Just a Little Fine-Tuning This Year [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.] Unlike a year ago, when the standard Minnesota Purchase Agreement was totally revamped, there are...Read More
DIY Home Buyers & Sellers The vast majority of Minnesota home Buyers and Sellers elect to settle any post-closing disputes thru arbitration rather than litigation. The explanation? It’s considered faster and cheaper. The occasional exception: Buyers who are lawyers, are related to lawyers, or otherwise think they can procure the required legal services at a...Read More
Ironically, the better Realtors get at helping clients buy and sell real estate . . . the worse they can get at certain related tasks. Here are three areas where it’s easy for agents to let their skills atrophy — or never acquire expertise in the first place: One. Market reports/updates. Show me a listing...Read More
Should Buyers and Sellers Waive Arbitration? Hopefully, It’s a Moot Point [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.] Unbeknownst to most home buyers and sellers, modern residential real estate...Read More
High Winds, +2″ Rain in Twin Cities Last Night A LOT of recent Twin Cities home buyers will be asking whether their Seller is liable for their suddenly wet basement in the wake of last night’s deluge (as much as 3″ of water in some the west ‘burbs). Many basements that never had water, now do;...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
