Like any industry, when you peddle a product or provide a service, the terms and buzz words can be misunderstood.
The abbreviations, letter combinations used can cause uncertainty in a real estate sale. And when you factor in that most buyers and sellers of real estate property listings don't do these big life transfers very often, fear can enter the process.
Being scared of selling a house in time before the three years of back taxes caused a forfeiture and total loss is real scary.
So is a family having their heart set on a new home cross town or the country and the sale of the old one is stalled. Threatening whether the real estate domino will fall in the right direction or at all is terrifying.
Where are we going to live when it is your small family member asking a parent the question makes the home buyer or seller second guess themselves. Are they getting the job done and what are all the real estate expressions, terms being tossed back and forth in conversations and emails?
Between the bank, lawyer, appraiser, and other professionals that can forget their are others in the real estate operation room.
Who wonder what strange, foreign language have you slipped into that has them worried. Baffled on what was just said that somehow if important but not sure why.
It starts at the listing level. If the information on the property listing is neat and complete and all the spaces are filled in, that means the buyer has less unknowns. Hoping, wishing and assuming anything in life or real estate can be disasterous.
Wrong information is bad but missing details the buyer needs to make informed decisions is worse.
Because human nature is left fills in the blanks and not always with the correct answers. It depends on is the person snarky and negative or upbeat and positive? Or are their expectations way to high or down low go with the flow?