03/08/2013 03:34 pm ET

Trulia's 'Real Estate Lab' Reports Home Listing Code Words That Could Mean Trouble

If you see these words in a real estate or rental listing, run like the wind.

We always suspected the real estate world had its own lingo, but Trulia confirmed our suspicions in its latest Real Estate Lab report.

The site looked at over a million home listings and found a correlation between certain words and a home's listing price. For instance, the average cost for a home that has a "parlor floor" was $4,935,632. (But we kind of figured that any phrase that references a classic 1870s brownstone might be a little out of our price range.)

However, their list of inexpensive homes and the words used to describe their state was revealing. A phrase like "minimum commission applies" doesn't really seem scary but according to MSN, it means that a home is priced so low that the agents want more than six percent commission as a fee.

And even though some homes with "mold-like substance" run for only $45,094, we're not sure if they should be put on the market at all -- yuck! Especially since it can pose such health hazards. Scroll down to see some other real estate code words that mean trouble.

Minimum commission applies
Lead-based paint notices
Mold-like substance
Defective paint
City inspection
Repair plumbing system
Cute little bungalow
Septic repairs
Hud owned offered as-is
Starter-home investment property

Head over to Trulia to find out the prices for homes with these phrase. And be sure to click through our slideshow of the world's happiest cities.

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