Practice vs. Theory One of the biggest areas of confusion in residential real estate is, “exactly what constitutes a legal bedroom?” In particular, to be a legal Bedroom, does the room have to have a closet? The short answer: it depends on the local city’s code requirements (some require it, some don’t). MLS Guidance However,...Read More
Practice vs. Theory One of the biggest areas of confusion in residential real estate is, “exactly what constitutes a legal bedroom?” In particular, to be a legal Bedroom, does the room have to have a closet? The short answer: it depends on the local city’s code requirements (some require it, some don’t). MLS Guidance However,...Read More
Bedroom Sizes: “Small,” “Medium,” and “(Extra) Extra Large” You certainly can call a 36′ x 13′ room in the basement of a home a “Bedroom,” as a certain listed Golden Valley home does now. But, that doesn’t make it so. That’s true even if the room technically meets the criteria for a legal Bedroom: it...Read More
Technical vs. Functional Definition Test your knowledge of residential real estate by answering this question: Who defines what constitutes a legal bedroom? A. The county where the home is located; B. The city where the home is located; C. The local multiple listing service (MLS); D. The listing agent representing the Seller. Answer: “A.” or...Read More
Deciphering “Realtor-Speak” “Tax Rex auto-fill mls as 4BR. 2nd BR on main used as TV room. Tax Rex say 2022 FSF I say 1,697. Upstairs BR has sitting room of 8×6.9 with cozy Window Seat. No RR’s just G-ma’s Cosmetics! SOLID HOME! Late April Close Needed for Estate Sale. AS-IS!” –Excerpt, MLS listing Need some...Read More
Want ten years of selling experience distilled into one sentence? The way to sell houses is to exceed Buyers’ expectations (plus dangle a tempting price, and stir up lots of “pre-list” and “new list” buzz). The corollary to that would be, “the best way to lose a Buyer is to disappoint them.” Exhibit A How does that work ...Read More