Contractual Assent . . . and a Veto Power [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.] To successfully change the closing date of a home sale, which of...Read More
Fake News vs. Fake Blogs “Those who know, don’t talk; those who talk, don’t know.” –Wall Street saying. “Those who sell, don’t blog; those who blog, don’t sell.” –Real estate corollary. Yeah, yeah, I know the knock on Realtor-bloggers (Exhibit A: yours truly): they — we –don’t actually sell real estate (or at least, not...Read More
. . . And Isn’t Likely to Volunteer “Fake it till you make it.” —Career advice to newbie real estate agents. In a hyper-competitive field where sales bluster is an ever-present temptation, real estate agents aren’t exactly the type to betray ignorance or confess a lack of confidence. And even consummate Realtors with years of...Read More
2019-2020 Minnesota Real Estate Contract Changes [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.] Every August 1 (today!), the annual changes to Minnesota’s standard real estate forms go into...Read More
When “Sold” Doesn’t Mean “Sold” At least in Minnesota, when you see a “Sold” rider above a “For Sale” sign in front of a house, it doesn’t mean “Sold” ” it means “Pending.” Huh? The (admittedly confusing) convention is to pronounce a home that’s under contract and past Inspection ” but not yet closed ”...Read More
WSJ: “Average Rate on a 30-year, Fixed-Rate Mortgage was 3.75% Last Week, Down from 4.94% in November” Sooner or later, industry mavens predicting higher mortgage rates will be right. But not this year. From a peak of almost 5% late last Fall, rates fell to 3.75% last week. Count that the 4th (7th? 9th?) year...Read More
