Love It Or List It Australia

Andrew Winter translates some common real estate buzzwords

Ever wondered what a boutique property really means when you're reading the weekly listings?

If the jumble of words you're reading on the buying or renting pages of your favourite real estate site is making you confused, you're not alone.

Every industry has their buzzwords, which can be very confusing! So, let property expert Andrew Winter debunk some of the commonly used phrases that the real estate industry uses. 

Boutique

What does boutique actually mean in real estate terms?

"This simply refers to a property that's in a different category, something you may describe as quirky or unsual," Andrew explains. Would he check out a boutique property? "Absolutely!" he exclaims. 

Reduced for a quick sale 

What a great turn of phrase, right? Andrew agrees and says it might signal it's time to get your negotiaion skills up to scratch!

Close to transport

Although this sounds like a wonderful prospect, Andrew advises to be wary.

"It could mean the stop is literally three metres from your bedroom window, or the train track is so close that you'll know the timetable by heart, or maybe you’re directly under the flight path," Andrew cautions. 

Renovator's delight

One of Andrew's favourite terms is 'renovator's delight'.

"How many times have you seen this, only to discover it's a knock down shed-like building," Andrew says. "You'd have to be on Neale Whitaker's 'Love It' team to be described as a delighted renovator. For me I'm more about happy listers!"

Watch Love It Or List It Australia, Wednesdays, 8.30pm EST on LifeStyle or On Demand

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