Translating Real Estate Agent/Broker “speak”

Frederick Warburg Peters, the chief executive of Warburg Realty, has a framed New Yorker cover hanging in his office of an enthusiastic broker standing with a hopeful couple on a balcony. Clutching a clipboard and grinning, she points to a sliver of the Hudson River peaking out through a wall of buildings. In a carefully crafted listing, such a view might be described as a “partial river view.”

“It’s what I call a two-person view,” Mr. Peters said. “If one of you hangs out the window and the other one holds onto his legs, you can see” a tiny bit of the river or whatever view is being touted.

Brokers use all kinds of verbal gymnastics in blurbs that could be applauded if there weren’t a potential buyer at the other end of these colorful but ultimately obscure paragraphs. Since “the possibilities to create your own piece of New York are endless,” according to one TriBeCa listing I came across recently, your imagination could really take you anywhere, maybe even to one of the listing photographs of a virtually staged bedroom with walls where none currently exist.

There’s a reason for the euphemisms. Listing agents work for sellers, not buyers, and they have a delicate dance to do. They must simultaneously avoid offending their client while also conveying to the buyer that, say, although the kitchen was recently updated, the seller’s penchant for flamingoes may have led to some interesting wallpaper choices.

Brokers are also bound by federal and local rules that require them to use inclusive language instead of phrases like “great for families,” which might imply that those without a family would not be welcome. So, if you want to let a buyer know that an apartment would be an ideal space for children, you might list the nontoxic paints the seller used in the bedrooms, giving a nod to anxious parents.

read more at:  https://www.nytimes.com/2019/03/22/realestate/translating-broker-babble.html

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What to get a millennium for their first home – after college

A quality mattress: You spend practically half your life on your mattress, so it’s something you should spend real money on (and buy brand new), Langmaid said.

“If you are on the same mattress that you’ve had since you left home for college, it’s time to upgrade,” he said. “It’s time to get the piece that is made for you, that you sleep well on. . . . Everybody needs a great mattress.”

Mattress preferences vary from person to person. Langmaid said he likes a bed that will swallow him up, while others might prefer firm support. The key, he says, is to go to a store, rather than shopping online, and try them out.

He cautions buying a cheap mattress because it should last for at least 10 years, but one way to alleviate any financial burden is to opt for financing or a payment plan.

He said a high-quality mattress was the first real piece of furniture he bought after graduating college, and although he uses it for guests now, it has lasted him all this time.

Clothes organizing tools: “When you’re in your 30s and you have people over and they open your drawer and it’s a hot mess, it kind of is a reflection I think on just you in general — how you keep your home,” says Meg Biram, 35, a D.C.-based lifestyle blogger. She recommends investing in containers to organize your closets and drawers.

“If you have everything piled into one closet but it’s not well-organized with containers and hangers and dividers, then it can just be a nightmare every day trying to find stuff,” she said.

She said she’s organized her shoes with tools from the Container Store. If your budget doesn’t allow for store-bought accessories, she suggests small shoe boxes to help organize drawers. She uses these to organize garments by type — hiking socks vs. athletic, for example.

Vacuum: Everybody needs to have a good vacuum, Langmaid said. “You need to spend at least $100 on a vacuum that suits your needs,” he said. “And you need to use it regularly.”

Biram recommends the Dyson Animal Stick Vac V8, which is a pretty hefty investment at $350 , but she said it’s worth every penny. When she and her husband got married several years ago, they got a $70 vacuum from their wedding registry. It lasted about a year before they replaced it with another vacuum for less than $100.

read more at: https://www.washingtonpost.com/lifestyle/home/household-items-for-an-updated-grown-up-home/2019/02/25/f2ecfffe-309c-11e9-86ab-5d02109aeb01_story.html?noredirect=on&utm_term=.cdb076a85d74

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San Diego Median home price at $549k, sales down

Home sales dropped in February for the 10th month in a row, but there were signs the market might be picking up, real estate tracker CoreLogic reported Wednesday.

February sales were down 8.1 percent compared to the previous year, but that was not as severe as the last few months when sales dropped 10 percent to 22 percent. At the same time, the median home price for the month, $549,000, was up 2.6 percent in a year.

Chris Thornberg, economist and founding partner of Beacon Economics, said it was ridiculous to think home prices would not rebound with lowering interest rates and home inventory at historic lows.

“The market was going to move again, regardless,” he said. “It takes a big mess to cause home prices to fall. I don’t just mean a mess in the housing market. I mean an economic mess.”

After months of slowing sales, there are more homes on the market for potential buyers, said the Greater San Diego Association of Realtors. In February, there were 6,362 homes for sale, up from 4,636 at the same time last year and 4,415 in 2016. Still, February’s inventory was smaller than the recession when there were more than 9,000 homes for sale through much of 2009.

He said there will likely be an increase in sales in the typical buying seasons of spring and summer, but will be modest compared to the past few years and might not last as long.

read more at: https://www.sandiegouniontribune.com/business/real-estate/story/2019-03-27/san-diego-median-home-price-at-549k-sales-down

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