Open Forum (3/3-3/9)

Posted by Dave Fratello on Tuesday, March 3rd, 2009 at 9:24pm.

Ever wonder what those fancy terms tossed around in listings really mean?

A guide to realtorspeak is offered in a somewhat entertaining post by Blake Roberts, who uses a three-color system (green/yellow/red) to help you understand the importance of various terms. Some useful translations:
  • Gourmet kitchen/Chef's kitchen. Although used without a real definition, most agents in the South Bay write about the Chef's kitchen if there's granite or stone counters, a prep area, high-end appliances and a pantry.
  • Move-in ready. Usually a good thing, same as turn key. Agent believes that a buyer can move into this home without paying for additional repairs or updates.
  • Executive home. Screams that there's something about the home that is not family friendly.
  • Comfortable family room. Probably is describing a smaller space.
  • Don't miss this opportunity. Sorry, real opportunities sell themselves, usually before the property even hits the MLS.
  • Submit all offers. Agent knows that the home is overpriced and hopes to get an offer anyway.
We're hardly spoiling the surprise for those inclined to read the whole piece, which covers 37 terms.

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