Why Homeowners Let the Competition Look (or Should) Wait a second: Don’t Buyers’ agents represent Buyers at a preview? (in contrast to a showing, a preview is when just the Realtor views the home). And exactly how does an agent represent the Seller of the home they’re previewing — don’t they already have an agent? (called “the listing...Read More
Technical vs. Functional Definition Test your knowledge of residential real estate by answering this question: Who defines what constitutes a legal bedroom? A. The county where the home is located; B. The city where the home is located; C. The local multiple listing service (MLS); D. The listing agent representing the Seller. Answer: “A.” or...Read More
“You’ll Love the Office . . Exercise Room . . . Spare Bedroom . . . Bonus Room!” I just showed clients an Edina home with what looked to be an Amusement Room. A very underwhelming Amusement Room. The room was hard to access (down a half flight of steps at the end of a hall); had a vaulted ceiling...Read More
Difference With a Distinction My hunch is that most people (including Realtors) don’t know the difference between “bay” and “bow” windows — and therefore use the terms interchangeably. For the record, “bow” windows are curved (like the bow in “bow and arrow”). By contrast, “bay” windows have a series of (obtuse) angles (that is, between...Read More
Real estate agents putting together deals this week have an extra challenge: getting the timeline in the Inspection Contingency right. The convention is for Buyers to do their inspection within five business days of Final Acceptance (when the Purchase Agreement is officially “signed, sealed, and delivered”). But with July 4 on Saturday this year, that...Read More
Don’t Hold Your Breath Waiting For an Apology [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.] Your company’s breathtaking recklessness, greed, and — above all — stupidity(!) blow a $200 billion hole in its balance sheet, threatening the global...Read More
