“Estate” is a Word with Many Meanings

The word

“estate”

is one of those words that can carry a boatload of different meanings. As part of the “Costa Mesa real estate” caption, it’s one of the positive ones.

“Real estate”

means physical property that’s anything but imaginary. In fact, the U.S. Constitution initially restricted voting rights to owners of real estate!

As a stand-alone,

“estate”

can summon up images of large houses surrounded by extensive areas of land. Visions of the nineteenth-century land barons come to mind. Aristocrats riding to the hounds across lush countryside might be evoked. In this sense, the word triggers associations with success, riches, power, and abundance.

But another association is with the end of life—it denotes all the money and property owned by a person when they pass away. This is the less cheerful meaning, although it, too, evokes valuable things—possessions that have value (sometimes great value).

The reason this deep dive into the word is relevant to Costa Mesa readers is because of the way it is sometimes used in Costa Mesa listings: “estate condition.” This does not mean that the Rockefellers have decided to put one of their spare mansions on the market.

“It means fixer-upper.”

You might think that this is an example of bait-and-switch deception, but that’s really not the case. Realistically, no house hunter who expected to tour a palatial estate would be fooled for long by the description; the listing photos alone would instantly correct any such impression. “Estate condition” is simply real estate-ese for a residence which is in need of extensive renovation, as is sometimes the case when elderly homeowners have been content to reside in familiar (but now out of fashion) surroundings. To the next owners will fall the effort and expense of updating.

Whether your own property is in turnkey or estate condition—or anything in between—do give us a call when it’s time to sell. We’ll make sure its full value is what the house-hunting public gets to see!

We are built on a philosophy of Heritage & Hustle. The L3 is a full service real estate agency with a regional office located in the heart of #CostaMesa, offering a wide-array of custom services to meet their clients’ needs with roots in the community since 1976. It’s L3 mission is to provide trusted, convenient, responsive service to ensure clients enjoy their real estate experience. The L3 was originally formed to offer personal, concierge-level service as an alternative to the large, nationally based real estate companies. From its small beginnings of only two employees, The L3 has grown to a full staff of 25 serving over 300 clients a year. The L3 is not limited to serving just its clients; it is also committed to serving the community. Not only has The L3 donated hundreds of hours to many area charities, they have also received the prestige of being named one of the #toprealestatecompaniesinCostaMesa If you’re interested in #buyingorsellinginOrangeCounty, turn to the experts. Turn to The L3 and let them help you make your real estate buying or selling dreams come true. For more information or to get started on finding or selling your home contact The L3 today at 714-444-4663 or email us at info@thel3.com

%d bloggers like this: