Get your mind out of the gutter! It refers to looking at and drooling over the best, most outrageous properties. ( Side note: they don’t like be referred to this way, I know because I am married to one…) It means electrical light fixtures.Ī slang term for a home stager. You may see this in the description on a real estate listing and no, it’s not Santa’s helpers. This is usually code for, “I can’t sell this house any other way!”Įither the home is priced artificially low to attract a bidding war or Nobody wants it! Good examples are, “unspoiled basement” or “unspoiled backyard.” If you believe every MLS description you read, you would think we have a million charming houses in Mississauga! Most of the time it means small.Ī nice way to say that nothing has been done by the previous owner. Keep in mind that the real estate term executive is subjective, meaning that people and agents can use it freely based on their observation… I’ve seen my fair share of 40 year old, run down “executive town homes!” One final note- executive usually has an Executive (higher) price tag.Īs in, “the stunning home has tons of potential!” In reply to that I have five words: Get out your cheque book! It is commonly used to describe a property, such as Executive Town House, or Executive Home. The word executive always conjures up images of ‘better’ or more sophisticated. This is one of my favorite real estate terms, because it indicates a real upside to an otherwise run down property. For fun I’ve added my definition if the word is commonly used for the wrong purposes. Below I have compiled a small list of real estate terms that are sometimes mistaken. Like any other industry, the real estate industry has certain terms that are commonly used but not always understood.
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