Is an “alcove apartment” easier to rent than a “studio?” Apparently, at least one Twin Cities developer seems to think so. So far, the term only seems to be a feature of the rental market: out of almost 1,000 condo’s currently for sale on the local (NorthStar) MLS, only five use the term — and...Read More
“Build It and They Will Come” Real Estate Development “Silicon Valley Spec House Seeks $42.8 Million.” —Headline, The Wall Street Journal. For the uninitiated, a “spec” or “speculative” house is a home that a developer first builds, then tries to sell. That’s opposed to a home that’s commissioned by/for an existing client, and built according...Read More
Location, Location, Location (Again) Normally, when a house has a major foundation issue, standard Realtor advice to Buyers is “run, don’t walk” (to something else). What’s the exception to that? If the home in question is on desirable lot in a hot neighborhood for tear-downs — and the foundation issue translates into a sufficiently hefty discount. Exit...Read More
