Solid Financing? Who Says? Assuming that one of the offers isn’t cash, for full price (or over), what can be a deciding factor for Sellers weighing multiple offers? A Buyer who has rock-solid financing — and a loan officer who vouches for same. So, an especially good strategy wooing such a Seller is to make...Read More
Where: 2250 Delaware Avenue in Sunfish Lake. What: 4 Bedroom/3 Bath home with 4,500 finished square feet, built in 1870, and set on almost 19(!) beautiful acres. How much: $2.5 million. When: listed July 31. Who: Seller represented by Karen Antone and Sheri Fine, both in the Edina Realty City Lakes office. Lest anyone (mistakenly) think that...Read More
Avoiding Appraisal Minefields We may be small, but we’re slow. –Cal Tech football team slogan Once upon a time, when the credit spigots were wide open, Buyers’ financing didn’t much matter to Sellers: at closing, they received cash. Period. Today? With fewer, strong Buyers out there, tighter credit, and more appraisal minefields to navigate, there is...Read More
“It Was THIS Big! No, It Was THIS Big!” First, stipulate that Realtors as a group are a talkative bunch. Then, consider that listing agents (at least good ones) hold any sales details very close to the vest — at least until closing. The result is an active rumor mill surrounding the status and disposition...Read More
