Found 2 blog entries tagged as orange county real estate terms.

Since almost everything about the Orange County real estate market has changed over the last few years, though, so we thought it was time to provide you with an updated real estate lingo decoder that accounts for those changes in the market. We are sure you've heard of 'needs tlc' ( meaning it's in pretty bad shape), cozy ( small) , original details ( have NEVER been renovated), but also the famous ' pride of ownership', 'sought after' and 'priced to sell', like if a house wasn't listed with the intention of selling it.

Some of the terms used on the listings and their abbreviation may be confusing, so here's a little explanation to the top 5 we thought were important.

1. REO: Its short for Real Estate Owned. Sometimes people confuse the foreclosure (…

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Since almost everything about the Orange County real estate market has changed over the last few years, though, so we thought it was time to provide you with an updated real estate lingo decoder that accounts for those changes in the market. We are sure you've heard of 'needs tlc' ( meaning it's in pretty bad shape), cozy ( small) , original details ( have NEVER been renovated), but also the famous ' pride of ownership', 'sought after' and 'priced to sell', like if a house wasn't listed with the intention of selling it.

Some of the terms used on the listings and their abbreviation may be confusing, so here's a little explanation to the top 5 we thought were important.

1. REO: Its short for Real Estate Owned. Sometimes people confuse the foreclosure (…

1725 Views, 0 Comments

Read Full Post