Shark Tank Star Barbara Corcoran Explains Real Estate Terms

Shark Tank star, Barbara Corcoran, says these phrases are greatest lies in actual property listings.

When you are looking for a house and taking a look at listings on-line, bear in mind to not take what’s there at face worth. “Sellers will only show you the photos online that they want you to see,” says self-made millionaire and actual property mogul Barbara Corcoran. “The rest is copy.”

There are just a few widespread linguistic methods brokers will use of their listings, too. Corcoran, who wrote advert copy for 15 years, is aware of all of them: “I used to write these words constantly and I know what they mean.”

Here are the most typical deceptive phrases utilized in actual property advertisements and what they really imply, in accordance with Corcoran.

When you are taking a look at listings, reasonably than specializing in the rhetoric or on the photographs, which can be deceptive, deal with the scale of the house and the worth per sq. foot.

“Shrewd buyers and real professionals always look at the house on a price per square foot [basis],” Corcoran says, which can provide them a leg up in ultimate value negotiations. “For example, if the other four houses in the neighborhood are selling for $480 to $490 a foot, if you analyze this one and it’s $520, you can make that seller aware that their per-foot price is not even in line with the market. … It gives you negotiating power.”
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Shark Tank Star Barbara Corcoran Explains Real Estate Terms

Real Estate