Latest Episodes for this Channel
Thu September 11 2008
September 11, 2008Lynnsy Logue The Real Estate Lady and Condo CanDo in Charlotte, NCBeing a Condo Specialist Is Great TrainingâWe learn to dig deep...
read more
September 11, 2008Lynnsy Logue The Real Estate Lady and Condo CanDo in Charlotte, NCBeing a Condo Specialist Is Great TrainingâWe learn to dig deeper, question more, verify more. We uncover all the problems we canâthe mold, the radon, the documents that forbid a pick up truck over a certain size and weight, the different mortgage products, the various insurance options or requirements. Condos ... read more
September 11, 2008Lynnsy Logue The Real Estate Lady and Condo CanDo in Charlotte, NCBeing a Condo Specialist Is Great TrainingâWe learn to dig deeper, question more, verify more. We uncover all the problems we canâthe mold, the radon, the documents that forbid a pick up truck over a certain size and weight, the different mortgage products, the various insurance options or requirements. Condos require a little more inquisitiveness, a little more tenacity.And this is great training because this week and last we have been knee deep with transactions that have required both of us to leave no stone unturned when it came to purchasing a vacant lot at the lake. The purchase will involve the ability of the purchaser to build a pier. No small task with permits from Duke. And flood insurance.And to secure a mortgage. And to research all the comps of vacant lots whether they were purchased as extra lots with a home adjacentâORThe purchaser could buy a home already built on the lake. So we previewed, assessed piers and parking pads and retaining walls and crawl spaces.The second transaction involves the purchase of a home with a seller rent back for up to a year. Is it a second home or an investment? How do we look at repairs that might be needed during the rent back? Meanwhile, we prepare the buyerâs current home for the market with the flurry of wallpaper being removed, painting underway, window cleaners afoot, furniture going to a storage unit. And we are also dealing with an assortment of mortgage originators, appraisers, attorneys, and agents. Some fun to work with, some slippery. We compare notes, and plan every step of each process together. Our custom is to work by the book, observe the protocols.Working with condominiums teaches that what appears to be often isnât. Knowing that helps us with homes and piers on the lake, 2nd homes, investment homesâand we focus on another segment of our broad market.Sometimes people ask if we just do condosâliking the complexity of condominiumshelps hone our skills for the rest. We enjoy our playing field.Lynnsy Logue The Real Estate Lady and Condo CanDo in Charlotte, NC
read less
Wed September 10 2008
September 10, 2008You say potato, I say PotatoâLynnsy Logue The Real Estate Lady and Condo CanDo in Charlotte, NCThe subject of condos, condominium...
read more
September 10, 2008You say potato, I say PotatoâLynnsy Logue The Real Estate Lady and Condo CanDo in Charlotte, NCThe subject of condos, condominiums, attached housingâand it follows townhouses.A condo is by legal definition air space. A townhouse has a footprint. It goes downhill from there.Can a single family structure with a detached garage be a condo?Can a cluster of single family residence... read more
September 10, 2008You say potato, I say PotatoâLynnsy Logue The Real Estate Lady and Condo CanDo in Charlotte, NCThe subject of condos, condominiums, attached housingâand it follows townhouses.A condo is by legal definition air space. A townhouse has a footprint. It goes downhill from there.Can a single family structure with a detached garage be a condo?Can a cluster of single family residences be condos?Can a building have flats on the first floor and two story units above?Is a garden a condominium or a townhouse?Can a townhouse have a basement?If you live in a townhome do the monthly dues cover hazard insurance?If you live in a condo do you need insurance at all?Should you read the covenants and restrictions before purchasing?What is also good reading for discovering surprises with attached housing? Can there be radon on a fifth floor condominium?Can the number of investors in a community skew the type of mortgage products?Here are some answers: For everything I know on condominiums, check outâyou guessed it: CondoCanDo.com. We tell allâand if we missed something, please let us know. We love learning all we can about condominiumsâand townhomes and patio homes.Lynnsy Logue The Real Estate Lady and Condo CanDo in Charlotte, NC
read less
Tue September 09 2008
September 9th, 2008Itâs My HouseâLynnsy Logue The Real Estate Lady and Condo CanDo in Charlotte, NCSome days are longer than others. Some days the...
