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The Real Estate Adviser |
January 31, 2008
What you see is what you get, right? Not necessarily in real estate, unless you go out of your way to document your expectations and assumptions and make them known to the seller. This is especially true with recreational properties in remote locations.
Some years ago our neighbors purchased a large summer cabin on a mountain lake. While very few people visited the area in the winter, the couple felt they could use the cabin in cold weather because the living room included a fireplace with a new, efficient insert. They even shared with us their feeling of relief that the getaway could be heated by wood because electricity was extremely expensive in the area. They also felt they had saved some time not having to research other insert options or free-standing wood stoves.
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