Five-Step Checklist One of the last steps before closing ” in fact, sometimes done on the way to closing* ” is the Buyer’s walk-thru. To my mind, at least, the Buyer’s walk-thru has these five goals: One. Determine that there’s been no change in the home’s condition since the Inspection Contingency was removed. What can...Read More
The Case of the Mysteriously Missing Inspection Clause “Seller Shall/Shall not have the right to continue to offer the Property for sale until this Inspection Contingency is removed.” –old Minnesota Residential Purchase Agreement, lines 192. – 193. [Editor’s Note: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire...Read More
Wielding Veto Power Over Buyer’s Lender, Inspector [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.] “Whoever has the gold, make the rules.” –“Golden Rule” (at least, one version). “Whoever...Read More
Five-Step Checklist One of the last steps before closing ” in fact, sometimes done on the way to closing* ” is the Buyer’s walk-thru. To my mind, at least, the Buyer’s walk-thru has these five goals: One. Determine that there’s been no change in the home’s condition since the Inspection Contingency was removed. What can...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
Financing “Vote of Confidence” One of the best, early signs that the Buyer’s lender is on top of things — and a good omen for final underwriting approval generally — is when the lender orders the appraisal for the day after the Buyer’s inspection removal deadline. That’s in contrast to the usual timetable, in which the...Read More
