I know you have seen it – when you read the words used by the real estate agent describing the homes that you are interested in viewing.
Some descriptions are quite tricky when it comes to real estate descriptions you are going to be reading.
Cozy – this may equate to the home being very small and having little space for you and your family.
Open and Airy – Could mean the home does not have a formal living room or other spaces or many inner walls.
Contractors Dream – this could mean that you are going to need to have funds to make updates, repairs and to bring the property to a habitable space.
Great Opportunity – this could mean the home is overpriced and you need to check before committing yourself.
Will not allow for FHA or VA financing – this could mean the home is in such bad repair that appraisers that represent these loan programs would not allow for financing of this type.
Enjoy our daily Santa Clarita real estate radio show and you can find past episodes at Housing Radio as well.
We want all of the real estate buyers and real estate sellers in the Santa Clarita Valley and elsewhere, to be educated so they are not taken advantage of by any party within the real estate transaction.
Below is what sells in the real estate market. This is an update by the California Association of Realtors and is spot on with regard to the homes currently for sale. This is what is selling and why not all homes are created equal.