00:06Well, hello everybody. My name is Chris Berger and it's time for a Burger Point. You know,
00:11recently I was out with a client, a couple, and we were looking at various homes and they
00:16came across a three bedroom, three bath home. Now that's pretty nice. And I always try to
00:22encourage space when you're buying a home because as long as you have the space there,
00:29at some point, if you want to expand and make it into a four bedroom, for example, or add a
00:34bath,
00:35you have to have the space and the yardage outside to go with it. However, in the bottom of this
00:42listing, it said a legal two bedroom home. Okay. That is a big red flag. Why? Because it's not
00:50registered with the town as a three bedroom, yet the listing is showing a three bedroom. It's not
00:56going to work. So you can buy the home. Of course, uh, if you have cash, well, that makes it
01:03a whole
01:03lot easier. But if you're trying to get a mortgage and it's listed as a legal two bedroom, that's all
01:10you're going to get a mortgage for. Okay. Put that all aside. So say you want to buy this house
01:16and flip
01:16it. Well, what happens is that you now own title to the house, but the first thing you have to
01:23do
01:23is go to the town and convert it to a legal three bedroom home. And that might involve plans. It
01:31might be easy. It might present a lot of problems, a lot of roadblocks. That's my point. And today,
01:38of course, a little Ted Lasso action. Uh, I'm watching the series again for a second time.
01:45Outstanding. And the fourth season is coming out during the summer. Have a great night,
01:52everybody. That's my point.
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