In our market, a FROG in your house is actually a really good thing. In real estate terms, a FROG means "family room over the garage"
How many of you out there honestly knew what this abbreviation meant? Many real estate agents & brokers don't even know what a frog is?
Being able to decipher real estate abbreviations & terms has always been a funny, frustrating problem for many home buyers.
"Newer CC style home, 3BR, 1.5BA, WBFP, new A/C with a large FROG, no bsmt and only 209K" Can anyone please translate what I just typed here? heh, heh, heh.
Years ago, selling homes via classified ads in the back of newspapers and magazines was common place. But, now traditional real estate agents use other marketing venues, especially the Internet. So, the good news is that heavy use of vague real estate terms, abbreviations and euphemisms in real estate marketing is on the decline. But, abbreviations and euphemisms are still a problem in real estate that the homebuyer needs to be educated on.
For years, I've told my clients that you have to be able to read between the lines when you are looking for a home. The information about the home on the main listing page usually has misleading descriptions.
For example:
Needs a little TLC or fixer upper............really means the house is a dump and hasn't been updated at all.
Cozy, cute home.................really means the home is so small that it is difficult to turn around in.
Great landscaping, beautiful yard.................really means the house is a piece of crap, but the seller has to found something positive about their house.
Damp basement in the spring............really means we usually get 2-3 feet water in our basement once a year.
Sometimes sellers think minimizing problems in their listing descriptions, like, "damp basement" will protect them from getting sued for non-disclosure. I don't think so!
One last tidbit of information for you. Many times in the listing description you will see the words"many updates" or "mechanical's updated". The problem is how do you define recently "updated". My personal definition of "updated" is anything that has been done in the last 5 years.
You really have to be careful when you see a sellers that uses "many updates" in the listing description. I had one personal experience where a listing agent stated that the roof was recently updated. After evaluating the home with my buyer client, It appeared to me that the roof had some prominent signs of aging (lost granules, slight peeling/curling of roof shingles, etc.) and didn't really look like the roof was recently updated. I contacted the listing agent for additional information and/or paperwork on the roof. The listing agent provided documentation that the roof was nearly 9 1/2 years old.
I asked the agent how they could describe a nearly 10 year old roof as recently updated. The listing agent's explanation was that the new roof's expected life expectancy was somewhere between 20-25 years and since the roof was still less than "half old" that they felt they could list the roof as recently updated.
Geez, are you kidding me! So again, be very careful when you see these words. You always want to make sure you have a full home inspection completed by a qualified home inspector. Your Buyer Broker should also always ask for copies of receipts and/or invoices of any recent updates.
HomeBuyer Advocate Mike
Representing People, NOT Property!
I've been an Exclusive Buyer's Agent (EBA) since 1996. During this time, I've evaluated thousands of homes with my Buyer clients. I'm constantly amazed at some of the stupid staging techniques that I've seen. When done correctly, I think there is place for subtle home staging techniques. But, I think 90% of home staging techniques creates a fake, phony home and is more of a distraction. As an EBA that just represents home buyers, I'm constantly focused on home staging tricks that might be trying to hide a problem with a home such as, fresh-baked cookies or popcorn to hide mildew or moisture smells.
Here is the Top 10 list of "Stupid Home Staging Tricks":
10. Playing mood music. Playing music to set the atmosphere in a home is not that ridiculous. This is why mood music comes in at #10. It is a little distracting when you are viewing a "blue-collar" home with "Mozart's Symphony No. 16 in C Major" playing in every room. Many Sellers think playing music will create a relaxing and peaceful environment in their home. But, many times the music is just distracting the potential buyer from the home.
9. Too many lit candles. A few candles are nice but don't overdo it. I've evaluated many homes where the Seller will have 5-6 lit candles in almost every room. Fire Marshall Bill would say, "Let me show you something!" This many lit candles are ridiculous, if not to say a fire hazard.
8. Plastic anything! Plastic anything is a big "no-no". You don't want to stage your home with plastic cookies, cake, flowers, beverage, fruit, etc. Using plastic props to stage your home is probably the most overused staging techniques. New build model homes are the worst offenders of plastic prop staging. Even Pamela Anderson would be embarrassed by the amount of plastic used in some model homes.
7. What's up with this diagonal crap? A Professional stager will state that placing furniture on a diagonal, especially beds and couches is supposed to make a room seem bigger. I think the theory of "diagonal staging" is debatable. Even when it is done correctly, I really don't think it makes the room bigger. The first thing that I notice when I see a diagonal bed is how odd and fake this looks. No one lives with their bed or couch on a diagonal. I've had numerous Buyer clients ask me "What's up with this diagonal furniture stuff?"
6. Where Art Thou? Hanging artwork on walls pose many different problems. A big, fancy piece of artwork in a room will distract buyers from everything else in the room. This is especially a problem if there are no other pictures, family photos or other artwork on the walls. Incorrect artwork placement just screams fake and phony. Another artwork problem is "theming" (I thought I was making up a new word but this word actually does exist) of the rooms. Every room in the house has one single recurrent artwork/picture theme (ocean, barn, flowers, forest/landscaping, etc.)
5. Full blown table place settings! Dining room tables or island counters set up to look like a 5 star Michelin restaurant. Silk table mats, fancy silverware, napkins stuffed into glasses or napkins with rings, etc. is too over the top! If your dining room table would make the Queen of England proud then it is probably not appropriate and looks fake.
