When One Showing = Three The evidence is mixed about whether a quick jury verdict is good or bad for the defendant. But in residential real estate, there’s no such ambiguity: a quick showing is invariably bad for the owner, while a long one is very, very good. In fact, the longer the better. I...Read More
First Come, First Served Which of the following is a legitimate reason for a Seller to take longer than 48 hours to respond to a Buyer’s written offer? A. The Seller is out-of-town. B. The Seller’s agent is out-of-town. C. The Seller is sick. D. The Seller’s lawyer needs to review the offer. Answer: none...Read More
Credit Convalescence I know don’t know that there’s a firm rule of thumb out there — ultimately, individual lenders decide to make a loan or not based on individual circumstances — but there are some conventions as to how long it takes a would-be borrower to rehabilitate their credit after a short sale. The consensus?...Read More
Whose Job is it? It’s not my job, as the Buyer’s agent, to have the “For Sale” sign removed after closing. But if the listing agent (representing the Seller) doesn’t arrange to have that done, it is my job to follow-up. In fact, at least at bigger brokers like Edina Realty, that process is done automatically...Read More
From “3-1-1” to “5-2-1” The primary reason Buyers have a finite amount of time to do their home inspection is because Sellers want to know where they stand. So, if the Buyer and Seller can’t agree on resolving any issues that come up, the Seller wants to be able to go back on the market, with...Read More
