One of the trickier — yet crucial — set of deadlines in a housing transaction involves the Buyer’s Inspection Contingency. At least in Minnesota, it consists of the following three intervals: 1) how long the Buyer has to perform the inspection; 2) how long thereafter they have to deliver — in writing — any issues...Read More
My first thought looking at the photo above on MLS? That’s one deep lot. Thought #2: maybe it’s just flattering photography. To find out, I looked up the property tax records. Winner? Theory #1. According to Hennepin County, the home (just Southeast of Minneapolis’ Cedar Lake) sits on an exceptionally deep 300 foot lot (an average city...Read More
Lack of Supply = Higher Prices? Fellow Edina Realty agent (and blogger) Aaron Dickinson has a nice post shining a spotlight on a lightly heralded, not-so-overnight housing market development: the lack of Twin Cities homes for sale. In fact, as Aaron notes, the number of homes on the market locally in October — just over 21,000...Read More
Swapping Underwater Mortgages on Craig’s List One of the most popular posts ever on this blog, “Groupon for Underwater Homeowners,” made the case that underwater homeowners could exert heretofore missing leverage over their lenders by teaming up and negotiating as a group (“groupon”). Seeing as no one (so far) has bit on that idea, I’m now offering up solution...Read More
If a company is out of business, does that mean that all the products it ever made and sold — and may still be in use — were defective? Hardly. At this very moment, I can think of any number of local basements storing black-and-white TV’s made by RCA, Zenith and other defunct brands that...Read More
“Contingent” vs. “Continent” As I just discovered, both “contingent offer” and “continent offer” pass spellcheck. All the same, I wouldn’t want to receive — or make — the latter kind.Read More
