“Buyer Hereby Removes Its Inspection Contingency” Whether or not you insist on a clause like the one above in any post-Inspection Amendment depends. Specifically, on whether you’re a Buyer or a Seller. Quid Pro Quo To preclude the Buyer coming back with more issues while the Inspection period is still open, Sellers should insist that...Read More
Alternatives to Dropping the Price When a Home Doesn’t Sell Unfortunately for owners of “For Sale” homes that . . . aren’t (selling), the explanation is seldom just mediocre marketing. If that were the case, the solution would be simple: great marketing (supplied by a new and presumably better Realtor). Instead, at least in my experience,...Read More
The Direct Approach No landlord — especially in Minnesota — wants to deal with a vacancy when it’s 10° degrees outside (or -20° below). How do you prevent that? At least one property manager I know explicitly writes that into their rental lease. If the rental begins any time other than December, January, or February, the...Read More
WSJ: ‘As Lockup Expires, Twitter Holders Fly the Coop’ 1twit noun \ˈtwit\ : a stupid or foolish person. In addition to the general definition of “twit” (above), I have a special case: momentum investors who bought Twitter’s stock and have now lost more than half their money this year (see also, “chump”). Yesterday’s not-so-randomly timed, 18% plunge...Read More
Products vs. Services Like a lot of people, I’m sure, I have a drawer-full of coupons — for restaurants, haircuts, and even a massage — that are set to expire unused Monday (Dec. 31). The explanation? The lines have been too long. It’s not a deal if you can’t take advantage of it . ....Read More
Ok, so there are only three zeroes attached — or sometimes just two (vs. Wall Street’s five or six), but more and more MLS listings these days are dangling bonuses in front of the Buyer’s agent (called the “Selling Agent” once the deal has closed). Unlike a fatter commission payout, which the Buyer’s agent has to split with...Read More
