Home Sale “Bones of Contention”** — and How to Avoid Them Sellers don’t want to pay special assessments that are payable after closing . . . because they’re not going to be the owner then. It makes sense for the Buyer to pay it, they reason, because it’s the Buyer who’s going to enjoy the...Read More
Real Estate Terminology 101 “Final acceptance” sounds like something that happens in a hospice, or perhaps what Woody Allen has been seeking in therapy all these years. Fortunately, the real estate version is not so macabre: it’s just a fancy way of saying, “Done Deal!” “Signed, Sealed, & (Constructively) Delivered” Specifically, “Final Acceptance” refers to...Read More
Cash vs. Financed Deals Is 21 days enough time to buy a home? If two of those days are a holiday (Dec. 24 -25) AND the Buyer needs a mortgage . . . almost certainly not. That’s because, with a financed deal, it takes at least 10-12 business days just to secure a mortgage. In...Read More
“Buy a House in Minnesota in December?” “Are You %#&!$ Crazy?!?” Actually, no. In fact, I can think of three reasons why that’s actually a very good idea. Discount Shockers One. Best deals of the year. Every year I’ve been selling real estate ” and it’s now 17 ” the best deals of the year...Read More
Recognize This House? Me, Neither Scarcely six months after I sold 2521 Kipling in St. Louis Park’s Fern Hill neighborhood last Spring . . . the home is a veritable construction site. Which explains why the Buyer’s inspection went so smoothly: my recollection is that the Buyer raised few (if any) issues, and quickly removed their Inspection...Read More
“Bookends” at Beginning, End of Loan Process [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.] As anyone who’s recently bought or sold a home in Minnesota knows, a Pre-approval...Read More
