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Tuesday, August 05, 2008
Home Buying Experts Publish Report on Home Buying Euphemisms
Comtex
AVONDALE, Ariz., Aug 05, 2008 /PRNewswire via COMTEX/ ----With the downturn in the real estate market, exaggerating a home's positive features and downplaying the negative seems to have shifted into high gear. A member survey and report from the National Association of Exclusive Buyer Agents (www.naeba.org) has collected some of these euphemisms from around the country and they have been published in a free report. The report, titled "Home Buying Euphemisms and Lingo, How to Read Between the Lines When You're Shopping for a Home" helps buyers better understand some of today's property descriptions and contains survey responses both serious and humorous. The report is available as a free download at the association Web site: http://www.naeba.org/euphemisms
"As the national organization of real estate companies who represent only buyers, we try to help home buyers look at homes objectively. But as we are evaluating homes with buyers we often run across this puffing from the real estate agents working to sell the home for the highest price," reported Barry Nystedt, President of the NAEBA.
The report includes actual agent experiences with listing descriptions and provides four different strategies for buyers to use when they are evaluating homes.
"Seeing the term FROG in the description is normally good news, since it means Finished Room Over the Garage in many parts of the country. On the other hand, seeing the phrase, subject to third party approval, often means a lot of extra frustration for home buyers as explained in the report," Nystedt added.
The National Association of Exclusive Buyer Agents was founded in 1995 to help consumers become educated home buyers. NAEBA is a nonprofit organization whose purpose is to be the "champions of real estate buyers' rights and representation." NAEBA offers industry standard certifications, ongoing education, client referral services, technology and information sharing. The NAEBA Code of Ethics pledges undivided loyalty to real estate buyers only. More information about NAEBA can be found at www.naeba.org
SOURCE The National Association of Exclusive Buyer Agents
http://www.naeba.org
Copyright (C) 2008 PR Newswire. All rights reserved
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No, it's not a dance craze. Contago is a condition of supply and demand, essentially a fancy word to say that prices for items, typically commodities, are cheaper now than they would be at some point down the line.
Anything that¿s sold in the futures market can be in a case of contango. Futures are exactly that: a contract to buy an item or asset at a price in the future. This is the case with oil, with traders buying and selling contracts to acquire a barrel of oil in months down the line. When a market is in contango, spot prices, or the price of a commodity if you were to buy it right now, are lower than forward prices.
Why is that important? Well, it usually tells you the supply of a given commodity is plentiful (since, according to Economics 101, a large supply usually leads to cheap prices).
Incidentally, if you think contango is a mouthful, its opposite condition is known by the equally tongue-tying term backwardation.
