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
What Happens After the Listing Contract Expires? [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.] “Seller understands that the Seller does not have to pay Broker’s compensation if Seller...Read More
Quick Answer: “It Depends ” But Usually Less Than Buyers Think” “At the closing table, the Seller will walk away with a check ” and whether the money comes from the Buyer or the lender doesn’t matter.” —”Do Home Buyers Who Pay Cash Get a Discount?”; The Wall Street Journal. The answer to the question,...Read More
1 Picture = 1,000 Words 2 Pictures = 2,000 Words If you ever wondered what “millwork” is, these pictures answer it. Specifically, it’s all the visible wood in the house except the hardwood floors. That includes: built-in’s (buffets, storage, etc.); crown and cove moldings; doors; arches and columns; the beams in a box-beam ceiling; and window framing...Read More
True or False On top of the “payout” commission listed on MLS, Sellers will sometimes dangle an extra incentive for Buyers’ agents. The most common (and straightforward) is simply a cash bonus, payable upon successful closing. How smart is that ” and in what situation(s) is that most effective? Read through the following three scenarios,...Read More
