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Nov 13, 2023 · In real estate, common data sources include demographics, property, event data, and behavioral trends. This forecasting can influence, and even direct, strategic decisions, but it can also help agents hyper-target their marketing and lead generation activities on the prospects most likely to buy or sell in the next year.
- As-is. If you see the words “as-is” in a real estate listing, proceed with some caution: This typically indicates that there are repairs or renovations that need to be done that the current owner is not going to address and is passing the burden off to the buyer.
- Built-ins. Built-ins are features like bookshelves, benches, or cabinets that are permanently built into the home itself, and are fairly common in older construction.
- Cozy. While this descriptor may bring to mind a comfy armchair and a steaming mug of cocoa, in real estate, “cozy” tends to mean “small.” The home may have minimal square footage, meaning each room may have very limited space.
- Charming. “Charming” is often another code word for a house with a small footprint, and may also indicate an older construction — which may, indeed, be charming, but might also end up needing costly repairs and renovations.
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Dec 7, 2016 · What are real estate agents really trying to say when marketing their listings? Here's a guide to 22 commonly used real estate listing terms.
Oct 22, 2020 · Some might say “active,” while others may be labeled as “pending” or “contingent.” All of this lingo can be a bit confusing, but understanding each term is critical for those on the house hunting...
- Meghan Webber
Mar 20, 2023 · When searching for a home or applying for a mortgage, you may hear your real estate agent or lender use any of the terms or acronyms below. Keep this guide handy — you'll be fluent in the language of home buying before you know it.
A seller’s agent (aka listing agent) is a real estate agent who represents the seller in a real estate transaction. They help price the property competitively, market it effectively to potential buyers, negotiate offers, and manage the entire sales process.
Jul 23, 2014 · Every licensed real estate agent needs to know their industry vocabulary. Knowing the language communicates confidence and lets clients know they’ve made the right choice in choosing you. Here are 10 real estate terms every agent should know.
