User Tag List

  1. #1
    Join Date
    May 2008
    Posts
    4
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Reputation
    10

    Default Cold & warm Shell

    Dear All,

    I'm a new entrant to the RE market and was wanting to understand the term Build to suit & what is the specifications for a Cold Shell/warm shell

  2. #2
    Join Date
    Jul 2007
    Location
    Kentucky - in a barn!
    Posts
    1,603
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Reputation
    51

    Default Re: Cold & warm Shell

    Cold Shell: basically an empty building with an unfinished interior

    Warm Shell: an empty building - that usually has with Air Conditioning, Lighting, Walls, Ceiling, and Flooring.

  3. #3
    Join Date
    May 2008
    Posts
    4
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Reputation
    10

    Default Re: Cold & warm Shell

    Thanks Malok, that was informative, however do you by any chance have a list of specifications for both types (COLD & WARM Shell)

  4. #4
    Join Date
    Jul 2007
    Location
    Kentucky - in a barn!
    Posts
    1,603
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Reputation
    51

    Default Re: Cold & warm Shell

    Theres lots of sub-terms (and equivalent terms).

    Gray shell. Base Shell. Vanilla. etc etc

    Its really just more of the same IMO.


    It really probably boils down to the local custom for your particular area as to what specifications apply to each.

  5. #5
    Join Date
    Jan 2005
    Location
    Orland Park/Homer Glen
    Posts
    3,341
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Reputation
    76

    Default Re: Cold & warm Shell

    Interesting - I've been in real estate for 25 years and have never heard the term warm or cold shell. We obviously don't use it in my area.

    "Built to suit" means building a property to the specifications of the buyer - a custom home.
    Judy Orr, HomeSmart Realty Group, Orland Park IL
    Sells Orland Park homes & Homer Glen real estate

  6. #6
    Join Date
    Jul 2007
    Location
    Kentucky - in a barn!
    Posts
    1,603
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Reputation
    51

    Default Re: Cold & warm Shell

    The local customs for how things work makes a big difference. [Its one of the reasons you want a local real estate professional to help you with the process.]


    Sort of like the term "closing escrow".

    Out west, everyone understands what it means.


    Whereas, where I'm at, that term would just cause a lot of confusion for most persons - as they would think it has something to do with someone taking the Deposit check that the buyer had made.


    [And before you west coast persons ask: we just use the term "closing". An escrow is what you place the deposit into. And we don't use escrow companies, we use closing attorneys.]
    Last edited by Malok; 05-15-2008 at 10:51 AM.

  7. #7
    Join Date
    Jan 2005
    Location
    Orland Park/Homer Glen
    Posts
    3,341
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Reputation
    76

    Default Re: Cold & warm Shell

    Yes, that was always a term I didn't understand for the longest time (before networking like we do now). In my area we use attorneys to close at a title company.
    Judy Orr, HomeSmart Realty Group, Orland Park IL
    Sells Orland Park homes & Homer Glen real estate

  8. #8
    Join Date
    Dec 2005
    Posts
    990
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Reputation
    10

    Default Re: Cold & warm Shell

    A cold shell is one under the snow. A warm shell is one on the beach.

  9. #9
    Join Date
    Jul 2007
    Location
    Kentucky - in a barn!
    Posts
    1,603
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Reputation
    51

    Default Re: Cold & warm Shell

    Quote Originally Posted by Sam Chapman View Post
    A cold shell is one under the snow. A warm shell is one on the beach.
    Hah! Good one, Sam.

  10. #10
    Join Date
    Jan 2008
    Location
    Yorktown Heights, NY and Stamford, CT
    Posts
    1,519
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Reputation
    49

    Default Re: Cold & warm Shell

    Quote Originally Posted by judyo View Post
    Interesting - I've been in real estate for 25 years and have never heard the term warm or cold shell. We obviously don't use it in my area.

    "Built to suit" means building a property to the specifications of the buyer - a custom home.
    Those terms are for Commercial Real Estate. Same License...Different Ball Game. Don't try to play in that league unless you want to get burned or you take a number of classes specifically addressing the commercial sector. The stakes are very high in that game. Not for the faint of heart. For Example. A listing in the commercial market can set you back about $20k to $50k. You need to know a lot of inside information, you have to do a lot of behind the scenes detective work. Your Listing Package (not the presentation, the actual listing) could easily consist of 1000's of pages.
    Larry Jensen, Principal Broker
    [FONT="Century Gothic"]St. Lawrence Properties, LLC[/FONT]
    (203) 883.0883
    www.SLPNYCT.com
    Real Estate & Property Management
    My Blog: St. Lawrence Properties Blog

Similar Threads

  1. Hello from lovely warm Roatan
    By roatan man in forum Introduce Yourself
    Replies: 16
    Last Post: 03-02-2008, 12:46 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Log in

Log in