Tag

define

2 Bedroom/2 Bath Minnetonka Townhouse with Roommate Layout (“Roommate Layout??”)

5482 Sanibel Drive in Minnetonka So, exactly what does the listing agent — Sandal Hart in Edina Realty-City Lakes’ office — mean by “roommate layout?” The “Agent Remarks” section on MLS explains:  “TWO large master suites, both with walk-in closets and private full bathrooms (unique “roommate” design).” NOW I get it. And Sandal is correct: ...
Read More

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...
Read More

Turning the Tables On Buyers Who Want to Buy Contingent

MLS:  “An Offer Has Been Accepted Contingent Upon:  Sale of Another Property” In a non-Contingent offer — also just called a regular offer — the prospective home Buyer represents that they can perform (= pay) without first having to sell another home. Ergo, a Contingent offer is one in which they have to sell their current home...
Read More

Christmas — and TNAS — Season

Chances of Selling: “Possibly” vs. “0%, 100% Guaranteed” “In the land of the blind, the one-eyed man is King.” –proverb The real estate corollary to the proverb above? “During a time of year when inventory of good homes is depleted, and lots of “For Sale” homes are temporarily off the market (“TNAS,” or Temporarily Not...
Read More

“Flatwork,” Defined

There Oughta Be a Word For That What do you call all the things outside a home ” like concrete steps, pavers, custom handrails, retaining walls, etc. ” that don’t quite qualify as “landscaping?” “Flatwork.” Thanks to Lisa Meyer, Edina Realty’s Roseville Office Manager, for solving that one. P.S.: “Flatware” refers to eating utensils and plates.
Read More

Definition, Please: What’s a “Trump Triplex?”

Perplexed by “Plex” Here in the Midwest, a “triplex” has a specific, defined meaning:  it’s an apartment building with three, legally separate rental units. Ergo, a duplex consists of two units, a fourplex, four, and so on. The units may either be side-by-side or stacked vertically — same (legal) difference. Number of Floors vs. Units...
Read More
1 18 19 20 21 22 31

Archives