Hearing it From Seller > Hearing it From Neighbors As advice to home Sellers regarding disclosure goes, it’s hard to beat, “tell what you know.” The other standard caution to Sellers is, “it’s not what you think is relevant, it’s what Buyers think [is relevant].” But, there’s an even more practical test. “Meet the Neighbors”...Read More
Lawsuit: ‘Bank Overcharged for Flood Zone Determinations’ If you bought a home or refinanced with a Wells Fargo mortgage between August 30, 2011 and December 31, 2013, you may be entitled to a share of a class action suit against Wells Fargo. A very small share — like, $9.50 per claimant. The suit — formally...Read More
“Two Strikes and You’re Out” I just heard through the grapevine that a certain Twin Cities builder is now working with their third Realtor in four years (note: builders sometimes engage Realtors — occasionally on an exclusive basis — to rep their new homes). I’ve worked with both previous Realtors on past deals, and found...Read More
Knowing What You Don’t Know (But Enough to Ask an Expert) “You can pay me now, or you can pay me later.” –old Midas muffler commercial. You might guess that, as a former corporate attorney, I seldom call Edina Realty’s (excellent) legal department with questions. Wrong. And it’s hardly because me or my clients are somehow...Read More
Coming Soon? Maybe (and Define, “Soon”) The Twin Cities’ Southwest Light Rail line sure has traveled a bumpy path. And that’s just the discussion phase — never mind the actual route. The latest, uhh . . speed bump: Whether a stretch of the line in Minneapolis is to traverse Lake of the Isles and Cedar...Read More
Seller Disclosure Yellow Flags “Because of the extreme allergies of the seller’s daughter, PLEASE no food or drink in the home during showings.” –Agent Remarks, MLS When I showed the Golden Valley home with the disclosure above last year, my “Realtor antennae” immediately went off. That’s because I knew the Seller had been in the...Read More
