“What Did the Seller Know, and When Did They Know It?” [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.] At least in Minnesota, Realtors have an independent duty to...Read More
“This Offer is Only Valid Until Noon, August 4” [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.] At least in Minnesota, where I sell real estate, deadlines are incorporated...Read More
Using a Lowball Offer . . . to Get One That Isn’t “A crisis is a terrible thing to waste.” –Paul Romer (repeated by Rahm Emanuel and many, many others) “A lowball offer is a terrible thing to waste.” –Ross Kaplan [Editor’s Note: a least in the Twin Cities, lowball offers on well-priced, well-marketed homes...Read More
Geologic . . . and Housing “Box Can′-Yon”: a small ravine or canyon with steep walls on three sides, allowing access and egress only through the mouth of the canyon. –Definition, Wikipedia As a (former) avid hiker, a box canyon to me was always the kind described above. However, as a current selling client —...Read More
Law of Diminishing Returns Past Three or More Showings Want to handicap the odds of any given Buyer purchasing a home? Think of a Bell Curve, with the peak corresponding to 2-3 showings (call it “2.5”); the left tail 1 showing, and the right tail four or more showings. In other words . . . the...Read More
Buyer’s Agent: ‘Where on Earth is the Lockbox?!? Oh, THERE It Is!” The vast majority of the time, the easiest and best place to locate a lockbox — holding the key(s) the Buyer’s agent needs to access the home — is the front door. However, sometimes that’s not possible because there’s nothing to securely attach...Read More
