Guilty Until Proven Innocent? How do you know a would-be home seller has just suffered a rash of cancellations and no-shows? Their agent (known as the listing agent) grills the next couple Buyer’s agents trying to show the property. That can be by email, voicemail, text or even by requiring a “chaperoned showing”: that is,...Read More
Telling Sellers What They Want to Hear . . . While Trolling for Other Business [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 aren’t a Realtor (and don’t have a magnifying glass), the photo above is...Read More
“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 10-day...Read More
Moot Issue . . . Unless the Deal Hiccups One of the biggest concerns residential home Buyers have is who holds their earnest money check. Due once there is an accepted Purchase Agreement, earnest money typically is equivalent to 2% – 5% of the purchase price, and plays a dual role: a) it signifies the...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
Not Just Inclement Weather “Neither snow nor rain nor heat nor gloom of night stays these couriers from the swift completion of their appointed rounds.” –Mail carriers’ motto Unlike mail carriers, there’s actually a list of weather conditions that will cause home photographers to scrub. Like rain, snow, fog, and — especially for interior shots...Read More
