Most Popular Blog Post:  ‘Statutory Cancellation for Beginners’

When it comes to Web popularity, “going viral,” etc., there is certainly a virtuous circle phenomenon at work.

1Namely, the more people read a post, the higher-ranked (and more visible) it becomes, which in turn assures even more hits.

That said, the most popular post on this blog (far and away) the last month is “Statutory Cancellation for Beginners.

Two Theories

Hard to tell if that’s got to do with the market these days, or just Web search dynamics.

One theory in favor of the former:  in a (much) more competitive Seller’s market with emotions running high, lots of Buyers are having to move faster — and pay more — than they’d expected.

Ergo, more of them are reconsidering (disadvantageous?) deals they feel they made in haste (also called “Buyer’s remorse”).

When a deal really goes bad, the ultimate recourse is statutory cancellation, wherein either the Buyer or the Seller goes to court to get the deal cancelled.

P.S.:  In practice, Buyer’s remorse usually manifests much earlier, during the Inspection phase of the deal.

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

Leave a Reply