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Home Sellers

The Mendota Heights Condo with 7,400(!) Square Feet: Sum of Parts > Whole?

Sub(Divide) and Conquer If it could be done easily and profitably . . . somebody already would have done it.” –Ross Kaplan’s 2nd Law of Real Estate Development. [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...
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Realtor Conflicts of Interest: Multiple Choice

High Quality Problems For an Agent to Have [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.] Which of the following roles pose a potential conflict of interest for...
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Awkward Dual Agent Moment #27

Recommending a Radon Test (or Not) No man Realtor can serve two masters.” –New Testament (slightly changed). [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.] Regular readers will...
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Did the Home Seller Get a Good Price? The Absolutely, Positively Single Best Way to Tell

“Outlier” Comp’s — Both High & Low Wanna guess the single best way, bar none, to know for sure the Seller got a (very) good price for their home? It’s not whether the house sold especially fast, for full price (or higher!), or even received multiple offers. All those metrics can be misleading, for a...
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“A Bedroom Must Have a Closet to be Legal” — True or False?

Practice vs. Theory One of the biggest areas of confusion in residential real estate is, “exactly what constitutes a legal bedroom?” In particular, to be a legal Bedroom, does the room have to have a closet? The short answer: it depends on the local city’s code requirements (some require it, some don’t). MLS Guidance However,...
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Asterisk Clauses Make a Comeback

“After You” . . . “No, After You” . . . “No, After You” [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 record-tight inventory in many Twin...
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