“Bundle of Sticks” ” and a Club [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.] At least in Minnesota (where I sell real estate), Sellers who aren’t moved out...Read More
Striking While the Iron Housing Market is Hot “Seller would like to close in early-mid September.” –MLS Agent Remarks, 9228 Decatur Ave. in Bloomington. The normal lag time from consummated Purchase Agreement to closing is six to eight weeks — faster if the home is vacant, the Buyer is paying cash, or both parties are...Read More
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
“Bundle of Sticks” — and a Club At least in Minnesota (where I sell real estate), Sellers who aren’t moved out by closing — and thereby risk derailing the deal — occurs much less than you’d expect. In fact, in 14+ years in the business, I’ve never had a closing postponed or even delayed by a...Read More
