Home Buying Experts Publish Report on Home Buying Euphemisms
Why do some homes have FROGS above their garage??
AVONDALE AZ August 2008 -- With
the downturn in the real estate market, exaggerating a home's positive
features and downplaying the negative seems to have shifted into high gear.
A member survey and report from the National Association of Exclusive Buyer
Agents (www.naeba.org)
has collected some of these euphemisms from around the country and they have
been published in a free report. The report, titled "Home Buying Euphemisms
and Lingo, How to Read Between the Lines When You Are Home Shopping" helps
buyers better understand some of today's property descriptions and contains
survey responses both serious and humorous. The report is available as a
free download on the NAEBA site:
2008
Report on Home Buying Euphemisms and Lingo.
"As the national organization of real estate companies who represent only
buyers, we try to help home buyers look at homes objectively. But as we are
evaluating homes with buyers we often run across this puffing from the real
estate agents working to sell the home for the highest price," reported
Barry Nystedt, President of the NAEBA.
The report includes actual agent experiences with listing descriptions and provides four different strategies for buyers to use when they are evaluating homes.
"Seeing the term FROG in the description is normally good news, since it
means Finished Room Over the Garage in many parts of the country. On the
other hand, seeing the phrase, subject to third party approval, often
means a lot of extra frustration for home buyers as explained in the
report," Nystedt added.
The National Association of Exclusive Buyer Agents was founded in 1995
to help consumers become educated home buyers. NAEBA is a nonprofit
organization whose purpose is to be the "champions of real estate
buyers' rights and representation." NAEBA offers industry standard
certifications, ongoing education, client referral services, technology
and information sharing. The NAEBA Code of Ethics pledges undivided
loyalty to real estate buyers only. More information about NAEBA can be
found at
www.naeba.org.
Click here to view a PDF of "Home Buying Euphemisms and Lingo: How to Read Between the Lines When You are Home Shopping"
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