Failing to Get a Signed Buyer Rep(resentation) Agreement What do parachuting and Buyer Rep contracts have in common? I learned from my one time parachuting, over 30(!) years ago (I knew the experience would prove to be useful in later life), that parachute fatalities actually fall into two groups. Unceremoniously referred to as “bouncing,” the...Read More
What Can Ruffle a Veteran Realtor Just Before Closing Thankfully, the list of things that can rattle a seasoned agent (OK, me) just before closing is mercifully short. Assuming the Buyer can perform financially, and any final walk-thru inspection issues have been addressed . . . there’s not much left. Don’t Panic . . . Yet...Read More
“Check,” “Check,” “Check” . . . $%!&#! Scarcely 24 hours after pre-list networking my upcoming Plymouth listing (on Edina Realty’s proprietary “Network One”), I got a “hit” from a Buyer’s agent. Scanning the form summarizing the Buyer’s criteria, I quickly saw why: their preferred area, price range, home size and style all closely matched my client’s home. So...Read More
Client to Agent: “What Would You Do?” “You break it, you own it.” –The Pottery Barn Rule “You make it, you own it” (translation: if you make a decision for a client . . . you are responsible for the consequences). –Real estate corollary, Ross Kaplan Whether it’s in the context of choosing a home, negotiating a deal,...Read More
Realtor Humor (I think) Under the category, “you know you’re spending too much time at work — Realtor version”: when a colleague mentions a new program called “The Bachelorette,” and you immediately think she’s referring to a loan program (if you didn’t know, there are hundreds of these, covering everyone from first-time buyers to veterans...Read More
30-Year Mortgages Below 4% for 1st Time Since Election According to Edina Mortgage’s Steve Mohabir, long-term interest rates for well-qualified Buyers are once again below 4%. So much for the fear of skyrocketing rates derailing the housing market any time soon (the bond market has also rallied as interest rates have dropped — repeat, dropped — the...Read More
