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Counteroffers vs. Addenda vs. Amendments in Three, Easy Symbols

                        <    +     Î”   [Editor’s Note:  Nothing in this post or on this blog should be construed as offering legal counsel.  If you require legal advice, please consult an attorney.] If you want to skip my post, “Counteroffer vs. Amendment vs. Addendum” and cut to the chase, here it is, in three...
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MLS Trends in One Word: “More”

Risk:  More BAD Photos & Marketing Verbiage First, last Summer, the amount of space allotted for “Agent” and “Public Remarks” on MLS effectively doubled (from 256 characters and spaces to 500). Last week, the number of pictures allowed on MLS jumped from 16 to 24 — and the resolution went up, too! Best Foot Feet Forward...
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Bye, Bye, Home Seller Warranties — or, No More “Gotcha’s”

Seller Disclosure Looms Larger The big 2012-2013 change in Minnesota contracts to buy or sell residential real estate — effective Oct. 1 — is the omission of a clause whereby Sellers formerly warranted that the home’s mechanical systems would be in working order as of the date of closing. The primary reason? The language effectively served as...
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