Commercial Real Estate Investing

Commercial real estate investing can be very intimidating to those who are learning everything that is involved in the business. I bought my first commercial rental property a few years ago and it took a while to learn all the ins and outs. I had been investing in residential properties for more than a decade ... Read more

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“Meticulously Maintained,” Deciphered

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Not new — but “meticulously maintained.” Real Estate Synonyms — and Antonyms True or false: “Meticulously maintained” means the same thing as “updated.” Give up? The correct answer is “False.” In fact, “meticulously maintained” is almost always Realtor code for not updated. Ditto for synonyms such as “well-loved,” “quaint,” “vintage,” “long-time owner,” etc. (all very nice things, by the way — just not the same as “updated”). See also , “ Real Estate Marketing 101: When to Acknowledge a Home Needs Updating — & When Not To “; “ Real Estate Euphemisms “; and “ Real Estate Clichés and How to Avoid Them .” from RSSMix.com Mix ID 8230700 https://ift.tt/2I20bKN via IFTTT
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Inspecting Condo’s

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Life is Inspections are like a box of chocolates. You never know what you’re gonna get.” –Forest Gump (paraphrased). [ Note to Readers : The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced. If you need legal advice, please consult an attorney.] Why should a Buyer waste $300 or $400 inspecting a condo that doesn’t have a foundation, roof, or other structural elements? Why not just apply roughly the same amount towards a home warranty, that will protect the Buyer in the event that something breaks? Two reasons: 1) home warranties exclude preexisting conditions; and 2) to mangle  paraphrase Forest Gump, you never know what an inspection is going to turn up, even in a condo that is updated and appears to be in pristine condition. Limits of Seller Disclosure So, I’ve seen condo inspections uncover stealth issues relating to windows, plumbing, or other condo features that no one suspec...
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Home Seller (and Staging Client): “It Looks So Good, Now I Don’t Want to Move!”

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