Home Sale “Bones of Contention”** — and How to Avoid Them Sellers don’t want to pay special assessments that are payable after closing . . . because they’re not going to be the owner then. It makes sense for the Buyer to pay it, they reason, because it’s the Buyer who’s going to enjoy the...Read More
Reassuring Condo Buyers Normally, someone who purchases a condo or townhome has to wait until they’ve signed a Purchase Agreement to find out how financially strong (or not) the building or development is. See, “Ten Day Review Period . . . 2 Weeks Too Late.” Then, they have ten days to review the related materials...Read More
The $64,000 $500,000 Question: Can You Finance It? Apparently, there are now a number of Downtown Minneapolis condo’s on the market listed at “too good to be true” prices. The catch? They’re in buildings with checkered histories, making financing more difficult if not impossible. Specifically, the list of stumbling blocks include: –Buildings with pending litigation due to defects; –Condo...Read More
