Property Description: Everything To Know | Quicken Loans (2024)

What is a property description and how does it affect a home sale? A well-written property description can help home buyers check the boxes they want and is a great place for sellers to show off your home.

What Is A Property Description?

A property description is the written part of the real estate listing that describes the details and noteworthy features of the home. As potential buyersread real estate listings, a well-written description will help pique their interest. Also known as a house description or real estate description, this part of the listing may include interesting features of the home, the floor plan, number of bedrooms and bathrooms and any other information that may show how special the home is.

These descriptions can be important to potential buyers because it helps them get even more information on the home, separate from what they can see in pictures and in the basic facts included in every listing. It also gives the home a little more personality.

Where To Find A Property Description

A property description can typically be found in real estate listings, whether they are online or in print.

What To Consider When Writing A Property Description

Along with proper sentence structure and clear language, your description must follow certain guidelines to create the optimal buyer experience. The potential seller should consider a few do’s and don’ts when writing a property description.

  • Abide by housing laws: It’s important to consider abiding by housing laws when writing a property description because it helps to ensure that everyone has equal access to housing. TheFair Housing Actis a federal law preventing discrimination when people are trying to buy or rent a home, get a mortgage, find housing assistance or engage in other activities related to housing. Writing a property description that discriminates against or excludes individuals or groups based on race, religion, sex, national origin, familial status and disability is illegal and unethical. To avoid this, steer clear of any words that may represent a protected class or make them feel excluded or unwelcome.
  • Consider professional listing photos: Professional listing photos are a must because they can help buyers envision themselves living in the space. They are often the first thing potential buyers see when they come across a property listing giving them a better sense of the property, making them more likely to put in an offer.
  • Avoid overselling: It is important to avoid overselling when writing a property description. Overselling the home and its features will do one of two things: Turn the home buyer off before they even step through the door or disappoint them when they view the home in person. This can erode trust and credibility, making it difficult to establish a positive relationship with clients. This makes for a bad client experience. Be honest about what you’re selling, focus on the sellable qualities of the home and don’t embellish on the less desirable parts of it.
  • Double-check your grammar and spelling: Once you’re done writing the listing description, read and re-read your work. Read the listing out loud and to another person, even.

How To Write A Property Description

Writing a compelling property description is crucial when listing a property for sale or rent. A great listing is written to cast the property in its best light.

1. Create An Engaging Headline

This is the first thing potential buyers will see, so make sure it’s clear, concise and enticing.Buyers scan listings, looking for content that pulls them in and matches their requirements.

To write an attention-grabbing headline, think of the best, most marketable quality of the home and be sure to include it.

2. Provide A Straightforward Introduction

Don’t waste time or prime space with a lengthy introduction that doesn’t provide any information. Instead, get straight to the point and tell the buyer exactly what the listing is about. A good introduction will tell the buyer what they’re looking at and why they want to continue reading.

This is a great place for any other major selling points of the home that didn’t make it in the headline. These are features that don’t need any other description to back them up, like an open-concept layout, multi-car parking, mountain views or lake access.

3. Highlight Key Home Features

What makes this property special? This could include architectural details, interesting history, large backyard, renovated kitchen, original hardwood floors, fireplace, or proximity to schools, parks or public transportation.

A picture may be worth a thousand words, but it often can’t convey all the emotions, benefits, and features like words can. This property description is your chance to highlight the home’s selling points, especially if they’re easily represented in thelisting photos.

4. List Any Promotions

If you’re trying to sell the home fast, consider a special promotion to motivate the buyer even more. After a descriptive and creative narrative of the home, a special promotion can be the final thing that excites the home buyer and provides the extra push to contact you.

Such promotions could include a discount on the sales price or an offer of seller concessions to offset some of the potential buyer’s closing costs. Be sure to avoid language that makes your sale sound desperate.

5. Write A Captivating Call To Action

Tell buyers what you want them to do next. The call to action should tell buyers how to contact you and can even create a sense of urgency that will have them acting fast.

Direct them to get in touch with phrases like “Schedule a tour now. Call us at 555-5555” or “Don’t miss out on this house. Call us now at 555-5555.”

Take the first step toward buying a house.

Get approved to see what you qualify for.

Property Description Examples

1801 Woodward Ave., Detroit, MI 48201

Luxury Apartment in the Heart of the City! Discover urban living at its finest in this spacious 2-bedroom, 2-bathroom luxury apartment. With floor-to-ceiling windows, you’ll enjoy breathtaking city views from every room. The open-concept kitchen features top-of-the-line stainless steel appliances and a granite countertop island perfect for entertaining. Relax in the primary suite with a spa-like bathroom and walk-in closet. Building amenities include a rooftop pool, fitness center, and 24/7 concierge. Steps away from trendy restaurants, shops, and public transportation. Reduced price. Schedule a tour now. Call us at 555-5555.

4905 Wiita St., Los Angeles, CA, 90041

Eagle Rock Urban Oasis! This charming home is nestled above a quiet street in desirable Eagle Rock. This 3-bedroom, 2-bathroom home features beautiful landscaping with terraced gardens and multiple outdoor patios with plenty of room for friends and family. Perfect for al fresco dining and entertaining! The interior features an abundance of natural light, hardwood and bamboo flooring, central air/heat, fireplace, and a bolted foundation. The detached two-car garage is perfect for a studio or workshop. Convenient Northeast Los Angeles location with easy access to the 2 and 134 highways. Seller concessions. Don’t miss out on this house. Call us now at 555-5555.

What Is A Legal Description Of Property?

