Hidden Cons Of Owning Lake Property In Minnesota #realestate

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Real Estate Radio Hour

185 episodes

2 weeks ago

Get the latest Twin Cities real estate news and infomation. We cover a variety of related topics that will prove educational, informative, and entertaining. Join hosts Chris Rooney, Broker at RE/MAX Preferred and Andy Prasky, leader of the Preferred Home Team at RE/MAX Advantage Plus, as they share their knowledge and insight.

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Hidden Cons Of Owning Lake Property In Minnesota #realestate

Real Estate Radio Hour

1 hour 2 minutes 25 seconds

1 year ago

Hidden Cons Of Owning Lake Property In Minnesota #realestate

Full Episodes & Our Websites Here: https://linktr.ee/realestateradiohour What's Happening In The Market? Found out my home is a historical home with restrictions after closing I purchased a home that was built in 1930 about 3 weeks ago. I had the home repainted and then received a letter from the county telling me I violated their historical architectural restrictions by painting it an unapproved color. Nowhere at closing or during the buying process was I told the home was deemed historical and after going through closing documents there is nothing about covenants or restrictions in the documents. Can a county deem a home historical with architectural restrictions without having any acknowledgement of this during the closing process? Real Estate Feels Like A Giant Pyramid Scheme After being in real estate for a year this industry feels like a giant pyramid scheme. So many slimey people and cheese balls in this biz. Got my license. Have to join a brokerage for them to process the transaction?? Joined a "team" and absolutely got worked over. Team lead constantly changed commission structure and fees right before a deal was going to go through. Kicking a lot of the commission up to the broker and team lead for doing basically nothing. "Prospecting" calling on crap leads all day, reading BS scripts about how it's a great time to buy, felt gross. Asking for referrals or business from your sphere or if they know anyone interested in buying or selling. Literally seeing everyone I know as a dollar sign and always trying to weasel real estate into the conversation. Buyer Was Hacked During Wiring Of Money Has anyone ever heard of anything like this? It was wire fraud. Are they still responsible for earnest money? The day before a close they were allegedly hacked when closing with their other property and now cannot buy this property but the seller just closed on a new house and moved in but needed that money… Social Media Reacts Minnesota Luxury Real Estate (Edina) https://www.zillow.com/homedetails/71... Hidden Cons Of Owning Lake Homes In Minnesota