Where cozy means tiny and charming means needs work.
The legal sleight of hand where a buyer transfers their purchase contract to another buyer before closing, often used by wholesalers who never intended to own the property. It's contract flipping without the renovation show.
The rate at which available homes are sold in a specific market during a given time period. Think of it as the speed at which the market 'eats' inventory—crucial for determining whether you're in for a feeding frenzy or a slow dining experience.
A sale term indicating the property is being sold in its current state with no repairs, warranties, or guarantees from the seller. Translation: buyer beware, because that mysterious smell and creaky foundation are now your problems.
A metric unit of land area equal to 100 square meters—basically a tiny plot that real estate developers pretend doesn't matter when calculating density.
Buying a property exactly as it is without repairs—the seller's way of saying 'don't say I didn't warn you.'
The expensive metal boxes that come with your home and inevitably break one week after the warranty expires. In real estate listings, 'stainless steel appliances' is code for 'we did the bare minimum to make this place sellable,' while 'appliances included' means they're too old to bother moving. These kitchen and laundry machines represent the intersection of necessity, status symbol, and planned obsolescence.
Someone meeting SEC wealth requirements ($200,000+ annual income or $1M+ net worth) eligible for private real estate securities—basically the rich kids' club.
The projected value of a property after renovations, an educated guess that's frequently less educated than anticipated.
A mortgage with an interest rate that adjusts periodically, a financial arrangement that seems great until rates rise.