[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.] If you want the scoop on a busted deal, a good starting point is the listing agent (representing the Seller)....Read More
Putting a (Too) Good Face on Things? It’s a fact of (real estate) life: sales fall through. Buyers change their minds. Inspection issues come up. Buyers can’t get financing** (the honest explanation at least 80% of the time). When any of those (or other) unhappy events occur, listing agents have the demoralizing task of switching...Read More
Home Seller Lament: “But, I Got it (Full Price) Before!” One of the toughest pills for home Sellers to swallow is revisiting their asking price in the wake of a failed deal, especially if the deal was for full price (or more), early in the listing. That’s especially so when the deal later fell apart solely...Read More
Home Seller Lament: “But, I Got it (Full Price) Before!” One of the toughest pills for home Sellers to swallow is revisiting their asking price in the wake of a failed deal, especially if the deal was for full price (or more), early in the listing. That’s especially so when the deal later fell apart solely...Read More
If you want the scoop on a busted deal, a good starting point is the listing agent (representing the Seller). However, if you want the real scoop . . . talk to the former Buyer’s agent. That is, assuming you can find them — and if they’ll talk. MLS Status Once there’s a signed Purchase Agreement,...Read More
Sticking With the Bird in the Hand The reason that Buyers and Sellers typically renegotiate the price when a home appraises low is that the Seller has no guaranty that . . . it won’t happen again. Either with the same Buyer, and another lender. Or, if they scuttle the deal, with another Buyer and...Read More
