Overheated Housing Market Prompts MLS Rule Changes [Note to Readers: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced. If you need legal advice, please consult an attorney.] Combine an overheated housing market with seemingly zero inventory, rampant multiple offers, and...Read More
[Note to Readers: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced. If you need legal advice, please consult an attorney.] If you want the scoop on a busted deal, a good starting point is the listing agent (representing the Seller)....Read More
Fake News Photo “True or False” Quick! Is the photo (above) of a lower level Amusement Room real or enhanced (through a wide-angle lens, etc.)? Answer: it’s real. According to MLS, the room measures a whopping 45(!) feet long. The foundation size of the home — a rambler — is well over 2,000 square feet,...Read More
Cost to Move > Fair Market Value Once the Buyer and Seller have resolved any inspection issues — that is, assuming Buyer hasn’t waived their inspection, to prevail in multiple offers — it’s common for the two parties to discuss any personal property that the homeowner may want to sell. Like many negotiations, the party...Read More
Ideal closing date would be June 2 with 24 hour possession.” –“Agent Remarks” field for a new listing on MLS (April 9, 2021). Put it this way: at the depths of the Housing Bust (actually, a double-bottom) more than a decade ago, Sellers were thrilled simply to get an offer. Never mind a good one,...Read More
The “Can You Top THIS!?!” Spring 2021 Housing Market At least for now, the winner of the “Can You Believe How Crazy-Hot the Market Is!?!” contest is the Twin Cities home seller who reportedly sold their home a whopping 35 minutes(!) after it debuted on MLS. Under “Coming Soon.” Without a single showing.** And with...Read More
