Cozy

Definition

Real estate code for a space so small that your bed IS the living room. If the listing says cozy, pack a magnifying glass for the viewing. Your furniture will need to audition for a spot, and not everyone is making the cast.

Example Usage

"The listing described the apartment as cozy. When I visited, I had to step outside to change my mind. There literally wasn't room to do it indoors." - A claustrophobic buyer

Related Terms

Beginner

Buyers Market

A mythical economic condition where buyers actually have negotiating power and sellers sweat for once. It happens roughly as often as a solar eclipse, and real estate agents speak of it in hushed, reverent tones.

🏠 Real Estate

Advanced

floor area ratio

The ratio of total building floor area to the size of the land parcel, expressed as a decimal that determines building bulk. A FAR of 2.0 means you can build twice the square footage of your lot, just stack it up.

🏠 Real Estate

Advanced

cash on cash return

A performance metric showing the annual pre-tax cash flow divided by the total cash invested, expressed as a percentage. It's how rental property investors measure whether they're getting a decent return or just being a charity for tenants.

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Advanced

Loan-to-Value Ratio (LTV)

The loan amount as a percentage of property value, essentially how much risk the lender is taking on your deal.

🏠 Real Estate

Intermediate

upside

The potential for future value appreciation or income growth in a property, typically based on improvements, market trends, or repositioning strategies. It's what optimistic investors see when everyone else sees a money pit.

🏠 Real Estate

Intermediate

Rent-to-Own

Renting with an option to purchase later, effectively allowing tenants to try homeownership before committing.

🏠 Real Estate

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