Conspicuously Missing Term:  Asking Price One of the more confusing contracts in residential real estate is what’s called a “One Time Showing Contract.” As you might guess, unlike a Listing Contract, which allows the Realtor to market a home to the world, a One Time Showing Contract contemplates a deal with exactly one prospective Buyer. Key Terms In...Read More

That’s actually a pretty good question — posed by a newer agent at recent Edina Realty – City Lakes office meeting. A signed MLS “Seller Withhold,” of course, is what most veteran listing agents procure at the same time the owner officially hires them to sell their home. That allows the agent the time they...Read More

Three Questions to Ask One of the last hurdles for would-be Sellers and their agents to surmount before signing a listing contract often is how to handle prospects who’ve already expressed interest in the home. Sometimes, what appears to be very serious interest. The conversation usually goes something like this: Homeowner:  “My neighbor’s daughter/son-in-law’s best...Read More