Housing Market Trends

Why Home Warranties Are More Popular With Listing Agents Than Home Sellers

Three Benefits Listing agents (representing home sellers) are big fans of home warranties. Personally, I love them. That’s because listing agents know ” even if their clients don’t ” that a home warranty can help smooth over inspection issues (“Benefit #1”), and make a dated home more attractive to cash-strapped, first-time home Buyers — especially...
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Home Buyer: “Can I Use a Buddy as My Home Inspector?”

Assuming Two Risks, Not One [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 Buyers can waive a home inspection altogether (they can), it stands to reason they...
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Seller’s Housewarming Gift For Buyer. Not

Left Holding the (Garbage) Bag: Reason #17 for Buyers to Do a Walk-Through Inspection It’s certainly possible that the weekly garbage collector will haul away all of the Seller’s junk, left curbside. But, I wouldn’t count on it. And neither should the Buyer. Instead, I’d negotiate either: a) a $500 escrow (holdback) from the sales proceeds,...
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Prospective Home Seller: “Can I Get More For My House If I Put On a New Roof?”

More than WHAT? My short answer to the question, “Can I get more for my house if I put on a new roof?” is, “yes, you can.” That is, if by “more,” you mean, “more than what you could have gotten for the home without a new roof ” especially if the current one is...
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Discounting for Condition: How Much?

Not Just Price Tag, Scope of Work Discounting for a home’s “vintage” condition is inherently subjective. Some Buyers don’t want to tackle anything more challenging than painting a Bedroom (if that). Others ” especially if they have contracting skills (or access to them) ” are up for remodeling the Kitchen, Bath’s and anything else that...
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Sunset Cruise — at 4:25 p.m.(!) — on Minneapolis’ Lake Bde Maka Ska

Wet Suits Optional What’s so remarkable about sailing, at sunset, on Lake Bde Maka Ska? (formerly Lake Calhoun). Several things, actually: –Time of year: the shot above was taken in December (yesterday, in fact). –Time of day: sunset in late June in Minneapolis is past 9 p.m. Now, it’s about 4:30 p.m. –Temps: Notwithstanding the...
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