“The Answer to the Seller’s Question, “Do You Think I Should [ _____ ] . . . ?” is Always “Yes”** Consider the rather provocative question ” from a homeowner contemplating selling their home in a few years ” posed to The Ethicist, an advice column in The New York Times: “We live in a large house...Read More
“Subject to” . . . “Statutory” . . . “Cancellation” . . . Huh?!? [Editor’s Note: In addition to “statutory cancellation,” there is another legal status called “subject to statutory Rescission.” At least in Minnesota, purchasers of condo’s and townhomes have a 10 day right to rescind while they review the related Association disclosures. While that...Read More
“Upstairs Den?” “Family Room #2?” “Upper Level Lounge?” First, laundries migrated from dark, dingy basements to the upper level. Now, the home’s living spaces are following them upstairs. Versatile, Multi-Function Space (and Light!) Specifically, many new construction homes in the Twin Cities now feature an upstairs sitting area ” typically near the top of the...Read More
Real Estate Terminology 101 One of the confusing things about real estate is that, once a deal closes, the Buyer’s Agent is called the “Selling Agent.” Isn’t the Listing Agent, representing the Seller, the “Selling Agent?” Well, no. Think of it this way: the Buyer’s agent is selling something ” actually, two things: One. The...Read More
“You Know One When You See One” “The race is not to the swift, nor the battle to the strong ” but that’s the way to bet.” -—Ecclesiastes (with an assist from Damon Runyon). For the benefit of non-Realtors (or new ones 🙂 ), here’s a “Top Ten” List of ways to tell that a...Read More
Silver Lining: Indoor Exercise I’ve certainly had prospective Buyers pass on a single-family home because they didn’t like the feel of the neighboring houses or block. What’s the equivalent for a condo? I just showed a Minnetonka condo that was so far from the elevator — I’d guess about 250 feet, or literally a 2...Read More
