Tag

real estate term

“De-Clutter” vs. “Trash-Out”

It Depends Who’s Talking “Have you ever noticed that their stuff is sh*t and your sh*t is stuff?” —George Carlin Part of real estate sales ” make that a big part ” is handling clients with sensitivity and respect. That’s especially true for elderly clients, who haven’t moved in decades and have strong emotional ties...
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The “Très Magnifique Ceiling” (or is it, “Tray??”)

I’ve got a hunch how ” at least in some people’s minds ” “tray” ceiling became “trey”: “très” is French for “very” (as in “very beautiful”). From there, it’s just a small step (and single letter) to “trey.” Of course, that’s also how the word sounds phonetically. However, the correct adjective for a recessed ceiling...
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“Accepted Offer” vs. “Fully Executed Purchase Agreement”

Real Estate Jargon 101 What’s the difference between an “accepted” offer and a “fully executed” one? Absolutely nothing. As a former corporate attorney, I actually prefer the latter term, because it’s just a tad more precise, descriptive, etc. However, it can also sound a bit . . . intimidating (especially the “executed” part). Which is why...
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“Final Acceptance” ” Real Estate Edition

Real Estate Terminology 101 “Final acceptance” sounds like something that happens in a hospice, or perhaps what Woody Allen has been seeking in therapy all these years. Fortunately, the real estate version is not so macabre:  it’s just a fancy way of saying, “Done Deal!” “Signed, Sealed, & (Constructively) Delivered” Specifically, “Final Acceptance” refers to...
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“Flatwork” (Not, “Flatwear”) Defined

There Oughta Be a Word For That What do you call all the things outside a home ” like concrete steps, pavers, custom handrails, retaining walls, etc. ” that don’t quite qualify as “landscaping?” “Flatwork.” P.S.: “Flatware” refers to eating utensils and plates.
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“Licensees, Principals, Subagents & Brokers (Oh, My!)”

Who’s on First?” ” Real Estate Edition [Editor’s Note:  The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced.  If you need legal advice, please consult an attorney.] Exactly what role(s) do licensees, principals, agents, subagents, brokers, dual agents, and facilitators play...
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