Calculating the Risk that a Low Appraisal Will Scuttle a Deal In a market with lots of first-time Buyers (like today’s), it’s a question I’ve been fielding a lot this Spring: ‘when should I give notice to my landlord?” The (usually) safe answer: ‘once the Inspection Contingency has been removed.’ That is, after the Buyer’s...Read More
Hobby Farm in the City (Minus the Farming) You don’t normally expect to find a big home on 7.6(!) acres within 15 minutes of downtown Minneapolis. In a very expensive neighborhood, to boot. For basically the price of just the land (if not much less!). But that’s exactly what’s for sale on McGinty Road in Minnetonka right now....Read More
Buyer Strategy in a Seller’s Market “Never negotiate hungry. Or tired.” –Ross Kaplan, “Negotiating Advice” (12/7/2010) As I’ve discussed on this blog previously, the “How” of negotiating can be much less important than the “When” or “Where.” As in, “when to stop negotiating (and take a break),” and “never negotiate while driving” (you can’t take...Read More