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forfeit earnest money

The 2nd Most Important Date in a Home Sale

[Note to Readers: 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.] The most important date in a residential real estate deal? Easy: closing. So, what’s the second most important date? At...
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The 2nd Most Important Date in a Home Sale

The most important date in a residential real estate deal? Easy ” closing. So, what’s the second most important date? At least in Minnesota, the date that the Buyer’s Written Statement is due. See, ““You mean, there’s no deal AND they get their earnest money back?!?”.” Significance Up until that date, all the home Seller...
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The 2nd Most Important Date in a Home Sale

The most important date in a residential real estate deal? Easy ” closing. So, what’s the second most important date? At least in Minnesota, the date that the Buyer’s Written Statement is due.  See, “You Mean There’s No Deal, AND the Buyer Gets Their Earnest Money Back?!?” Significance Up until that date, all the home Seller...
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The 2nd Most Important Date in a Home Sale

The most important date in a residential real estate deal? Easy — closing. So, what’s the second most important date? At least in Minnesota, the date that the Buyer’s Written Statement is due.  See, “You Mean There’s No Deal, AND the Buyer Gets Their Earnest Money Back?!?” Significance Up until that date, all the home Seller...
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Home Stretch on a Deal

Pre-Closing Jitters First, a caveat (actually, two):  1) most residential real estate deals close on time with no — or small — last-minute issues; 2) good agents proactively work to anticipate and resolve any such issues.   That said, you still worry — albeit Sellers typically more than Buyers, especially in today’s housing market and economy. One potential...
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