Wed, 16 September 2015
Lynnsy Logue for The Book of Condos:
A.No. The builder has this in operating expenses and you don't save money by going it alone.
2. What role does a real estate broker play in new construction?
A. Helps you with financial options: negotiating the contract, selecting the best mortgage options, studying the incentives, suggesting an inspector, reading the small print, reviewing the closing statement.Your broker is your advocate.
Would my broker work for me even though the builder pays the brokerage fees?
Yes. There is a standard form you can sign with your broker and the builder which states that your broker works for you and the builder is paying the fee. It states that the broker is loyal to you and represents you exclusively.
If there is a problem with the loan or the construction, will my broker be able to help...even if I use the builder's lender?
Yes. Your broker is able to jump in...anywhere, anytime to protect or explain your interests and concerns.
Isn't it easier just to work with the builder's sales agent?
Sometimes sales go without a hitch, a broker earns their salt by coping with the problems...and handling the details.It costs you no more to have an advocate. Also working with the builder's sales agent could be considered dual agency where no one really has representation.
Tue, 15 September 2015
Lynnsy Logue for The Book of Condos: Basic Use
There was a time when condominiums were often the first choice for home buyers. First timers find them attractive...in price, maintenance, and for the amenities: pool and tennis. Young marrieds and empty nesters are both drawn to the concept...with little need for playgrounds and other little chums to play with, attached housing is a logical choice. The market prices represent a wide range for various economic backgrounds. Often times condominiums and town homes offer communities of similar lifestyles.
Commercial condominiums have always been with us in Charlotte. They offer the only significant alternative to leasing space. It is a viable alternative for owners can keep pace with inflation. Commercial condominium afford excellent tax benefits and appreciation to boot. Small groups of doctors, lawyers and accountants, health care providers, consultants find office condominiums flexible and highly attarctive as investment property.
Some creative approaches around the Charlotte region include live/work arrangements.
There are many kinds of conversions: apartment houses, office buildings, mobile home parks, marinas, parking garages and many different kinds of rental property are being processed throughout the country. Where are conversions in Charlotte? Rockledge in Myers Park, Churchill in Cotswold, The Poplars, Uptown and Heathstead, South Park, which has a very interesting history.
At the beach, golf course communities, ski slopes and other vacation and recreation areas...resort condominiums for the professional instructors. A draw for investors and seasonal users are typical candidates for this market. With the change in the tax laws, second homes are heading list of home owners.
Tue, 15 September 2015
My father came home one day and announced that our