Estate agent translates house descriptions

The next time you decide to purchase a property, it might be a good idea to consider the cheat sheet below, developed by British online real estate agent, Russell Quirk for his website, emoov.co.uk.

“For years [the] public has been fleeced by traditional estate agents charging an extortionate and unnecessary 1-2% commission for simply selling their home,” says Quirk, adding that part of the problem is that buyers often have no idea what their realtor is actually saying to them. Here is his Estate Agent Jargon Translator:

Real estate agent (REA): “Ideal for the first-time buyer or as a buy-to-let investment”

Translation: “The property’s small and in a terrible area”

REA: “Conveniently located”

Translation: “Next door to a busy main road and above a takeaway”

REA: “Low-maintenance landscaping”

Translation: “The yard is concrete”

REA:  “Tremendous scope for improvement; a real blank canvas”

Translation: “Derelict”

REA: “An ideal purchase as your first three-bedroom home”

Translation: “You can barely fit in the third bedroom”

REA: “Easy-to-maintain living space”

Translation: “It’s incredibly small”

REA: “New price”

Translation: “Was massively over-priced in the first place”

With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now

Top Suburbs : st peters , willliamstown , willoughby east , alderley , freshwater

go back
Comments
  • vipin says on 06/01/2014 04:20:25 PM

    Writing a blog can be difficult, but even with the odds, you’ve managed to get quite an audience. I highly recommend that you consider writing an ebook one day.

Get help with your investment property



Do you need help finding the right loan for your investment?


When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.

Just fill in a few details below and we'll then arrange for a local Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus and appointment is free.

How soon would you like a mortgage?
What is your Annual Household Income i $
Do you currently own any Investment Properties?
Do you own your own residence?
How much equity do you have in all your current properties?
First Name
Last Name
Where do you live?
What number can we reach you on?
E-mail address
We value your privacy and treat all your information seriously - you can check out our privacy policy here