Real Estate Lingo

YOU HAVE TO LAUGH!!

Do Realtors have their own language?

What do those abbreviations and  advertisements mean anyway?  I get asked that question all the time when I am teaching my real estate classes.  I believe Realtors are so used to using these abbreviations and such they just assume everyone knows what they are.  And you know what happens when you assume!!!

 Here are some answers to your questions:

  1. EIK – no I haven’t seen a mouse….that is Eat in Kitchen.  As opposed to an eat out kitchen i guess.
  2. OSE – Outside entrance….Illegal apartment perhaps!
  3. FSBO – for sale by owner….we like to think that stands for frustrated seller batting zero!
  4. Low maintenance – no yard, kids will have to play in the street.
  5. FDR – no not Franklin Delano Roosevelt, but formal dining room and that leaves a lot of room for interpretation
  6. Desirable neighborhood – this little house is extravagantly overpriced but neighborhood has  snobbish appeal
  7. Family room – large basement
  8. Plenty of storage – basement too small for family room
  9. Winter water view.   Hahaha, can’t see it in the summer when you will be outside!
  10. 1 car garage – you can put you Cadillac Escalade in, but you can’t open the door.
  11. Old world charm-  nothing has been updated!
  12. Bring your hammer – oh god, knock it down!
  13. Waterfront property – of course, the water may be in your front yard
  14. Cozy- can I even fit a bed in that room?
  15. Don’t eye ball – house on outside is UGLY, what lies ahead.
  16. Mrs. Clean lives here – but she hasn’t changed a thing in 40 years
  17. Close to all – commercial buildings could be your neighbor!
  18. Neighborhood Watch- noisy neighbors with binoculars

Dianne Scalza

Netter Real Estate

404 Montauk Hwy.

West Islip, NY 11795

www.netterrealestate.com

www.blog.netterrealestate.com

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One Comment

  1. Posted July 23, 2010 at 10:43 am | Permalink

    Interesting Post!

  • About Netter Real Estate



    James A. Netter established Netter Real Estate over thirty years ago after working with and being trained by his father. He is a member of the National Association of Realtors, the N.Y. State Association of Realtors, and the Long Island Board of Realtors. He has been on the Board of Directors for both the Long Island Board of Realtors and the Multiple Listing Service Read More...

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