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Broker lingo

Started by sv96
almost 16 years ago
Posts: 73
Member since: Aug 2009
Discussion about
Why is it that the copy is often misleading and borderline deceptive? Quiet apartment often means looking into an ugly brickwall in the back, charming often is a euphemism for creaky floors and old vents ... What are some phrases to watch out for?
Response by urbandigs
almost 16 years ago
Posts: 3629
Member since: Jan 2006

what should they say?

"dark, small, and noisy apartment just awaits your presence? come now before this one goes!"

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Response by maly
almost 16 years ago
Posts: 1377
Member since: Jan 2009

Cozy usually you can touch opposite walls by extending your arms. Well-maintained means it has not been renovated since 1974. Watch out for the absence of any description, so if there is no mention of the light or the bathroom or any other feature, it usually means there was nothing good to say about it.

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Response by ab_11218
almost 16 years ago
Posts: 2017
Member since: May 2009

cute/efficient = tiny
lovely usually means small

just saw a new one "great original condition".... you can figure that one out when the building was built in the 30s.

urbandigs - maybe they should go as far as you went, but somewhere close. no point in wasting everyone's time by coming in and RUNNING out. the same as saying 1200 sq ft when it's really 900. just waisting everyone's time.

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Response by ab_11218
almost 16 years ago
Posts: 2017
Member since: May 2009

that is "should not go"

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Response by SkinnyNsweet
almost 16 years ago
Posts: 408
Member since: Jun 2006

Whenever the agent says "perfect match", you can be assured that the apartment specifically does not have what you are looking for.

See:
http://streeteasy.com/nyc/talk/discussion/969-the-grand-madison

It's not deceptive because, in the agent's mind, when the customer asked for a view, the agent thought they really didn't want it -- so it IS a perfect match. The agent never said the apartment actually had the feature -- only that it was a perfect match. Ethics on the head of a pin or pinhead ethics, you take your pick.

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Response by sv96
almost 16 years ago
Posts: 73
Member since: Aug 2009

urbandigs -- your extreme example is not useful. Why can't superior writing skills be put to better use in articulating the pros and cons of an apartment, versus simply causing grief by dragging folks to come see it? Not sure if there is a simple answer -- one scrupulous broker might not be inclined to buck the trend if others won't follow. So buyers might as well find a way to translate the crap from the copy before making the trip. And find some humor in this.

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Response by urbandigs
almost 16 years ago
Posts: 3629
Member since: Jan 2006

because the broker works for the seller, what seller will allow their hired contractor that they locked in for a 4-6 month term to write an advertisement in a way that generates less interest? Look I hear you, I understand the frustration, its not like I dont know what your saying. But the structure of the industry will never end the way you describe.

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Response by SkinnyNsweet
almost 16 years ago
Posts: 408
Member since: Jun 2006

You could simply be silent on the negative aspects of the apartment, rather than trying to euphemize them.

It is transparent and silly -- and you lose credibility in the process. Being silent on these issues or a simple factual statement is unlikely to decrease traffic and enhances your credibility in negotiations after that.

Remember that guy that showed up here about a year ago with the most "honest" copy in all of Manhattan (and he had some crappy apartments), but the copy was catchy and funny? I wonder how it worked out for him.

The tragic aspect of the commons doesn't give you fatalistic carte blanche to exploit externalities.

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Response by West81st
almost 16 years ago
Posts: 5564
Member since: Jan 2008

"Bring your toothbrush" = Requires renovation
"Bring your decorator" = Requires extensive renovation
"Bring your contractor" = Requires gut renovation
"Bring your architect" = Requires demolition

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Response by KeithB
almost 16 years ago
Posts: 976
Member since: Aug 2009

LOL@West81st REBNY should adopt your suggestions as an industry wide advertising standard.

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Response by semerun
almost 16 years ago
Posts: 571
Member since: Feb 2008

I take issue with copy that is used and reused to death that is ridiculously out of date that it's no longer accurate. For example Steps to the 1 and 9 trains....ummmm the 9 train???? When was the last time the 9 ran? Or Steps to (name a restaurant or local store), yet that business no longer exists and hasn't been around for a few years.

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Response by Pirot
almost 16 years ago
Posts: 52
Member since: Jul 2008

And what is the meaning of the phrase "This is a special property for a special buyer"? :-)

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Response by glamma
almost 16 years ago
Posts: 830
Member since: Jun 2009

"short walk to train" = long walk
"newly renovated" = we are trying our damndest to rip you off

this is fun. there are so many! great thread sv96

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Response by polydoa
almost 16 years ago
Posts: 152
Member since: Feb 2009

"gramercy park" = 1st avenue and 31st street

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Response by aboutready
almost 16 years ago
Posts: 16354
Member since: Oct 2007

west81st, nicely done!

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Response by polydoa
almost 16 years ago
Posts: 152
Member since: Feb 2009

"rarely available" = 4 more comps in the same building/line

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Response by ab_11218
almost 16 years ago
Posts: 2017
Member since: May 2009

glamma,
"newly renovated" = we bought the cheapest stuff that looked really nice and you're paying for it ;)

Pirot,
you got to come from special ed not to see the faults in this place.

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Response by 30yrs_RE_20_in_REO
almost 16 years ago
Posts: 9881
Member since: Mar 2009

Just remember in Broker Land, all adjectives are free (sort of like Mad Libs)

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Response by 30yrs_RE_20_in_REO
almost 16 years ago
Posts: 9881
Member since: Mar 2009

For some reason what always comes to mind on this subject is a Broker with a certain reputation advertising an apartment at the Vermeer with the headline "Location! Location! Location!".

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