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“Changing the Closing Date” Multiple Choice

Contractual Assent . . . and a Veto Power [Note to Readers: 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.] To successfully change the closing date of a home sale, which...
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“Changing the Closing Date” Multiple Choice

Contractual Assent . . . and a Veto Power [Note to Readers: 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.] To successfully change the closing date of a home sale, which...
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“Changing the Closing Date” Multiple Choice

Contractual Assent . . . and a Veto Power [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.] To successfully change the closing date of a home sale, which of...
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The Buyer’s Written Statement is Late: “No Biggie” or “Uh-Oh/Holy Sh*T!!”

[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.] As I tell clients, the second most important date in a residential Purchase Agreement is the Written Statement deadline (the most...
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Starting a Deal on the 50-Yard Line

Strong Lender = Strong Deal  Normally, when Realtors think about financially qualifying a home Buyer, they think about what the listing agent — representing the Seller — does. Stuff like vetting the Buyer’s Pre-approval Letter (and making sure there is one!); interviewing the Buyer’s lender once an offer comes in; making sure the Buyer’s earnest...
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“Substantially the Same Condition”*

Standard for Buyer’s Walk-Through Inspection “I know it when I see it.” –United States Supreme Court Justice Potter Stewart’s threshold test for defining obscenity. What’s fair game for raising issues during the Buyer’s walk-through inspection? (typically, conducted within 48 hours of closing).  At least in Minnesota, any changes to the home since the Buyer’s inspection that substantially alter its...
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