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foreclosure

Multiple Offers, Multiple Misconceptions (at least, in Minnesota)

“Highest & Best,” Defined [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.] If this Spring housing market is like any other, it’s guaranteed that at least a few home...
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“Highest & Best” Redux for Amazon HQ2 Contestants?

Gargantuan State + Local Tax Incentives = Pyrrhic Victory for “Winning” Bidder “Amazon Narrows Down List for HQ2 to 20 Cities” —Headline, Bloomberg.com (1/18/2018). Anyone hearing the news that Amazon had “narrowed” the list of contenders down to 20 cities might properly comment, “Good Lord! How many cities were on the original list??” (answer: 238). While...
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Exactly What’s “Limited” in a Limited Warranty Deed?

Edina Realty’s 2016 Realtor Continuing Education, Cont. [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.] What does a former corporate attorney who’s been selling real estate for over 14...
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“You Know a Property’s Really in Demand When . . .”

Multiple Offers x 2 You know a home is a hot commodity when it hits the market; immediately attracts multiple offers; has a deal fall apart; goes back on the market; then immediately goes into multiple offers again. Believe it or not, that exact scenario just played out in St. Louis Park’s Fern Hill neighborhood....
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Minnetonka Single Family Home for $135,900?!? What’s the Catch?

Batteries Land Not Included Of the 626 single family homes that sold in Minnetonka in the last year, a grand total of 3(!) fetched less than $135,900 — the asking price for the 3 BR/1 Bath home (pictured above) that just came on the market two hours ago. So, what’s the catch? I count five,...
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Runner-Up Buyer Protest in Multiples: “But, I Would’ve Gone Higher!!”

The Consequences of “Highest & Best” in Multiple Offers, or, “Woulda Coulda Shoulda” With tight inventory and the prospect of multiple offers returning to various Twin Cities neighborhoods, it’s a certainty that at least one local home Buyer this Spring — upon hearing they came up short in multiple offers — will protest, “But, I...
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