“The Answer to the Seller’s Question, “Do You Think I Should [ _____ ] . . . ?” is Always “Yes”** Consider the rather provocative question ” from a homeowner contemplating selling their home in a few years ” posed to The Ethicist, an advice column in The New York Times: “We live in a large house...Read More
“Subject to” . . . “Statutory” . . . “Cancellation” . . . Huh?!? [Editor’s Note: In addition to “statutory cancellation,” there is another legal status called “subject to statutory Rescission.” At least in Minnesota, purchasers of condo’s and townhomes have a 10 day right to rescind while they review the related Association disclosures. While that...Read More
But, What’s “Too Long?” Test your knowledge of today’s housing market, and respond to the following statement: “A for sale home sitting on the market for 60 days is already shopworn”: A. True. B. False. C. Impossible to tell without more info. Correct answer. “C.” The key “other info”: price and location (of course). “Houston,...Read More
“Upstairs Den?” “Family Room #2?” “Upper Level Lounge?” First, laundries migrated from dark, dingy basements to the upper level. Now, the home’s living spaces are following them upstairs. Versatile, Multi-Function Space (and Light!) Specifically, many new construction homes in the Twin Cities now feature an upstairs sitting area ” typically near the top of the...Read More
Real Estate Terminology 101 One of the confusing things about real estate is that, once a deal closes, the Buyer’s Agent is called the “Selling Agent.” Isn’t the Listing Agent, representing the Seller, the “Selling Agent?” Well, no. Think of it this way: the Buyer’s agent is selling something ” actually, two things: One. The...Read More
“You Know One When You See One” “The race is not to the swift, nor the battle to the strong ” but that’s the way to bet.” -—Ecclesiastes (with an assist from Damon Runyon). For the benefit of non-Realtors (or new ones 🙂 ), here’s a “Top Ten” List of ways to tell that a...Read More
