Avoiding the “Contingency Premium” “We may be small, but we’re slow.” —Cal Tech football team slogan. If you were a home seller, how much extra would you want in order to assume the risk that your Buyer could successfully sell their current home in a timely fashion ” the standard Contingency is 60-90 days ”...Read More
Putting (Too) Good a Face on Things? It’s a fact of (real estate) life: sales fall through. Buyers change their minds. Inspection issues come up. Buyers can’t get financing* (the honest explanation at least 80% of the time). When any of those (or other) unhappy events occur, listing agents have the demoralizing task of switching...Read More
Avoiding the “Contingency Premium” “We may be small, but we’re slow.” –Cal Tech football team slogan. If you were a home seller, how much extra would you want in order to assume the risk that your Buyer could successfully sell their current home in a timely fashion — the standard Contingency is 60-90 days —...Read More
Wait a second! Aren’t there still almost three months left in 2016? Not if you’re contemplating buying or selling a home — at least, if a mortgage is involved. Then, the window to complete a deal this year is rapidly closing. That’s because the typical lag time from consummated Purchase Agreement to closing is 6-8...Read More
Not to Be Confused With “Dumpster Diving” “Dumpster diving” is when bargain hunters look for something salvageable (or edible — blechh!) in a dumpster. So, what’s “dumpster chasing?” When bargain hunters target the owner of the home behind the dumpster. Specifically, “dumpster chasers” solicit homeowners to find out if all that emptying out/updating is in anticipation of going...Read More
When One Word (“PROPOSED House”) Looms Large Test your knowledge of encroachment issues, and see if you can detect a problem in the photo above. Give up? The northeast corner of the home on the pie-shaped lot clearly encroaches on the lot immediately to the east. Make that, the lot underneath the Minnetonka home my...Read More
