“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
“This Offer is Only Valid Until Noon, August 4” [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, deadlines are incorporated...Read More
Getting “Rebound” Listings Ready for Market Contrary to popular perception, not everything in a Seller’s market sells right away — or at all. When that’s the case, it’s common for the owner to either take their home off the market, or, if they’ve already moved out, to rent it (most popular lease term: one year)....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
Contingent Offer Multiple Choice [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.] Test your knowledge of the Summer, 2015 housing market and field this question: Contingent offers — when a Buyer buys contingent on being able to...Read More