4. Ribbon Envy! Avoid decorating your home with any ribbons or cords. Tying ribbons around your towels on towel racks, decorative robes on curtain rods/drapes and shower curtains with big, huge ropes are all laughable. No one wants to spend extra 10 minutes to take a shower by untying and tying shower curtain cords or tie backs. You don't live in King Henry's castle.
3. Cookbook. The open cookbook staged on a stand in the kitchen. This is not your mother's Home Journal magazine from the 50's. Just as hilarious is the copies of wine or cigar connoisseur magazines right beside the cookbook on a stand.
2. Breakfast tray. The breakfast tray on the bed with tumbled wine glasses. Is the Seller thinking, "I had caviar and crumpets for breakfast this morning and I didn't have time to put my breakfast tray away before showing my home." I've also never understood the staging of turned over glasses. Some houses would even have plastic liquid coming out of the glass to resemble spilled milk or wine. Why are these items in a stage home? What's next a whoopee cushion in a chair?
1. Rose petals. The #1 most stupid and outrageous staging technique that I've ever seen is rose petals everywhere in the filled bathroom tub along candles, wine bottles and glasses. Luckily, we've only seen this staging technique once, but it was enough to easily make it number one on the list. The house we viewed was actually a nice home with a great, updated kitchen and big back yard. The house had everything my Buyer was looking for in a new home. But, the only thing the Buyer ended up remembering was the crazy use of rose petals in the bathtub.
Home buyers need to be careful in our market. When evaluating homes don't be too distracted by tacky home staging techniques. Obviously, I'm not a big fan of overblown home staging of homes. My definition of home staging is fairly basic. I think every Seller should remove clutter, clean their home, make all beds and pick up dirty underwear. A Seller that tries to hide problems or defects in their home via home staging is a serious problem. I addressed this issue in a previous blog post: Problems With Staging Homes!
Good luck out there! I hope this information is helpful.
Please feel free to contact me if you need help or have questions
Representing People, NOT Property!
This Old House magazine's latest Home Inspection Nightmares IX (9) photo gallery is hilarious. My favorite photos are #1 (8 junction boxes) & #5 (cymbal diverter). I love this photo gallery series. You can also check out past Home Inspection Nightmare photo galleries. All the photos are very funny. But, all joking aside, the photos reinforce an important part of buying a home.
First, always get a home inspection. Never skip a home inspection just to save a little money. 100% of my clients agree to do a home inspection or I will NOT represent them as their buyer agent. A home inspection contingency is one of the home-buyers best protection options. Second, make sure you home inspector is qualified. About half the states in the country have little or no licensing requirements for home inspectors. In many states, anyone can print up a business card and say they are a home inspector, even your Uncle Bubba!
I would recommend looking for a "certified" home inspector that is a member of The American Society of Home Inspectors (ASHI) or The National Association of Home Inspectors (NAHI). Both of these organizations are very good at establishing high standards of practice, inspection guidelines, professionalism and code of ethics for its members in the home inspection industry. It is very important that you make sure your inspector is a "certified" inspector. A "certified" home inspector has more experience, education and testing requirements than other home inspectors. You can search here for home inspectors in your area: ASHI home inspector search or NAHI home inspector search. Good Luck!
Below is one of our award winning buyer broker TV commericals that deals with home inspections. Check out my previous blog post for more information on our funny, informative television commercials.
If you are looking for help to buy a home in Columbus, Ohio then you should contact a Buyer's Agent. But, not all Buyer's Agents are the same. The best representation for a residential or investor home buyer in Columbus, Ohio is an Exclusive Buyer Agent (EBA) or Exclusive Buyer Broker (EBB). An Exclusive Buyer Agent will always look out for your best interest and protect you in the home buying process.
Here are the TOP 10 reasons to use an Exclusive Buyer Agent:
For more information contact an Exclusive (true) Buyer Agent today.
Helping home buyers is our only speciality.
A true Buyer's Agent (EBA) will have no conflicts of interest....ever!
An Exclusive Buyer Agent is NOT Superman. But, we are the home buyers best protection and advocate in the home buying process.
Good luck out there.
Representing People, NOT Property!
How funny! A recent court ruling in Pennsylvania could possibly interpret real estate agents and brokers as not professionals.
Licensing requirements do vary by state. But, many, many states have similiar license guidelines to Pennsylvania.
So what's your occupation? I guess the last 15 years I've been working on my "hobby".
From July issue or Real Estate Intelligence Report:
Court says real estate is not a profession
extended education - cannot be considered professionals.
The ruling came in Passport Realty vs. Pennsylvania Gaming Control Board (No. 1947, CD, Commonwealth Court.
of Pa., July 2010)
Passport broker Gregory Rubino had hoped to offer his real estate services to Presque Isle Downs, which had a
gambling license for slot machines.
Under Pennsylvania law, however, Rubino was required to register with the state if he wanted to do business with a
gambling operation.
Rubino argued he should not have to obtain a registration, noting the law exempted certain professions from the
rule, specifically, "accountants, attorneys, engineers and architects."
In ruling against Rubino, the high court noted that real estate agents need not even be high school graduates to be
licensed by the state, and the hours of course work required did not approach the amount of college-level course work required for accountants, attorneys, engineers and architects. Therefore, it said, neither real estate agents nor brokers could be considered "professionals."
Funny Story......
Home Buyer Advocate Mike
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Buyer's Resource Realty Services 7100 North High St., Suite 204, Worthington, Ohio 43085 I am an Exclusive (true) Buyer Agent. I specialize in representing Buyers. I service all of central Ohio.
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