Tag

gotcha

Quick! How Many Windows Do You See?

Window Washing “Gotcha’s, or, Avoiding a Paneful Bill (Sorry) How many windows do you count in the bay window pictured above? A. One. B. Ten. C. Sixty. D. One hundred and twenty. Most people would say they’re looking at a single, bay window. A smaller subset might say they see two rows of five windows, for...
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How to Win at “I, Me, or Mine”

“But, I Didn’t . . . .”  Yes, You Did. I took a terrific continuing ed course recently where the instructor devised a game to make Realtors aware of just how egocentric they/we can be — and to cut it out. Instead, the focus should always be on the client. The game:  for the class...
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Barnes & Noble’s $50 Coupon Come-On

“Coupon Caveats,” or, When the Sum of the Parts < The Whole [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.] There may be valid reasons to buy an annual Barnes & Noble membership for $25. But, the promised $50...
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Home Purchase Agreement Loopholes and “Gotcha’s,” circa 2016

Parsing a “5-2-1” Timeline in the Buyer’s Inspection Contingency [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.] One of the trickiest clauses in the standard Minnesota housing purchase agreement...
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Bye, Bye, Home Seller Warranties — or, No More “Gotcha’s”

Seller Disclosure Looms Larger The big 2012-2013 change in Minnesota contracts to buy or sell residential real estate — effective Oct. 1 — is the omission of a clause whereby Sellers formerly warranted that the home’s mechanical systems would be in working order as of the date of closing. The primary reason? The language effectively served as...
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Real Estate Representation Contracts

Playing “Gotcha?” Nope, Just Setting Expectations It’s always a good idea for a Realtor and the Buyer they’re representing to have a signed Representation contract. That’s true even if the Buyer and Realtor have known each other for years, and already done multiple deals together. In fact, that’s especially true if the Buyer and Realtor...
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