Decoding Realtor-Speak [Note to Readers: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway (“Berkshire”), or any other entity referenced. Edina Realty is a subsidiary of Berkshire.] There’s usually not much mystery about which homes fall into the “fixer upper” category. Either the pictures give it...Read More
Clues to Home’s Condition: Seller’s Financing Terms “Seller Terms: FHA, FHA Rehab 203k, DVA, Conventional, Adj. Rate/Gr Payment, Special Funding, Cash.” –MLS listing Can you spot the yellow flag in the preceding list of financing options? No rule of thumb is 100%, but the vast majority of the time, when the Seller’s financing terms include...Read More
