Reading Between the (MLS) Lines [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.] Test your knowledge of today’s housing market, and answer the following question: How can Buyers’...Read More
Savvy Home Buyer Multiple Choice [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.] Test your knowledge of today’s housing market, and answer the following question: How can Buyers’ agents...Read More
Lots of Third Parties, Oversight Test your knowledge of residential real estate, and answer the following question: Which of the following have the power to force a home seller to make a repair prior to closing? A. The Buyer; B. The Buyer’s home insurance carrier; C. The local municipality; D. The Buyer’s lender. Answer: all...Read More
Buyers: “What is the Seller Hiding??” Sellers don’t HAVE to incriminate themselves — make that, their homes — when they put their house on the market. At least in Minnesota, one of the sanctioned Seller’s Disclosure Alternatives is for the Seller to waive disclosing anything at all (the Buyer has to then agree to that)....Read More
Telling Buyers What They Know About Their Home’s Condition “Treat people the way you’d like them to treat you.” –The Golden Rule “Home Sellers should tell prospective Buyers anything that they would want to know if they were buying the home.” –The Golden Rule, real estate version Given that 90%-plus of all residential real estate...Read More
“Pardon my French Condensation” Notwithstanding the oppressive weather in the Twin Cities the past few days, I’ve been busy showing homes. Which means viewing homes with tons of condensation on the windows; walking through basements with leaky or overflowing dehumidifiers; and seeing a/c coils that are laboring mightily. To their credit, in each case the listing...Read More
