Commercial property has always had a softer market around here. I have first-hand knowledge, because I bought a residential house on the main street of town and converted it to an office. The zoning was "transitional commercial", meaning it could be a residence until someone converted it to commercial, then it was supposed to be commercial from then on. I had a hard time selling it, and my realtor friend estimates I lost about 25% of its value by being commercial rather than residential.
Then to top it all off, when I finally sold it to someone who said she was putting in a pet supply store, she just moved in and started living there. 4 years later I was a little disgusted because I took such a haircut on the price, and talked to the city. They said there was nothing they could do- no teeth to the zoning regulations. In other words, I could have ignored the zoning, sold it to someone to live in, and received a lot more money. Only problem, it would have had to be a For Sale by Owner deal, because the realtors have to follow the zoning laws under their ethics rules.
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Today's Featured Article - A Question for Dads This recent topic from the Tractor Talk discussion board is being highlighted because it is an awesome display of the caliber of individuals that have made this site their own. The young person asking questions received positive feedback and advice from total strangers who "told it like it is" with the care many reserve for their own kids. The advice is timeless... so although it isn't necessarily antique tractor related, it will be prominently displayed in our archives to honor those who have the courage to ask and those who have the courage to respond in an honest, positive manner.
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