Real estate agents putting together deals this week have an extra challenge: getting the timeline in the Inspection Contingency right. The convention is for Buyers to do their inspection within five business days of Final Acceptance (when the Purchase Agreement is officially “signed, sealed, and delivered”). But with July 4 on Saturday this year, that...Read More
When “Less” Can Be More Every time of year has pluses and minuses for home Buyers and Sellers. The lead-up to a long holiday weekend — in this case, July 4 — is no different. Pluses, from the Buyers’ perspective: –Less competition for homes; less chance of a home that a Buyer wants to see...Read More
TGIT (“Thank God It’s Thursday”) Wednesdays may normally be “hump day” (unless you’re a Realtor), but not this week. In fact, especially when the Wednesday in question (today) leads into a 3-day holiday weekend, it already feels a little Friday-ish . . .Read More
Business Days vs. Holidays vs. Weekend Days Scenario #1: The Buyer and Seller finalize their Purchase Agreement tomorrow (July 3). The Inspection Addendum gives the Buyer 5 days to begin the Inspection. What’s the deadline? Scenario #2: The Buyer and Seller have executed a Contingent Purchase Agreement. The Seller gives the Buyer written notice today (July 2)...Read More
Belated Happy 4th of July! I don’t believe that this photo was actually on MLS before July 4 — I just noticed it over the weekend. And, I don’t know whether that flag/carpet — in front of a $1.315 million “for sale” home near Minneapolis’ Cedar Lake — is real or virtual. But, it’s certainly eye-catching!Read More
No, we didn’t see the half-marathon that was apparently held this am in the vicinity of Minneapolis’ Stone Arch Bridge. But, we did see the (impressive) clean-up efforts — just about completed by 11 a.m. this morning — on our way to brunch at Pracna on Main.Read More
