Question #2: How Realistic Is It That They Will? [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, Minnesota home Buyers and Sellers decide when they negotiate the Purchase...Read More
Question #2: How Realistic Is It That They Will? Normally, Minnesota home Buyers and Sellers decide when they negotiate the Purchase Agreement whether they will handle any post-closing disputes through arbitration or litigation. If the parties are amenable to arbitration, they both sign an Arbitration Addendum (their agents, too). Alternatively, if only one party — or neither...Read More
“It Takes Two to Tango Agree to Arbitration” Judging by the last few deals I’ve handled, there seems to be some Realtor confusion about how many parties are required to agree to Arbitration (at least in Minnesota, a popular alternative to litigation). The correct answer: two. In other words, both Buyer and Seller have to...Read More
Advice to Home Buyers The first thing I tell my Buyer clients when the subject of post-sale legal recourse comes up is, “if you have a bad vibe about this home or this Seller . . . move on.” Period. With that out of the way, I generally provide this counsel when the subject of...Read More
