Sunday, November 01, 2009

Residential real estate Tips for the week

This is a good tip from a lawyer, Bello Lagoudis

He states:

When acting on a residential property being used as a multiple family dwelling always insist on a buyer condition regarding the retrofit status of such property. This includes tenanted basements as buyers are depending more and more on this source of income generation, cities and towns are getting tougher on violators, and lenders are increasingly insisting on retrofit status.

Should the seller refuse the condition it would at least alert the buyer that the property is, in all likelihood, zoned for single family use.

I hope you find our hints helpful!

Please feel free to email any question you may have on residential real estate,



  1. Hi...
    Thank you for sharing such important tips. That's exactly the kind of real-life situation that is helpful to readers...much appreciated.

  2. This is great stuff.
    I’m hooked! Can’t wait for the next update!