Northern Light** “Red sky at night, sailor’s delight. Red sky in morning, sailor take warning.” –Old proverb. With Twin Cities temps now (well) below freezing, there aren’t many local sailors divining weather clues from the sunset and sunrise. All the same, I suppose it’s a good omen that the snapshot above — looking southwest across...Read More
Is the Buyer Short of Cash? Not Committed to Deal? [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.] Normally in Minnesota, the Buyer’s earnest money is due to the...Read More
Debits & Credits, Credits & Debits In the vast majority of real estate closings in Minnesota ” 99.45%**, to be exact ” the title companies doing the closing have to calculate a pro rata property tax adjustment between the Buyer and Seller That’s because Minnesota homeowners pay property taxes twice a year (May 15 and October...Read More
“You Know What They Meant” Department Among the hundreds of “spam” emails intercepted by my email filter each week was one the other day with this subject title: “Contract is singed and we are ready to proceed.” Not recognizing the sender ” and having no in-progress deals about to go up in smoke ” I...Read More
You Read It Here First!, or “Imitation is the Sincerest Form of Flattery” (Still) Hmmm, is the Star Tribune getting home profile ideas from this blog? You be the judge: Here’s the Star Tribune’s headline: “$1.95M Minnetrista Home is Car Lover’s Dream with 16 Garage Stalls, Plus ‘Safari Room.'” –Star Tribune (12/9/19). Now, here’s mine,...Read More
R.I.P., “Tall Paul” [Editor’s Note: The post below originally ran more than a decade ago, in the aftermath of the 2008 Crash (Oct. 20, 2009 to be exact). My sentiments about former Federal Reserve Chairman Paul Volcker, who died yesterday at age 92, are exactly the same today.] I don’t have many heroes, political or...Read More
