Tag

Cancel

Buyers Who “Sit Shiva”** for a Cancelled Deal — That THEY Cancelled (Huh?!?)

Mourning the Loss of a House: not “The One,” after all Just because no one died, doesn’t mean that home Buyers who feel compelled to cancel a deal — typically in the wake of a (very) bad inspection — aren’t disappointed. In fact, depending on how excited the Buyer was about the home in question, how...
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Which VIP Visited the Twin Cities This Morning??

TWO Types of Drone “No Fly” Zones Unbeknownst to me until this morning, there are actually TWO types of “no fly” zones governing the use of drones. They are: 1) permanent “no fly” zones — typically adjacent to airports, where drones could interfere with low-flying commercial aircraft; and 2) temporary “no fly” zones, which are...
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Twin Cities Snow Day = Broker Open “Do Over?”

No 2nd Chance to Make a 1st Impression It’s always a judgment call whether to go ahead with a scheduled “Broker open” ” held for fellow Twin Cities Realtors from 11 a.m. to 1 p.m each Tuesday ” when winter weather intrudes (the Twin Cities is digging out from a fresh 8″ since noon yesterday)....
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No Real Estate Photos — or Much Housing Activity of Any Kind — in Twin Cities Today

Snow Day!! ( . . . and Night??) Professional photographers can digitally compensate for many weather conditions, less-than-ideal light, etc. But, near-white out conditions are the exception. Which is why my scheduled photo shoot near Cedar Lake this afternoon is a scrub. Ditto, apparently, for many Twin Cities schools today, virtually all local after-school activities,...
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“Get Me Out of the Deal!”: Statutory Cancellation for Beginners

  “Subject to” . .  “Statutory” . .  . “Cancellation” . . . Huh?!? [Editor’s Note:  In addition to “statutory cancellation,” there is another legal status called “subject to statutory Rescission.”  At least in Minnesota, purchasers of condo’s and townhomes have a 10 day right to rescind while they review the related Association disclosures. While that...
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Purchase Agreements, Deadlines, and (Other) Ultimatums

“This Offer is Only Valid Until Noon, January 16” [Editor’s Note:  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.] At least in Minnesota, where I sell real estate, deadlines are incorporated...
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