“Force Majeure” Clauses [Editor’s Note: This post originally ran on May 29, 2011, after tornadoes damaged scores of North Minneapolis homes. In the wake of Friday’s even more devastating storm — with hundreds of downed trees, smashed cars, and smashed homes throughout the Twin Cities — it seemed timely to re-run.] RISK OF LOSS. If...Read More
What Did Buyer #2 Know? (and When Did They Know It?) The vast majority of inspections go smoothly, resulting in a nominal reduction in the sales price (if that). On the relatively rare occasions when a Buyer’s inspection turns up a major issue (or several), most of the time, the deal still holds together —...Read More
Real Estate Emergency? Usually Not (Thankfully) I can think of a handful of situations that qualify as a bona fide real estate emergency: –Getting an offer to the listing agent, pre-deadline, on a home in multiple offers; –Getting in to see a newly-listed home likely to be in multiple offers; –Responding to the other party...Read More