Hidden Cons Of Owning Lake Property In Minnesota #realestate

Published: Jan. 15, 2024, 3:38 p.m.

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Full Episodes & Our Websites Here:\\nhttps://linktr.ee/realestateradiohour\\n\\nWhat\'s Happening In The Market?\\n\\nFound out my home is a historical home with restrictions after closing\\nI 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?\\n\\n\\nReal Estate Feels Like A Giant Pyramid Scheme\\nAfter 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.\\n\\nBuyer Was Hacked During Wiring Of Money\\nHas 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\\u2026\\n\\nSocial Media Reacts\\n\\nMinnesota Luxury Real Estate (Edina)\\nhttps://www.zillow.com/homedetails/71...\\n\\nHidden Cons Of Owning Lake Homes In Minnesota

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