Getting to Deal Breakers (Like Projected Remodeling Costs), Faster Eighteen months ago, when Wall Street-backed Buyers were vacuuming up Twin Cities homes, the first showing was effectively the inspection. That’s because such corporate Buyers purchased sight unseen (for cash!), and used the inspection to decide if they really wanted the home. See, “Cash Buyers, Sight...Read More
Putting (Too) Good a Face on Things? It’s a fact of (real estate) life: sales fall through. Buyers change their minds. Inspection issues come up. Buyers can’t get financing* (the honest explanation at least 80% of the time). When any of those (or other) unhappy events occur, listing agents have the demoralizing task of switching...Read More
The OTHER Reason to See a Home That’s “Sold, Subject to Inspection” The usual reason for prospective Buyers to see a “For Sale” home is . . . they’re interested in buying it. But, if the home in question is “Sold, Subject to Inspection” — that is, it’s already under contract, but not past inspection...Read More
Pre-Negotiating a Short Sale on MLS “Short sale professionally negotiated. Earnest money to be deposited and inspection contingency to be removed BEFORE the offer will be submitted to the lender for approval.” –“Agent Remarks”; MLS What’s the listing agent telling Buyers’ agents with the above language? (note: unlike “Public Remarks,” “Agent Remarks” are only intended...Read More
Helping Their Client? Or Hurting? For the benefit of every Buyer’s agent in multiple offers during the upcoming Spring market (start: early Feb.), who thinks they’re serving their client by hounding the listing agent . . . the following is for you: Dear fellow agent: As you know, the home your client is interested in buying is...Read More
“Business Days” The exact reasons are a bit of a mystery, but there’s no question that Buyers’ home inspections have become more drawn out in recent years. So, once upon a time, it was customary to allow Buyers three days to perform the inspection; one more day to provide the Seller with a written list...Read More
