It Depends on What the Definition of “It” Is (and also “Fix”) “Fix“: Pronunciation /fiks/ /fɪks/ (Informal): Influence the outcome of (something, especially a race, contest, or election) by illegal or underhanded means. –Oxford Dictionary. [Note to Readers: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway,...Read More
A “LIBOR ARM” sounds vaguely related to a frozen shoulder. It’s not. Pronounced “Lee′-bore,” it stands for the “London Inter-bank Offered Rate,” a widely used benchmark (or peg) for setting mortgage rates and other debt. Meanwhile, “ARM” stands for “Adjustable Rate Mortgage.” Definition, Please What does all that mean in practice? A homeowner with a...Read More
Biting the Bullet vs. Discounting the Sales Price Can Minnesota homeowners sell a house with a red-tagged furnace? The somewhat surprising answer: “You betcha!”** Ahhh, but is it smart to sell a home that needs a new furnace? The answer to that is more nuanced. Here’s mine: “Usually not — but it depends on the home’s...Read More
