Albuquerque Secret Real Estate “Codes” : 9 phrases to watch out for in listings

Albuquerque Secret Real Estate “Codes” : 9 phrases to watch out for in listings

Transcript Snippet: “Tego:

Okay, give us the light and fluffy

Tracy:

Let’s start with some of the things that we as realtors see, and the, the public sees in our properties when we list them for sale. And there’s kind of like these phrases that you see a lot of times. Yeah. And, and it’s like almost code for something. And so there’s nine phrases to watch out for in listings, right? Yep. The first one is cozy cottage quaint, you know, it’s a really nice way to describe something, but is it really just a really small property or small room or small house? Right.

Tego:

It’s cozy. Yeah.

Tracy:

Cozy. Although one of our agents on our team put a house in Estancia under contract this week and Estancia is, you know, 45 minutes it’s out tomorrow, Yardi then south quite a ways. So really, really cute, cute quaint, cozy house. Right.

Tego:

Oh, you just did it.

Tracy:

I know. I know. But I mean, when you look at that house in the photos online in Estancia, that’s what comes to mind. So anyway, another one would be one of a kind or unique or customized. What do you think when, when you see that, right. Maybe it’s an unusual thing, right? Nice way of addressing some weird unnecessary change or something in the

Tego:

Property, or maybe it’s a Bart print house.

Tracy:

There you go. Could be, you know? Yeah. So we’ve got a few of those around town.

Tego:

Got a few of those around town. Yep.

Tracy:

How about amazing potential investor special or needs TLC?

Tego:

Lots of potential. I’ve seen that one a lot where it’s, you know, Hey, this home has lots of potential, which means it hasn’t, it hasn’t realized its potential yet.

Tracy:

<Laugh> yeah. A lot of times, like it says something about the yard, just waiting for your imagination and touch. Yeah. Green, green thumb or something. You’re like, that means the yard is dead weeds or GRA you know, nothing or dirt.

Tego:

Yeah. Dirt and, and, you know, the thing is it’s, it’s actually, it is, you know, honest about what it

Tracy:

Is. Oh yeah. Much rather it just say potential and needs TLC than to say this is an immaculate house. Just ready to move right in. Yeah,

Tego:

Exactly, exactly.

Tego:

You know, so, so one of ’em was, you know, original details basically is a, is a good, good way or vintage is another one I’ve seen, which basically means it’s got a lot of old stuff.

Tracy:

Yeah. And, you know, for some of us that’s very exciting because there are plenty of us who thrive on something that’s vintage and hasn’t been mucked up. Right. Yeah. I know our your sister and brother-in-law are in the Phoenix area and they just picked up a house. That’s got very mu mid-century modern vibes in the Phoenix area. Right. And they are so excited because the hanging lamps lanterns in the house, the the fireplace, it’s one of those, what are those called? Like beehive or,

Tego:

Yeah, the, the, yeah,

Tracy:

They’re,

Tego:

There’s a term form. I

Tracy:

Forget what it was. It’s, it’s all original. And they’re so excited because they love mid mod style and they’re going to keep that style and be able to use a lot of those things.

Tego:

So lovingly maintained, I’ve seen that one before, or I’ve seen terms like gosh, what would be another way to put that, but, but basically it’s saying that it’s been well taken care of, but maybe it’s out outdated,

Tracy:

Older home, but in really good shape. Yeah, yeah, yeah. That’s what I would say.

Tego:

And we’ve seen a lot of those and, and that’s great, you know? And

Tracy:

How about, how about hot up and coming neighborhood or area

Tego:

Boy is a realtor up. I would, I would tread lightly on that because, you know, what does that mean? And

Tracy:

Are you making a promise that you buy this crappy house, but the whole neighborhood’s gonna get better? Yeah, careful.

Tego:

Yeah. Yeah. I wouldn’t, I wouldn’t go there. And looking for motivated buyer I, I actually haven’t seen that one it’s on this list, but I don’t know about that. I mean,

Tracy:

It says, it usually means that the seller has had a difficult time selling the home. We’re looking for somebody motivated, but that that’s not how I would.

Tego:

Yeah. I’ve never really seen that one. I’ve seen motivated seller many times, for sure. Yeah, for sure. And then, you know, perfect location. I, what does that mean?

Tracy:

It’s funny because I saw one, a couple days ago, Tigo. I hadn’t looked at this till this morning, right? Yeah. I saw one a couple days ago that said, great location, perfect lot, blah, blah, blah. And I looked it up and I went it’s on a main road, like very, very busy Albuquerque main road. And I thought, perfect location. Really

Tego:

One, one of my favorites of all times was a, a, a property down in the valley and it, it, and it started off with a train lovers dream. Yeah. Which meant it was right next to the railroad tracks in the valley.

Tracy:

I could see that, you know, why not tell people before they go look at it? Right. True. And get the nostalgia of the train situation. Because most of the train crossings now through our north valley are all quiet crossings. Right. So you can kind of feel the rumbling of the train going by, but there’s no whistles. Yeah. Unless the system’s not working.

Tego:

And another one is great views or amazing views. And, and boy, what a objective,

Tracy:

It’s the one that says all about the view. Oh, not amazing views. Right. Got it. It’s the one that’s basically saying great views, but the house is terrible. Right? Yeah. It’s all about the view. Okay. Well what about the house, right? Yeah, exactly. Okay. So that’s my light and fluffy to get us going. I bet you’re just dying to get to some hard stats here.