Tag

material defect

How to Tell if a “For Sale” Home Has a Major Defect

Reading Between the (MLS) Lines [Note to Readers: 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.] Test your knowledge of today’s housing market, and answer the following question: How can Buyers’...
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What Home Sellers Waiving the Seller’s Disclosure Should Never Ask Their Realtor

TWO Duties to Disclose:  Owner’s . . . and the Agent’s [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.] At least in Minnesota, it’s permissible for Sellers to tell...
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Why Realtors Don’t Know How Much Exterior House Painting Costs

Issues That Do (and Don’t) Come Up on Inspection Want to know how much it costs to fix a cracked chimney cap? A veteran Realtor probably has at least a ballpark idea. Ditto for a new roof, boiler, electric service panel, or central a/c. However, it’s a good bet that the same agent doesn’t have...
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Handling Issues That Come Up on Inspection: Two Options

The Easy Way . . . and the Hard Way The Buyer’s inspection revealed a material defect in the home that the Seller doesn’t dispute. Both parties want to stay in the deal. What are their options? Option #1: the Seller fixes the problem, prior to closing. Here are the related steps: Buyer and Seller...
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True or False: Home Buyers Purchasing “As Is” Usually Skip the Inspection

“As Is” â‰… “Pass/Fail” [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.] It seems obvious: if the Seller isn’t going to correct anything — the definition of “As Is” —...
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How to Tell if a “For Sale” Home Has a Major Defect

Savvy Home Buyer Multiple Choice [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.] Test your knowledge of today’s housing market, and answer the following question: How can Buyers’ agents...
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