See if you can guess which of the following contractual terms reportedly clinched the sale for the winning bidder in a recent Twin Cities multiple offer battle: A. Purchase price was $10k higher. B. Closing date was flexible. C. They waived the Buyer’s home inspection. D. They assumed a $600 pending city assessment. Correct answer:...Read More
Multiple Offers, Momentum Shifts, etc. Unbeknownst to laymen, there is a predictable ebb and flow in the course of each housing transaction, whereupon each side is most (and least) vulnerable to the other. For a Buyer, the point of maximum vulnerability comes early: that would be after they have verbally come to terms to buy...Read More
Guilt by Association? Not Necessarily As a listing agent trying to make sure their client’s home appraises, I know the concern: if the Comp’s you provide to the Appraiser are all less valuable than your client’s home (known as the “subject property”), they’ll drag its price down, too. Not necessarily. Step #1 is to realize that...Read More
