Corporate Lines of Credit: ATM’s for Business [Note to Readers: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway (“Berkshire”), or any other entity referenced. Edina Realty is a subsidiary of Berkshire.] To understand the stress on the financial system now, start with millions of people...Read More
Sold in 3(!) Days — For Almost $43k Over List Price! Where: 140 Gleahaven Road, Wayzata. What: 4 BR/3 Bath mid-century Rambler with 2,800 finished square feet. When: closed November 30. How much: listed for $459,900; sold for $502,500. Who: listed by Carolyn Olson, Coldwell Banker Burnet; sold by Gregg Larsen and Mike Rosolanka, Coldwell Banker Burnet. In...Read More
Cash vs. Financed Deals Is 21 days enough time to buy a home? If two of those days are a holiday (Dec. 24 -25) AND the Buyer needs a mortgage . . . almost certainly not. That’s because, with a financed deal, it takes at least 10-12 business days just to secure a mortgage. In...Read More
Ways to Finance a Home Purchase One of the more obscure fields on MLS lists the various kinds of financing the Seller will accept, or may be available to buy the home. So, it’s typical to see “Conventional” (federally guaranteed mortgages under $417k), “FHA,” “DVA” (Department of Veteran Affairs), and “Jumbo” (loans over $417k) —...Read More
Not to Be Confused With “The Parent ATM” Too busy to get to the ATM? If you’re meeting friends at a restaurant, Plan B is to pay for everyone with plastic, then collect cash from your friends for their share. Unfortunately, unlike another famous type of ATM (“the Parent ATM”), cash obtained via “The Friend...Read More
