Procuring Cause Paradox [Note to Readers: 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.] One of the more contentious, behind-the-scenes issues that can crop up in residential real estate is, “which...Read More
“After You” . . . “No, After You” . . . “No, After You” [Note to Readers: 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.] Combine record-tight inventory in many Twin...Read More
65 Showings, 10(!) Offers What kind of Twin Cities home attracts 65 showings — and no less than 10(!) offers — in less than 3 days on the market? Homes like this one. The 3 BR/2 Bath walkout rambler located at 708 NE 118th Ave. debuted on the market last Friday at a list price of $149,900, and was officially...Read More
“The Preference for Pottery Barn” (Decor) Contrary to popular perception, not every Twin Cities home new to the market is immediately getting snapped up in multiple offers right now. What kind of home is? Here are the four attributes that such homes seem to most often share: One. Price point, i.e., they occupy the lower...Read More
Clean vs. Cluttery Offers With multiple offers breaking out all over the Twin Cities housing market now, it’s a smart idea for prospective Buyers competing for a home to know what, besides price, is likely to set their offer apart . . . for both good and bad. Good: a short, clean offer with a...Read More
“Turtles All the Way Down” (Also Known as “Infinite Regress”) As a faithful agent, I’ll always do what my principal — the client — instructs me to do. But, that doesn’t mean I necessarily endorse their chosen strategy. Two cases in point: 1) so-called “asterisk clause” offers, in which a Buyer in multiple offers promises...Read More
