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Minneapolis home buyer

Housing Market’s Waiting List: “The Backup Offer”

As expectant high school seniors (and their anxious parents) know all too well this time of year, colleges have waiting lists. But so, too, does residential real estate. They’re called “backup offers.” First in Line Such offers are increasingly popular in a screaming Seller’s market, for several reasons. For Sellers, a backup offer ensures that...
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The Case for the 1.25 Bath — or the 1.375(!) Bath

What’s More Than a Full Bath? By convention, Realtors call a Bathroom with a sink, toilet, bathtub and shower a “full” Bath. Because each of those items counts as .25, a Bathroom missing one or more of them is considered a fractional Bath. So, a Bathroom with a sink, toilet, and shower (but no tub)...
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Remind Buyer to Do Their Walk-Thru Inspection? Depends on Who You’re Representing

Dual Agency Dilemma #14 [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.] Never having represented both the Buyer and Seller in the same transaction (I consider it a...
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Multiple Offers: When Can the Winner Finally Exhale?

“Signed (Electronically); Sealed; & (Constructively) Delivered” [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.] “Final acceptance” sounds like something that happens in a hospice, or perhaps what Woody...
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Painters, Electricians & Realtors: What Makes Real Estate Sales Such a Deceptively Challenging Field

Behind-the-Scenes Tasks The reason dolphins have a reputation for saving drowning swimmers is that you never hear from all the ones they push out to sea.” –Anonymous. Electricians’ work product is literally hidden behind the wall. So, how do you know if an electrician is any good? (barring a house fire or molten-hot service panel...
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Asterisk Clauses Make a Comeback

“After You” . . . “No, After You” . . . “No, After You” [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.] Combine record-tight inventory in many Twin...
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