Do you have difficulty trying to understand property descriptions? You are not alone! Here are 18 tips to help you decipher “broker jargon”!
1. “Bring your architect” means total renovation.
2.Bring your toothbrush – means that the home is in move in condition.
3. Partial river view or peek of the park mean that the view is just a sliver.
4. Updated baths could mean anything from classic design to gold sinks & swan faucets
5. Cozy, could mean small & dark.
6. Charming – perhaps quirky.
7. Priced To Sell! Usually means that the listing is still overpriced and the seller is pleading to get offers.
8. What about photos? If there are no photos of the bathrooms then you know they need renovation or are so small a proper photo couldn’t be taken.
9. If views from the windows seem hazy. Then the views are unattractive.
10 If there are “no “shots of the windows the apartment probably faces brick walls.
11. Floor plans can help you. Sometimes they are embellished. I.E. 1,500 sq ft may be actually 1,410.
12. What about these? Gem, sweet, adorable, quaint. These scream “tiny” apartment.
13. Jewel box – This means well decorated but tiny.
14. Estate condition, great bones, tons of potential, bring your imagination – means that it hasn’t been touched in 20 years or more.
15. Direct view means- full view.
16. Roof deck. This could mean anything from a fully furnished and landscaped rooftop with fire pits to a slab of asphalt.
17. Motivated Seller- Means that the seller is Negotiable but not reducing their asking price. Make an offer to test their level of motivation.
18. Renovated, newer kitchen, recently updated – Ask how long ago and in what way? If a kitchen is new you will see words like chef’s kitchen, state of the art and a list of luxury brand appliances & finishes.
19. Artfully designed, creative, distinct & unique. Means the seller spend a ton of money on renovation but the style is suits very few buyers. Now that you better understand broker jargon your online home search should be a little easier.