Real Estate Oxymorons
Well, yes, that “new roof in 1998” would be a selling feature — if it were 1999 or 2000.
Almost 20 years later, however, what the listing agent is really telling prospective Buyers is that the roof is close to if not past its expected life (20-25 years for most 3-tab asphalt shingle roofs).
In the same category are phrases like “$100,000 in improvements since 2000.”
Invariably, most — if not all — of the boasted improvements date back to . . . you guessed it . . . 2000 (as opposed to say, last year).