It’s important to note that there is another type of description for a property. It’s known as a legal description and, while it’s an important part of the home buying process, it serves a different purpose from a home description. The legal description of a property is usually found on the most recent property deed on file with the county clerk. It’s important when potential buyers are looking for a property listing because it provides a clear and accurate way to identify the property from all other properties. However, details like the street address, floor plan, square footage, and the number of bedrooms and bathrooms are not typically included in a legal description of property.

Serving as the foundation for transferring real estate, it’s an important aspect when selling a home because it is required in deeds, mortgages, and other legal documents.

The Bottom Line

Understanding how to write a property description matters. Do your research ahead of time and talk to your real estate agent to get a sense of the information needed for writing a property description.

Property Description: Everything To Know | Quicken Loans (2024)

FAQs

What is real estate loan description? ›

Real Estate Loan means a Transferred Loan that is secured primarily by a mortgage, deed of trust or similar lien on commercial real estate (other than hotels, restaurants and casinos) or residential real estate.

What credit score does Rocket Mortgage use? ›

Rocket Mortgage® requires a minimum credit score of 580 for FHA loans. A mortgage calculator can help you estimate your monthly payments, and you can also see how your down payment amount affects them.

What is the downside to Rocket Mortgage? ›

Rocket Mortgage isn't the cheapest option out there. The lender's advertised rates are often higher than Bankrate's national averages, and you'll also pay lender charges, such as origination and rate-lock fees.

What is the first step in getting approved for a mortgage loan? ›

Choose A Lender and Get Preapproved For A Loan

Mortgage preapproval shows you how much a mortgage lender is willing to lend you. Mortgage lenders calculate this amount and your interest rate by assessing your income, credit history, credit report, assets and credit score.

What is loan description? ›

What is a Loan? A loan is a sum of money that one or more individuals or companies borrow from banks or other financial institutions so as to financially manage planned or unplanned events. In doing so, the borrower incurs a debt, which he has to pay back with interest and within a given period of time.

What is the description of mortgage property? ›

A mortgage is an agreement between you and a lender that gives the lender the right to take your property if you don't repay the money you've borrowed plus interest. Mortgage loans are used to buy a home or to borrow money against the value of a home you already own.

What credit score is needed to buy a $300k house? ›

Credit Score

For a $300,000 home, you'll likely need a good credit score: 740+: Best rates and terms. 700-739: Slightly higher rates. 660-699: Higher rates, may require larger down payment.

What credit score do I need for a $3,000 loan? ›

While some personal loan lenders allow you to apply with a very low credit score, many require a minimum credit score of 660 or 700 to be considered for a $3,000 personal loan. Generally, the higher your credit score, the less interest you will pay.

What will disqualify you from an FHA loan? ›

The three primary factors that can disqualify you from getting an FHA loan are a high debt-to-income ratio, poor credit, or lack of funds to cover the required down payment, monthly mortgage payments or closing costs.

Why is Rocket Mortgage being sued? ›

SANTA ANA, Calif. – A Latino civil rights organization is suing a national mortgage lending company for its policy of unlawfully denying a loan to a recipient of DACA (Deferred Action for Childhood Arrivals) based on his immigration status, according to papers filed in federal court last week.

Is it hard to get approved with Rocket Mortgage? ›

To successfully get a home loan with Rocket Mortgage, you need a minimum credit score between 580 to 680, depending on the type of loan you apply for. Ideally, your monthly DTI shouldn't be more than 45%—but lower is always better.

Who is favored to win Rocket Mortgage? ›

In 2023, three players shot 24-under par through four rounds with Rickie Fowler eventually winning in a playoff. This week, Tom Kim is the favorite in the 2024 Rocket Mortgage Classic odds at +1200. Cameron Young is the +1600 second choice in the Rocket Mortgage Classic 2024 field.

What is the easiest mortgage loan to get approved for? ›

An FHA mortgage is usually the easiest home loan to get. You can qualify with a credit score as low as 580 (with a 3.5% down payment) or even 500 (with a 10% down payment). You can also usually qualify for an FHA mortgage with more debt than with a conforming mortgage.

How do you increase your chances of getting approved for a mortgage? ›

8 Tips To Help You Get Approved For A Higher Mortgage Loan
  1. Improve Your Credit Score.
  2. Generate More Income.
  3. Pay Off Debts.
  4. Find A Different Lender.
  5. Make A Down Payment Of 20%
  6. Apply For A Longer Loan Term.
  7. Find A Co-Signer.
  8. Find A More Affordable Property.

How much money do you have to have to get approved for a mortgage? ›

In addition, you need to have a credit score of at least 500, a down payment of at least 3.5 percent, and a DTI ratio of less than 50 percent. No specific income minimums are required.

What is a loan description document? ›

Financial Institution-Provided Loan Documents

Depending on the loan, a promissory note, deed of trust, security agreement, agreement to provide insurance, and UCC financing statement may be generated during the loan process.

Is a real estate loan the same as a mortgage? ›

Consumer mortgages are a type of loan from a bank or lender to help you finance the purchase of a home. Commercial real estate loans, on the other hand, lend business owners a sum of money to invest in their business.

What is the meaning of estate loan? ›

An estate loan is a loan that occurs during probate that lasts for the term of the probate process and requires interest payments. Many times an estate loan has to be secured by assets outside of the estate.

What is a finance job description in real estate? ›

Real Estate Finance Job: Loan Officers

With their real estate and financial expertise, loan officers help clients by performing the following tasks: Analyze the market. Evaluate an individual's or company's financial position. Secure funds for purchases, from small properties to large portfolios of holdings.

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