A Tale of Two Cities Three Waterfronts [Editor’s Note: while I know my hometown, Minneapolis, quite well, I’m less familiar with Miami and Malibu. What I know about the latter two is based on brief visits and articles I’ve read.] While featuring different styles and sensibilities (not to mention very different climates), somewhat surprisingly, Minneapolis, Miami,...Read More
Ad Hoc vs. Whole Building Approach For at least a couple years now, I’ve counseled my condo Buyers to be leery of a certain Lake Calhoun condo building. My concern(s)? That is, besides suspiciously low sale prices (often a giveaway): I’d heard numerous stories about alleged problems (remember, I’m a former attorney) with the building’s...Read More
What happens when you have one client (a Buyer) selling condo unit #402, and another client (a Buyer) purchasing condo unit #403? And the two properties are less than a mile apart, and both are now “Pending” on MLS? It’s hard to keep them straight. Thanks to Edina Title for sorting things out . ....Read More
Common Interest Community (“CIC”) Rules & Reg’s Test your knowledge of Common Interest Communities — typically associated with condo’s and town homes — and answer the following multiple choice question: Which of the following is most likely to be a deal breaker in the sale of a condo or town home? A. No fireplace —...Read More
Showing Condo’s The odds of a lockbox being unusually difficult to open vary directly with how pressed you are for time. –Ross Kaplan Q: When is being on time, late? A: When you’re showing multiple condo’s in an unfamiliar building. If you’re showing several condo’s in a building you don’t know, it’s always a good idea...Read More
How to Increase Your Property’s Value . . . For Free! Psssttt! Hey, you! Twin Cities condo owner! Want to increase your property’s value 2% – 3% — conservatively — without spending a dime? Seriously. What’s the catch? There isn’t one (unless, perhaps, you happen to have bad allergies). Have your building association revisit its...Read More
