Homing Instinct Sellers frown on Buyers moving in before closing, for about 27 (valid) reasons. See, “Move-in Agreements & Rent-Backs”; and “Real Estate Chutzpah.” But, the Momma raccoon that set up housekeeping in my client’s window well hardly asked anyone’s permission. And since my clients moved out-of-town well before closing, it fell to the Buyer...Read More
Dual Agency Dilemma #17 Never having represented both the Buyer and Seller in the same transaction (I consider it a classic conflict of interest), one of the questions I have for agents who do act as dual agents is, “how do you navigate things like the Buyer’s walk-thru inspection? Provided for in the standard Minnesota Purchase...Read More
But First . . . a Brief History Lesson I don’t know about other states ” I’m only licensed to sell real estate in Minnesota ” but here, residential property taxes are due twice a year: May 15 and October 15. Those non-randomly chosen dates stretch back to when Minnesota’s economy ” like practically every...Read More
Test your real estate (and social) IQ, and see if you know which subjects are in-bounds — and out-of-bounds — for home Buyers and Sellers to discuss at closing: A. The home’s selling price. B. Any walk-thru inspection issues. C. The Buyer’s plans to remodel — or raze(!) — the home post-closing. D. Who the Seller uses...Read More
I’m sure I’m not the only Buyer’s agent who fielded a call this Fall from a (mildly) annoyed client, wanting to know why Hennepin County sent them an invoice for 2nd half property taxes. Especially when they were sure their agent (OK, me) showed them on their closing worksheet (now called the “ALTA”) exactly where...Read More
But First . . . a Brief History Lesson I don’t know about other states ” I’m only licensed to sell real estate in Minnesota ” but here, residential property taxes are due twice a year: May 15 and October 15. Those non-randomly chosen dates stretch back to when Minnesota’s economy ” like practically every...Read More
