Tag

residential real estate

“Modern Family” Realtor Reality Check

Drones & Residential Real Estate It hardly detracts from the story line, but it’s not exactly the case that real estate brokers now have their own drones*, which they make available to their agents (pictured at left:  fictional Realtor Phil Dunphy operating said drone). Rather, professional photographers are adding aerial shots taken by drones to...
Read More

Real Estate’s OTHER Acceleration Clause

How Lenders (& Local Governments) Avoid Getting Left Holding the Bag First, a word about real estate’s better known — OK, less obscure — acceleration clause. Also known as a “due on sale” clause, it’s that little paragraph in very fine print at the end of each mortgage that provides if the homeowner transfers title...
Read More

Lazy Lockbox Codes

What’s the Listing Agent’s Defense If There’s a Security Issue? If you had a briefcase — does anyone anymore?? — you probably wouldn’t walk around with the latch code set to “0-0-0-0” (the factory setting). So, it’s always a bit of a head scratcher as a Buyer’s agent to request a home showing, then receive...
Read More

Real Estate, Twitter & Technology

“The More Things Change . . .” [Editor’s Note:  In honor of Twitter’s IPO tomorrow, I thought it was timely to re-run this post from more than 4(!) years ago, offering my perspective on how technology and specifically social media are impacting residential real estate.  P.S.:  Oh — and I was right about Susan Boyle,...
Read More

“Sold ‘As Is’ . . . As Of” (Rhymes with “Asimov”)

Fill in Date [Here] As if to underscore the point, commercial real estate guys like to say, “As Is . . . Where Is.” I have my own suggested tweak:  “Sold ‘As Is’ . . . As Of.” As in, “As of the date that the Buyer and Seller signed the contract.” Adding “As Of”...
Read More

Manhattan’s $3 Billion Ghost Tower

1st Home?  Try, 2nd (or 4th) According to the developer of 432 Park, there are already signed contracts for nearly $1 billion worth of apartments at the building; total sales are expected to surpass $3 billion. About half the buyers are foreigners; only about a quarter of the units will be occupied at any one time....
Read More
1 2 3 4 5

Archives