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The Joy of Jargon

-By Chiara Lawrance, Account Manager at Property House Marketing

As a relative newbie to the property world, the abundance of industry jargon can seem like a minefield. In my first month here at Property House Marketing, I have come across a number of buzzwords in the media and in conversations with others in the industry. In most cases, these words are just an easy way of explaining very common situations for buyers, sellers and estate agents. Here is a list of my top five favourites so far:

  1. Flipper – Surprisingly, not the dolphin from the 1960s/1990s children’s film. It is a term referring to an investor who will buy a property and then sell it on quickly for a profit. There are two ways of doing this, either the investor will spend time renovating the property, or will leave it as it is and hope the market value increases.
  2. Tyre Kicker – Much to the annoyance of many an estate agent, this is someone who views properties without any intention to buy.
  3. Gazumping – In the current property climate there are often a number of eager potential buyers for one house. Gazumping occurs when a buyer accepts a higher price offer when they have an offer accepted on their property.
  4. Gazanging – A term used when a buyer takes their home off the market and decides to stay put, even though an offer has already been accepted.
  5. Gazundering – This occurs when a buyer reduces their offer just before contracts are exchanged. This leaves the seller in a difficult position and is intended to make them accept the lower offer in order to not prolong the process.

I’m not sure how many more words can follow on the ‘gaz’ theme, but it’ll be interesting to see what new phrases are coined over the next few months/ years. Of course, property isn’t the only industry to use its own jargon, but it certainly has the most intriguing names.

Get in touch with Property House Marketing for PR without the jargon. Call 01483 561119 or email info@housegroup.co.uk

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Three ways to talk to a journalist (without using a press release)

-Lisa Flounders, Account Director at Property House Marketing

There is more than one way to skin a cat, as the saying goes. While we certainly don’t condone that in a literal sense, the meaning is one we take seriously at PHM.

Even as the world moves on, and PR becomes increasingly digital (along with most everything else) we firmly believe that the traditional press release still has its place. However, one size does not fit all, which is true of both clients and journalists – a varied approach to media relations is, and will continue to be, the most effective way to share your message. So beyond the humble news release, how can you ensure your content reaches its target?

  1. The feature pitch

The humble press release should exist to share news, not story angles, and will land in a journalist’s inbox with plenty of other press releases vying for attention. If you have a good idea for a story that provides context to your content, send a simple email instead. A couple of paragraphs and a clear, direct explanation makes for easy and quick reading for a busy journalist.

  1. Twitter

If Facebook talks to community and LinkedIn talks to business, then Twitter talks to everyone. Twitter provides an instant link between journalists and those of us looking to feed in content, against a backdrop of breaking news – ideal for finding those all-important hooks – and urgent media requests issued 20 minutes before a deadline.

  1. Phone

Email is a great tool for ensuring accuracy and creating a paper trail, and evidence suggests that any communication that avoids spoken dialogue seems to be the method of choice for millennials. Breaking with this trend, we’re big fans of the humble telephone – a verbal, instantaneous conversation means that you’re not only able to convey information effectively, but have a better insight into what journalists are looking for. No square pegs/round holes.

 

If you’d like to talk to PHM about a bespoke approach to your PR requirements, call us on 01483 561119 or email info@housegroup.co.uk.