3 Dirty Words Of Real Estate

Dated: 02/27/2018

Views: 82

Image title

Elizabeth Ann Stribling-Kivlan, president of real estate brokerage Stribling & Associates in New York, calls out several buzzwords that real estate professionals should stop using or use more appropriately in a recent Forbes article. Those words include:

Luxury

She calls “luxury” the most overused word on her list by real estate professionals and says the word has been so overused in describing its properties that its value has been reduced. “Real estate professionals need to really ask ourselves what ‘luxury’ means,” she says. “Is a one-bedroom apartment with a clean aesthetic and laundry in the basement truly a luxury property? Is it appropriate to lump in standard homes in the same breath as a magnificent chateau in France or a triplex penthouse with endless views? If the word ‘luxury’ applies to everything that comes on the market, then it has all but lost its meaning.”

Bespoke

Stribling-Kivlan says she finds “bespoke” used on plenty of property descriptions and it’s usually used in an incorrect way. The word means custom-made or tailored to fit an individual’s needs. “Mass-producing bespoke inventory is a contradiction, and constantly seeing this word in the wrong context is tiring for everyone, including consumers,” she writes.

Triple Mint

This phrase is similar to saying “mint condition,” which refers to a previously owned property that is in relatively good shape. “Triple mint” means the property is in mint condition in three ways: its overall condition, kitchen condition, and bathroom condition. “Saying a bedroom is in triple mint condition makes little sense, since there is no context for the triple,” she says. “An apartment that has never been lived in or is completely new shouldn’t be described as ‘triple mint’ because no one has used any of the features and there is no litmus test of time to stand up to.”

Source: 3 'Dirty Words of Real Estate'?

Latest Blog Posts

Homeowners Reveal Their Top Nonnegotiable Amenities

September 24, 2018Home shoppers are unwilling to negotiate on certain amenities, and prime among them are central air conditioning and a private patio or backyard, according to a new survey of more

Read More

Rising Mortgage Costs Remain Below 2006-07 Peak

September 24, 2018With home prices mostly holding to an upward trend, more owners are facing rising mortgage costs. But even so, homeowners are still paying less in mortgage payments than they did

Read More

5 Signs You’re Ready to Buy a Vacation Home

By the Experts at HippoYou've just returned from a trip to the beach. You ask yourself: Why should I continue to pay rental fees when I could own a vacation home and rent it out? Unless you're

Read More

Real Estate Community Focuses on Disaster Preparedness

September 6, 2018Natural disasters such as floods, fires, hurricanes, and mudslides pose threats to more communities than ever before, and the real estate community is keeping an eye on how this

Read More