Top 10 English Slangs for Real Estate Broker

Top 10 English Slangs for Real Estate Broker 1. Fixer-Upper A fixer-upper refers to a property that requires significant repairs or renovations. It's often priced lower than other properties, making it an attractive option for buyers who are willing to invest in the necessary upgrades. 2. CMA CMA stands for Comparative Market Analysis. It's a report that real estate agents prepare to determine a property's value based on recent sales of similar properties in the area. It helps both buyers and sellers make informed decisions. 3. FSBO FSBO stands for For Sale By Owner. It indicates that the property is being sold directly by the owner, without the involvement of a real estate agent. Buyers often consider FSBO properties as they might offer more flexibility in negotiations. 4. DOM DOM stands for Days on Market. It's the number of days a property has been listed for sale. A high DOM could indicate that the property is overpriced or has other issues, while a low DOM suggests high demand. 5. COE