Where cozy means tiny and charming means needs work.
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.
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 past-tense acknowledgment that a professional has officially determined your property's market value, often resulting in celebrations or tears depending on whose side you're on. This valuation becomes the gospel truth for lenders deciding how much money they'll actually give you. Getting appraised is like being graded on a test where the questions keep changing based on what your neighbor's house sold for.
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 property tax based on the assessed value of real estate, meaning the more your property is worth, the more you pay. Latin for 'according to value,' or as homeowners call it, 'penalty for improvement.'
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.
A major retailer or business attracting other tenants and customers to a property—basically the cool kid that makes the location worth visiting.