the fun stuff, like changing countertops, appliances and paint colors.The seller’s view is they didn’t overprice the home, so have in essence already done a price reduction, thus saving the negotiating room on the front end.Sellers are likely getting weary from having their wheels spun with showing after showing with no offers, and to put it politely, they have let their agent know they are growing tired of the process.The reasons for not wanting to deal with repairs varies; they could be handling the sale of a relative’s home, they don’t want to get into all the back-and-forth and drama of repair negotiations and just keep it simple.They have likely priced the home to reflect the fact that repairs will be needed, so prepare accordingly.It doesn’t necessarily mean the seller is hiding something, and the nature of repairs could be anything from lots of little “fix-its” to major items.Buyers, bring the home inspector along before pulling the trigger.Doors to bedrooms will be shut, making things feel that much more unwelcoming. List of 49 WAO definitions. Fuck it. Sometimes we take things too seriously. Sounds fun.”Example: “I’ll lend you some money to buy that house, but my max LTV is going to be 30% because I just don’t trust that you know what you’re doing”.Example: “I paid the seller $20,000 over MAO for this house, why won’t anyone buy it? 19 real estate listing terms -- translatedWhat you need to know to start your day with all the latest industry developments
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