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Housing Market Trends

Keeping Emotion Out of the Deal: When the Seller & Listing Agent Are Related (or Friends)

When Does a “For Sale” Home Stop Being the Seller’s? Especially for newer, less established agents, it’s common to represent friends and relatives in the sale of their home (over time, successful Realtors’ sphere grows beyond those groups). Even veteran agents occasionally represent friends and family members. How do they (we) keep emotion out of...
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Homes on Corner Lots: Premium or Discount?

Real Estate Marketing and the Art of Self-Selection Realtor conventional wisdom is that some Buyers prefer homes on corner lots, because of the extra light (and one less neighbor). Meanwhile, others avoid corner lots, because of the additional street exposure, potential loss of privacy, and ” at least in Minnesota ” 4-5 months of extra sidewalk to...
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Wet Basement the Month (Day??) After Closing: Who’s Responsible?

High Winds, +3″ Rain in Twin Cities Last Night [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.] A LOT of recent Twin Cities home buyers will be asking...
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Multiple Offers and Asterisk Clauses (aka “Escalation Clauses”)

How to Suddenly Go From Two (or More) Buyers to None [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.] Thanks to practically zero inventory — and almost zero...
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“Back on the Market” . . . Why Exactly?!?

Putting a (Too) Good Face on Things?  It’s a fact of (real estate) life: sales fall through. Buyers change their minds. Inspection issues come up. Buyers can’t get financing** (the honest explanation at least 80% of the time). When any of those (or other) unhappy events occur, listing agents have the demoralizing task of switching...
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“Get Me Out of the Deal!”: Statutory Cancellation for Beginners

“Subject to” . . . “Statutory” . .  . “Cancellation” . . . Huh?!? [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.] Once in a while, Buyers will encounter...
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