Code Words in Real Estate

 

 

You know when you are looking up houses for sale and then you come across “code words” that only other New Orleans real estate agents know the actual definitions?

 

Team Be New Orleans is going to decipher the hieroglyphics that real estate can prove to be sometimes.

 

Cozy and quaint. 

This shouldn’t be a surprise to anyone – it means small. This home will not be significantly large.

 

SQFT

This should be obvious, but it means square feet.

 

3/2

Anytime you see numbers like this: it’s ALWAYS bedroom amounts first then bathrooms. A 3/2 would be a 3 bedroom and 2 bath. If it’s a 4/3.5, that means 4 bedrooms and 3 and a half baths. Get it?!

 

Jacuzzi or spa tub

It has jets. And if they work now, they won’t work longer than a year from now. Be prepared.

 

Location, location, location

You’re going to pay more to live there.

 

Potential and Good Bones

They are prepping you for renovations. Any property description that has these words or “make it your own,” all it means is you have to put money and time into this house.

 

Updated

Updated does NOT mean renovated! It could mean that they just added some new countertops. Or just painted.

 

Unique and Character

There is gonna be some weird stuff. (Which gets me pumped!)

 

Charming

It means small. It could also mean it has some original features but still little.

 

Move-In Ready

Allegedly, this house will need nothing for you to pack your things up and move right in.

 

Motivated Seller

The seller needs to get rid of this ASAP. Let’s do this.

 

Must-See

Typically means the outside is not great, but the inside is much better!

 

Tremendous

This word means nothing. It’s used arbitrarily these days.

 

Up and Coming

The neighborhood is not super desirable right now but will possibly be in 6 to 12 months!

 

Curb Appeal

It’s got great landscaping.

 

“New” Bywater/Marigny/Any other neighborhood

It’s not actually in that neighborhood. It’s across from some main road (like St. Claude), and they are trying to disguise it as the other area.

 

Luxury

Expensive. Doesn’t mean that it’s renovated or move-in ready. Just means costly in New Orleans.

 

Calling all investors or handyman special 

The house needs A LOT of work done to it.

 

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