Financing Contingency Pitfalls [Editor’s Note: 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.] One of the surprises lurking in the standard Minnesota Financing Addendum is the weaker of the two clauses addressing...Read More
“Hmm . . . Where Have I Seen That Arm Before??” “The apple doesn’t fall far from the tree.” —Proverb Where does Chiefs’ quarterback Patrick Mahomes get his rocket right arm? Minnesota Twins fans of a certain age (I qualify) know the answer: “from his old man.” Mahomes senior was a journeyman major league pitcher...Read More
[Editor’s Note: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway (“Berkshire”), or any other entity referenced. Edina Realty is a subsidiary of Berkshire.] Just to be clear: former Harvard Law Professor and now Trump Impeachment lawyer Alan Dershowitz didn’t explicitly say Richard Nixon shouldn’t have...Read More
Consumer Psychology and the Too-Precise Price When you see an oddly-priced “For Sale” home, there are two possible explanations (at least in my experience selling residential real estate): One. Drawing Attention. The way to stand out from homes listed at $389,900, $399,900, etc. is to price at $398,731 or some such (I haven’t seen a home...Read More
Realtors vs. Appraisers vs. Zillow “347-0″. That’s approximately the number of times ” most recently this afternoon ” that I’ve been called by Appraisers wanting the scoop on a property I’ve recently sold, vs. the number of times I’ve called an Appraiser to find out the same. Inside Scoop (Literally) Which makes sense: as the listing...Read More
“One Post Every Two Weeks” vs. . . . Daily(!) “A good blog needs to publish new, original content on a regular basis . . . As a general rule of thumb, a good blog should be updated with new posts at least once every other week.” –“Today’s Best Real Estate Blogs,” RETipster. Applying the...Read More