read more
September 9th, 2008Itâs My HouseâLynnsy Logue The Real Estate Lady and Condo CanDo in Charlotte, NCSome days are longer than others. Some days the focus is on money, mortgages, interest rates, terms or the cost of repairs, or the buyerâs closing costs or the sellerâs netâsomedays itâs making the pieces fit with timing for buyers and sellers and agents and attorneysâor setting times for ap... read more
September 9th, 2008Itâs My HouseâLynnsy Logue The Real Estate Lady and Condo CanDo in Charlotte, NCSome days are longer than others. Some days the focus is on money, mortgages, interest rates, terms or the cost of repairs, or the buyerâs closing costs or the sellerâs netâsomedays itâs making the pieces fit with timing for buyers and sellers and agents and attorneysâor setting times for appraisers and inspectors.Many days are spent reviewing a step in the process of buyingâboth the one we just took and the one we are about to take. Real Estate is a process of many steps.Today, I spent most of the day focusing on one house.I crawled in the crawl space enough to see there was no hanging insulation, that a vapor barrier was in place, that it appeared free of standing water and smelled like a crawl space without mildew or mold. This was a first pass. I looked under the deck for pieces of wood, erosion, problems. And I looked at every square inch of all the trim, the paint job, the gutters and downspouts, the splash blocks, the roof vents, the outside mechanical units, the bushes, the mulch, the steps in the front and the back, the slope in the front and the back, the fences and how they attached to neighbors.Inside I started in the attic looking at storage space and looking at ventilation, and pans under systemsâAnd then, room by room, closet by closet, making notes of size, windows and detail.I looked at other storage areas off bonus rooms, counted windows, noted ceiling fans and marked lighting fixture lenses that might be missed when the window cleaners come tomorrow. They are also instructed to clean all the light fixtures in and outside the home, clean all mirrorsâscrape the windows from the new paint job and clean all the windows in and out.I checked all the carpeting and noted a faded area under the sideboard and asked that the dining room carpeting be replaced and while we are at it, to check under the piano in the living room as well to make sure that had not faded as well.All the rooms were measured and measurements were compared to the floor plan.The sellers had begun moving furniture readying a load for the storage unit they have rented. Cabinets were being polished. A painter came while I was working to give a price on the dining room, a half bath and an upstairs bedroom and full bath.The seller and I talked again about the market, the price, our marketing approach and how we would develop those plans. It is clearly a partnership.As we set ourselves to wrap up, they handed me the key. They said, âItâs your house. Bring us a buyer.â Today was another good day. Lynnsy Logue The Real Estate Lady and Condo CanDo in Charlotte, NC
read less
Mon September 08 2008
September 8, 2008Lynnsy Logue The Real Estate Lady and Condo CanDo in Charlotte, NC ConundrumâMold in a CondoâThis subject makes me crazy. The fi...
read more
September 8, 2008Lynnsy Logue The Real Estate Lady and Condo CanDo in Charlotte, NC ConundrumâMold in a CondoâThis subject makes me crazy. The first time I started reading about mold in a condominium was the one that had been foreclosed and sat empty for 4 to 5 monthsâand finally when the neighbors and the HOA gained entrance, the place was black with mold.The unit had been trashed; the plum... read more
September 8, 2008Lynnsy Logue The Real Estate Lady and Condo CanDo in Charlotte, NC ConundrumâMold in a CondoâThis subject makes me crazy. The first time I started reading about mold in a condominium was the one that had been foreclosed and sat empty for 4 to 5 monthsâand finally when the neighbors and the HOA gained entrance, the place was black with mold.The unit had been trashed; the plumbing was leaking and then comes the mold. Common walls and common ceilings and common floors and ventsâAnd now, I have learned of another instance. A young woman purchased a condo in a prestigious area. Pretty pool. Great location. Close to work and shopping and friends.Sheâs a first time home owner. I learned today that she is quite ill. Eyes red and itching, breathing difficult, headaches and she has moved in with friends. There is black mold on her kitchen cabinets. There is mold in her furniture. She has been gathering information. Requesting minutes from Board meetings for months and discovering problems and delays and poor maintenance and poor repairs. She has consulted an attorney. She has asked if I could list it for sale. The fact is, I could, but I canât. I know too much. And the sad thing is, I am afraid there is little they can do because the HOA has no money. Poor management maybe. Non-professionals on the Board trying to do a job that really needs a professionalâand frankly, some the professionals in property management are lacking.Being pro-active seems to allude many.The best I can do is try to get her information to a viable news source. The subject of mold is one of the top ten things we are all wary ofâand rightly soâjust last week I previewed a home at the lakeâmold in thecrawl spaceâand could not get out fast enough. I have been sick and remain congested and have flu like symptoms. The air we breatheâ I am stuck.
read less
Fri September 05 2008
September 5, 2008Lynnsy Logue The Real Estate Lady and Condo CanDo in Charlotte, NCPeople, The Trouble With Condosâ210 East Trade/EpiCenter Develop...
read more
September 5, 2008Lynnsy Logue The Real Estate Lady and Condo CanDo in Charlotte, NCPeople, The Trouble With Condosâ210 East Trade/EpiCenter Developer stops sales of units at troubled condo building With no end in sight to the legal troubles surrounding the stalled 210 Trade condo building, its onsite sales team has moved out. In a letter to condo owners last week, Builder Services Inc., an ar... read more
September 5, 2008Lynnsy Logue The Real Estate Lady and Condo CanDo in Charlotte, NCPeople, The Trouble With Condosâ210 East Trade/EpiCenter Developer stops sales of units at troubled condo building With no end in sight to the legal troubles surrounding the stalled 210 Trade condo building, its onsite sales team has moved out. In a letter to condo owners last week, Builder Services Inc., an arm of Allen Tate, said the team was leaving the sales office, citing âissues â in the court system, thus temporarily curtailing our ability to sell property at this location.â The company plans to monitor the building's progress and update buyers through a Web site it created for them, the letter said. Questions about the move were referred to a spokesman for the developer, Charlotte FC, part of the Indianapolis-based Flaherty & Collins. He did not immediately return phone calls Thursday. Charlotte FC will not sell more units until the legal issues are resolved, its attorney, Lee Spinks, said. Work on the 50-story tower, part of the EpiCentre complex uptown, stopped in February, with two floors built, because of a disagreement over technical building-code issues. Its developer and the EpiCentre's, Pacific Avenue, part of the Charlotte-based Ghazi Co., have filed lawsuits against each other, alleging various breaches of contract that led to the stalemate. Both sides have said they want the project to move forward. The latest contract gives developers until December 2010, with the option to extend up to four months beyond that, to finish the building. Spinks said Charlotte FC hopes construction can be started in time to meet the deadline and that the developer will let buyers know when that will be â or if it's unable to start construction in coming months. Lynnsy Logue The Real Estate Lady and Condo CanDo in Charlotte, NCKirsten Valle/The Charlotte Observer
read less
Large Numbers Podcasts
