Change period in the Real Estate for Sale by Owner

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How to Change period in the Real Estate for Sale by Owner

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this is real estate rookie episode 110. [Music] my name is ashley care and i am here with tony robinson and today is a rookie reply we have pulled a question from facebook for you guys uh that we are gonna go over tony what is todays question all right so todays question is and i have to look up who its from its from rhett miller um but rhetts posted in the real estate rookie facebook group how do you inform an inherited tenant of changes in ownership after you close on a property so uh all of my long-term rentals they came vacant all right i bought them vacant then we rehabbed them so ive never actually had to deal with inheriting someone elses tenant so ashley the queen of property managements tell us your your experience what do you think of this im not sure if i actually hold that title but um between me and you i will take it so i for the first thing is uh something that can come up is when an investor or anybody is selling a property they may not want the tenants to know

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What does it mean period property?

A period property is a property that was built during a specific time period, characterised by a distinctive architectural style. There is no binding definition as to which time period a property should come from to fit this classification, but it usually refers to an era before World War I.

What date is a period property?

There is no binding definition, but generally speaking the term period is used for buildings that pre-date the First World War. However, as time marches on and the decades mount, there is a strong argument for including later 20th-century architecture, such as Art Deco.

What is the principle of regression in real estate?

The principle of regression states that the value of a more expensive property will decrease when less expensive properties come into the area. Thus, if your home is worth $500,00 and it is surrounded by $100,000 homes, the value of your property will go down.

What period is a 1914 house?

Edwardian (1901 1914) Following the boom in property construction during the Victorian era, Edwardian housebuilders were forced to build homes in the suburbs where there was more space, which created the garden suburbs, like that in Hampstead.

What are the problems with period homes?

Period homes can be among the worst for energy efficiency, simply because building materials like insulation werent as good as they are today. Original features like sash windows can look incredible, but may also allow lots of heat to escape, while Victorian homes often have no roof insulation.

Can I change my mind as a seller?

You cant rescind for no reason And in case youre wondering, theres no such thing as a right of rescission cooling-off period that would allow sellers to cancel certain types of real estate sales and loans within a set amount of business days, as there is for buyers in some cases.

What defines change in real estate?

Concept used in valuing real property that conditions may be altered requiring a revised estimate of market value. These conditions include a shift in the demand/supply relationship, deterioration of property, and capital improvements.

Is a 1930s house Edwardian?

Edwardian houses are known for ornate decorative details, including floor tiles, stained glass, and timber, as well as large rooms with high ceilings. After the end of the war, the Interwar Period covered the 1920s and 1930s, leading up to the Second World War in 1939. M.B.H.

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