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Real Estate Referees

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Posted 09-08-2012 at 08:43 AM by Roy Sanborn



So, Labor Day has come and gone. The tourists are gone too, but we’ll get a flurry of them back for the foliage. Let’s hope so because as of September 1, 2012 there were still 1,337 residential homes for sale in the communities in this Lakes Region real estate market report. The average asking price was $483,460 with a median price point at $259,900. The inventory level dropped a bit from 1,351 last month and 1,399 last September so that’s pretty good. The average asking price last September was $521,155 and the median was $289,900. The current inventory level represents an 18 month supply of properties to sell which isn’t great, but better than the 22 month supply last September.



Football season is here once again! It opened with the World Champion New York Giants getting their behinds kicked by the Dallas Cowboys. As I was watching the game, (yes, I am a Cowboys fan) I realized how the penalties in football must have been derived from real estate terminology or maybe vice versa. And you may not know (and probably don’t care) that the NFL refs are on strike. They have substitute refs from Division II Colleges and the Arena Football League colleges working the games. That means that the striking refs are available to work in real estate for a while. Wouldn’t it be nice if you had a referee present to throw a flag when something was getting a little whacky? It’s a great idea, but I am not sure we could compete with their pay requirements.

Here is a breakdown of the common penalties as we see them in the real estate world:

False Start: That’s when a buyer makes an offer but gets cold feet and backs out of the deal. This should be a 15 yard penalty for causing everyone to do a lot of work for nothing.

Interference: That’s what parents usually do with first time home buyers!

Illegal participation: When someone brings their know-it-all friend and advisor to a showing.

Unsportsmanlike conduct: When the seller throws a tantrum over a perceived low offer on his home.

Delay of game: That’s when a seller delays answering an offer because he has another showing the next day and wants to see if it is higher.

Substitution infraction: That’s when a seller tries to replace that beautiful lighting fixture that was in the house with a $29.99 Home Depot special after the buyer makes an offer.

Spearing: A really low offer.

Tripping: A successful ploy in negotiations that gets either the buyer or the seller what they want.



Some of the terms aren’t really penalties, but are really just real estate lingo:

Holding: Which real estate firm is escrowing the good faith deposit?

Encroachment: Well, that's the shed that is partially on the neighbor’s property…

Block in the back: A piece of wood that is holding up the back deck, but is not to code according to the inspector.

Chop Block: Small movable kitchen island made out of wood.

Illegal contact: A stove pipe that is touching the wall and could cause a fire. (see illegal use of hands below.)

Offsides: That refers to the side setbacks for buildings on a lot.

Illegal motion: You know, when you walk across the floor and you can feel it bounce under you.

Illegal use of hands: A poorly done do-it-yourself repair that should never have been attempted.

Illegal formation: A code violation of some sort.

Intentional grounding: This is not really a violation at all, it is required by the electrical code.

Personal foul: A disgusting smell in the home usually attributed to cat urine or mold.

Face mask: duh? What you have to wear when there is a personal foul.

I am glad I could explain all of this stuff to you. It all really makes sense when you think about it. Now you know a lot more about football and real estate then you did before! Go Cowboys!


Data was compiled as of 9/1/12 using the Northern New England Real Estate MLS System.

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