There are some forms of real estate speak with which you’re already pretty familiar: for example, I’m guessing you wouldn’t expect a property listed as ‘cozy’ to be appropriate for your family of six. But sometimes, we real estate agents get fairly creative with our lingo, bringing uncertainty to your housing search.
Like the real meaning of Christmas, here’s the real meaning of 6 listing terms.
- “Hot” or “Up and Coming” Neighborhoods: A ‘hot’ neighborhood is not defined as a safe or good one; it is more likely to mean a neighborhood adjacent to a great one that will hopefully become more popular in the next few years. You’ll certainly get more for your money here than in more established areas, but your re-sale value may not hold and local