Tag

minneapolis condo

Including Floor Plans — or Not — on MLS Listings

I don’t know about other housing markets, but at least in the Twin Cities, it’s not customary to include floor plans in MLS listings. In fact, I’d estimate that fewer than 1% of all listings have them. The two exceptions I’m aware of: 1) new construction, especially upper bracket and condo’s; and 2) homes with...
Read More

Inspecting Condo’s

Life is Inspections are like a box of chocolates. You never know what you’re gonna get.” —Forest Gump (paraphrased). [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.] Why...
Read More

True or False: a Condo Whose Monthly Association Fee is $300 is a Better Deal Than an Identical Condo Whose Fee is $500

Getting (and Wanting) What You Pay For You’d certainly think that $300 a month for Association dues is a better deal than $500, assuming two near-identical units. But, the truth is, the higher fee could be a (much) better value. How so? If it covers a long list of services and building amenities that the...
Read More

How Quiet Is That Condo Really?

Better Than Blueprints: The “Jumping-Up-and-Down” Test One of the issues that can come up for downsizers moving from a single-family home to multi-family housing (condo or townhome) is privacy ” specifically, noise. I don’t know about townhomes (see below), but I do know a surefire, albeit not-so-scientific way to test how quiet a given condo...
Read More

So, Who Pays For That Post-Closing Special Assessment — the Buyer or Seller?

Home Sale “Bones of Contention”** — and How to Avoid Them Sellers don’t want to pay special assessments that are payable after closing . . . because they’re not going to be the owner then. It makes sense for the Buyer to pay it, they reason, because it’s the Buyer who’s going to enjoy the...
Read More

Why Upper Floor Condo’s Can Be a Better Deal, Fee-Wise, Than Lower Floor Ones

The Condo Association Fee Stealth Subsidy Question:  When does a $300,000 condo on the 2nd floor with a view of a parking lot pay the same monthly association fee as a $600,000 top-floor unit with skyline views? Answer:  when both units are the same size, and the condo association fees are determined by square feet....
Read More
1 2

Archives