In real estate, what does it mean when the advert says - "must see" property? Is it really bad or really good?

Answer 1

Neither necessarily. Usually it means there is something about the property that will be an attractive point to many.

Such as great landscaping, has extra amenities, has great potential for changes (obvious ones, like tearing out a wall between kitchen and dining room etc). It may have 3 bedroom which is the biggest seller in many areas or other great feature that many want.

But basically the idea is to generate interest and get as many viewing the place as possible. More viewings the better the odds of an offer. Some agents use this when they should not, but it's their tactics of selling.

Answer 2

That depends. If you are purchasing a property outright, then yes all the items you mentioned are your responsibility. There are other options available though, such as REITs (Real Estate Investment Trusts), which basically pool investors in real estate similar to how mutual funds pool investors in stocks. Other options are to by stock of real estate companies, or to invest in certain real estate funds such as those offered by private equity companies. Which sector is best to invest in? That also depends. Each asset class yields different returns and is impacted differently by market forces. For sale residential, Multi Family Rentals, Offices, Industrial, Hotels, Golf, etc all react differently. Other questions are, is the asset already leased/ready to sell or in the middle of development? Basically, there is a wealth of information to study to determine what investment is best for you. If you are interested in this field, this is definitely something you will want to read up on first. Do you have to "keep tabs". Again, this depends based on the type of investment vehicle you are looking at. If you are investing outright by purchasing an asset, it is 100% your responsibility, while other investment choices may require less oversight, but still warrent your knowledge regarding the ongoing operations.

Answer 3

It's just fluff talk to try to convince you it's "special." It can be because the description doesn't make it stand out, but frankly, for the "must see" when I've bothered to see them, I've not been impressed--frequently some crazy "design" idea that makes for a completely impractical floor plan OR it's just a standard tract house that they slapped fresh paint on and maybe have a few nice pix or something so they think that justifies the price.
Remember with the technology now, if it were that breathtaking there are pix and virtual tours as well that will make someone want to come take a look.

Answer 4

It means next to nothing.

It _USED_ to mean that the property had either unique features that couldn't be explained well, or that it had been fitted out to a very high standard.

However, too many realtors / estate agents started using it in their descriptions because their clients insisted they did (and the Realtor has to keep her clients happy.) Hence, it's now one of those buzz phrases that gets added.

A study of Windsor, Ontario, home sales from 1997 to 2000 found that listings using words such as "beautiful," "good value" and "handyman special" sold faster, while listings with "rental" and "motivated" sat longer, and "must see," "vacant" and "moving" made no significant difference.

Answer 5

It means that the property is really a good buy and a great deal. It also means that the property is really decorated and usable and probably landscaped to the maximum. But, when all said, many Realtors over use the term, to sound catchy and enticing to the prospective buyer.

Answer 6

A marketing gimmick used by many realtors. Most of their ads say this. Some of the few honest ones may use this sparingly, but, for th emost part, words like this should man absolutley NOTHING. Marketing hype.

Answer 7

The Realtor usually means that it is really good! Perhaps the exterior belies the fact that the interior is perfect or the price is low, but the property is great.

Answer 8

I would completely ignore the comment. It is just a marketing PLEA to get you to look at the property. It does not mean it is a high value or anything of the kind.

Answer 9

Neither, really.

It is marketing phrase used in advertising. I only use it if there is something unique about a property that won't photograph well.

There are some Realtors in my area that put "View today!"or "Must see!" in almost every ad they write. *yawn*

Answer 10

It means if you are looking then check it out...could be just the right one for you. Something special about it, or lots of character, and different. Well done in interior designing, great landscaping....thats usually what it means.