Crap! There is not only Math in Real Estate but Addition as Well?

By
Real Estate Broker/Owner with National Marketing Realtors 7456
http://actvra.in/55fh

Minot Realtor

Looking for a career that doesn't include math? Forget Real Estate! Not only do you need a basic knowledge as to how to calculate a Buyers debt to income ratio and their house payment you also need to know things like square feet in an acre, price per square foot of a building and on and on. PLUS you need to know your Addition.

Minot's Riverside AdditionEven in a small town/city like Minot ND it helps to know your ADDITIONS. To the right, highlited in yellow is Minot's Riverside Addition. I recently listed 323 NW 4th Street... also known as Riverside Addition Oen's S/D Portion Of Lot 1 Block 2 Lot 1. And you thought 2 + 2 type of addition was a pain in the butt.

The Riverside Addition to Minot ND was platted out in the 30's give or take a few years. It has taken a beating over the years due to flooding in 1969 and again in 2011. While all the lots are mapped out as above only about a dozen have not been purchased by the City for past and future flood control.

My listing at 323 is safe from the latest rounds of flood control as they will be building/enhancing the dikes around it thus it will actually be a very prime property with river views from  two sides.

323 NW 4th Street Minot ND 58703

323 NW 4th Street Minot ND has just been completed as a re-build. It is zoned as R3, multi-family or multi-generational home. There are two bedrooms upstairs and one bedroom downstairs. The corner lot has great views of the river from two sides. You can do a video walk through with me HERE!

Math and Additions, you get it all here in Minot Real Estate.

I have also entered this lesson into Liz and Bill Spear 's Active Rain Challenge. I'm sure you can find many more Real Estate math lessons if you join me at Active Rain.

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Rainmaker
711,576
Rob D. Shepherd
Windermere/lane county - Florence, OR
Principal Broker ABR, GRI

Math lessons from my former automotive career were NOT helpful.There 2+2 equals 3 1/2- 5 depending on your trade in.

Jun 17, 2017 04:30 PM #1
Rainmaker
1,025,855
Bob "RealMan" Timm
National Marketing Realtors - Minot, ND
Bob Timm Owner/Broker National Marketing Realtors

LOL, I understand that math Rob D. Shepherd .

Jun 17, 2017 05:04 PM #2
Rainmaker
3,097,216
Dorie Dillard
Coldwell Banker United Realtors® ~ 512.346.1799 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good evening Bob "RealMan" Timm ,

Do you really have to remind us?? Of course you do! Math and additions are something we have to be mindful of !!

Jun 17, 2017 08:02 PM #3
Rainmaker
1,296,371
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
your real estate writer

Back before people used GPS to get around, we real estate agents used maps - the kind made of paper. We could also go to the County Assessor's office and look up the names, etc. of people who owned property in the county.

Sometimes, when trying to find homes in town, it was a hair-pulling experience - all do to the different "Additions" and the way they were listed in the County records.

I'd rather do math any day than deal with finding homes in those additions.

Jun 17, 2017 08:05 PM #4
Rainmaker
117,879
Stavrula "Sam" Crafa, RNC,GRI, CDPE, PSA
Future Home Realty - Seminole, FL
Providing the integrity and service you deserve.

Cute house and nice video. Love the dark floors. Hope you get and offer and contract soom. 

Jun 17, 2017 09:11 PM #5
Rainmaker
2,152,364
James Dray
Fathom Realty AR LLC - Bentonville, AR
Exceptional Agents, Outstanding Results

Good morning Bob.  In my former profession I had to use algebra, right triangles and conservation of linear momentum. The math in real estate is a cake walk

Jun 18, 2017 03:31 AM #6
Rainmaker
1,010,016
Kat Palmiotti
Grand Lux Realty, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

Best wishes with this listing that has river views on both sides! It sounds wonderful.

As for math, I always loved learning math. It was one of my favorite subjects, so I say, bring it on!

Jun 18, 2017 03:56 AM #7
Rainmaker
1,025,855
Bob "RealMan" Timm
National Marketing Realtors - Minot, ND
Bob Timm Owner/Broker National Marketing Realtors

Kat Palmiotti believe it or not I struggled with math untill my Dad taught me how to play cribbage.

Jun 18, 2017 04:13 AM #8
Rainmaker
1,971,367
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Hi Bob... what a cute house... can't believe it won't sell lickety-split. Math, itself, never bothered me... you know, the basics of adding, subtracting, multiplying, and dividing. It's the concepts of things like algebra, geometry, and calculus that always got me.

Jun 18, 2017 04:45 AM #9
Rainmaker
1,025,855
Bob "RealMan" Timm
National Marketing Realtors - Minot, ND
Bob Timm Owner/Broker National Marketing Realtors

Nina Hollander thank goodness for all the apps we can download these days... no matter how baffled we may be "There's an app for that".

Jun 18, 2017 05:36 AM #10
Rainmaker
1,971,367
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

For sure, Bob... but still not dowloading any advanced math apps... they are all greek to me!

Jun 18, 2017 06:15 AM #11
Ambassador
1,129,664
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Yes but I am still amazed at how many agents don't understand the math. I am glad you do and also you go beyond it.

Jun 18, 2017 06:36 AM #12
Rainmaker
1,347,239
Sandy Padula and Norm Padula, JD, GRI NMLS#1483386
Realty One Group - Carlsbad, CA
Presence, Persistence & Perseverance

No question, Bob "RealMan" Timm that we deal with a great deal of math, although most of it is simple. Good selling on this renovated home!

Jun 18, 2017 07:44 AM #13
Rainmaker
1,025,855
Bob "RealMan" Timm
National Marketing Realtors - Minot, ND
Bob Timm Owner/Broker National Marketing Realtors

Thanks Sandy Padula and Norm Padula, JD, GRI NMLS#1483386 , even though our market is a bit sluggish I think it will sell soon because of the location and the quality of work in it.

Jun 18, 2017 08:37 AM #14
Rainmaker
925,092
Michele Cadogan
Fillmore Real Estate Brooklyn New York - Brooklyn, NY
917-861-9166 - Brooklyn Real Estate Home Sales

Here in Brooklyn we close with Attorneys and Closers who always have to close out to the penny. Hoping  that this quaint multifamily / multi generational home for  sale in Minot North Dakota   listed by you,  will attract its new owner soon.

Jun 19, 2017 11:56 AM #15
Rainmaker
1,025,855
Bob "RealMan" Timm
National Marketing Realtors - Minot, ND
Bob Timm Owner/Broker National Marketing Realtors

Thanks Michele Cadogan I'm hoping to get an accepted offer prior to my open house on Thursday.

Jun 19, 2017 12:50 PM #16
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