Common Phrases Used in Local MLS
If you’ve ever been disappointed when viewing a home for sale that looked enticing in its online description, here is a guideline of what some words really mean when advertising in real estate.
Charming – Small but cute. May be decorated well but not a lot of room.
Cozy – Small. Don’t plan on fitting a king-sized bed in any of the rooms.
TLC – A house that’s been neglected and is in need of someone with a big hammer.
As Is – An owner hasn’t taken care of his home in years and is passing the headaches on to you.
Motivated Seller – Make me an offer.
Must Sell – Sellers have gotten on with their lives and are willing to negotiate.
Winter Views – You can see something pretty when there are no leaves on the trees.
Diamond in the rough – See TLC. Hopefully an owner is pricing their neglected property accordingly.
Investor’s Special – In need of a Buyer who wants to work on a Diamond in the rough or a home that needs TLC.
Transitional Neighborhood – It would be a good idea to lock your doors. Generally an area that’s deteriorated and is in the process of being rebuilt. Also known as Gentrification.