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Old 03-15-2010, 08:45 AM
 
Location: NJ
17,579 posts, read 39,776,585 times
Reputation: 16146

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Apparently this is some kind of secret code that actually translates to "overpriced". Maybe some of you realtors can share the decoder ring with us regular folks.
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Old 03-15-2010, 08:50 AM
 
Location: Marion, IN
8,191 posts, read 28,118,223 times
Reputation: 7119
LOL! I thought it meant "needs a lot of work"......
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Old 03-15-2010, 09:07 AM
 
845 posts, read 2,072,043 times
Reputation: 296
that means it may actually sell for 25% of list price. "Highest and Best" will be next.
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Old 03-15-2010, 09:17 AM
 
Location: Salem, OR
14,015 posts, read 32,919,893 times
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Quote:
Originally Posted by Racelady88 View Post
LOL! I thought it meant "needs a lot of work"......

No that is "needs just a little TLC"
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Old 03-15-2010, 09:23 AM
 
845 posts, read 2,072,043 times
Reputation: 296
TLC can mean KITCHEN IS MISSING.
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Old 03-15-2010, 10:10 AM
 
Location: Pomona
1,955 posts, read 9,535,652 times
Reputation: 1536
I was going through some of my pics when I was house hunting ... one that I looked at was advertised as "Buyer to verify all conditions".

The reality was that the house was best suited as a tear down. Illegal garage conversion, unpermitted electrical and plumbing work, and a foundation so termite ridden that the floor was collapsing.

For other terminology ...

For your entertainment: what RE ads really mean
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Old 03-15-2010, 10:14 AM
 
42 posts, read 197,088 times
Reputation: 25
Quote:
Originally Posted by manderly6 View Post
Apparently this is some kind of secret code that actually translates to "overpriced". Maybe some of you realtors can share the decoder ring with us regular folks.
Yes, this is one of the many listing catch phrases that make me laugh. Quite a few "Hurry! Won't last long at this price!" that have been on the market 200 days, coming down 10k every 30 days or so. Saw one yesterday still priced about 100k too high as "final reduction." Guess they aren't interested in actually selling the place.
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Old 03-15-2010, 10:14 AM
 
Location: Tempe, Arizona
4,511 posts, read 11,921,580 times
Reputation: 2193
Quote:
Originally Posted by manderly6 View Post
Apparently this is some kind of secret code that actually translates to "overpriced". Maybe some of you realtors can share the decoder ring with us regular folks.
Usually, "Priced to sell" or "Won't last long" was written 6 months ago when the listing was originally entered. Expect a price reduction soon.
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Old 03-15-2010, 12:21 PM
 
146 posts, read 619,571 times
Reputation: 102
I'm no agent, but here are a few I've learned while searching to buy.

"Bring your imagination" means "Bring gasoline and matches."
"Student rental" means "Adults would never live here."
"High-end finishes" means "Really shiny laminate."
"Priced accordingly" means "Expensive fixes in store for new owner."
"Below market rents" means "One of the least-desirable buildings on the market."
"Up and coming location" means "Ghetto."
"Eat in kitchen" means "No dining room."
"Panoramic views" means "The only apartment building in the neighborhood."
"Privacy" means "Miles from anywhere."
"Carefree living" means "High condo fees."
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Old 03-15-2010, 12:26 PM
 
Location: NJ
17,579 posts, read 39,776,585 times
Reputation: 16146
"Tastefully updated" means to the owner's taste. Which is horrible.
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