“They Can’t Do That!!” (Can They??) Add one more item to the list of annoyances — and expenses — associated with buying a foreclosure in the Twin Cities. So, word the last week or so is that at least some banks in town selling REO (“Real estate owned”) properties — also known as foreclosures — are...Read More
“What, Somebody’s Going to Steal the Copper Again?” [Editor’s Note: before I lose all my Readers, I promise to switch to sunnier posts . . . next week.] Normally, when I need to re-schedule a confirmed showing, I make a point of calling the listing agent’s office to let them know. For one thing, it’s just...Read More
Realtor, Layman Definitions To home sellers, “As is” usually means that they’re not going to do any updating or staging to get ready for market. So, the dated carpet, scuffed hardwood floors, and out-of-fashion interior paint . . . are going to remain dated, scuffed, and out-of-fashion.All fine, by the way — as long as...Read More
Sellers Who Don’t Know the Condition of their Homes What’s the most important question on the Seller’s Disclosure? (in Minnesota, a 9 page, single-spaced document with perhaps over 100 of them) At least in my opinion, the one asking whether the owner has continuously lived in the home the last 12 months. That’s because the...Read More
Back on the Market Twice (in 10 days); Third Time’s the Charm? The image I have in my head for this St. Louis Park foreclosure is a traffic light, alternately blinking green, then red, then green, etc. That’s because in less than 2 weeks on the market, it’s already gone “Pending” twice, and each time...Read More
“Inspect All You Want” (They Said) Welcome to the Hotel CaliforniaSuch a lovely place, such a lovely faceThey livin’ it up at the Hotel CaliforniaWhat a nice surprise (what a nice surprise) bring your alibis Mirrors on the ceiling, the pink champagne on iceAnd she said we are all just prisoners here of our own...Read More
