Quick Answer: “It Depends ” But Usually Less Than Buyers Think” “At the closing table, the Seller will walk away with a check ” and whether the money comes from the Buyer or the lender doesn’t matter.” —”Do Home Buyers Who Pay Cash Get a Discount?”; The Wall Street Journal. The answer to the question,...Read More
Wielding Veto Power Over Buyer’s Lender, Inspector [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.] “Whoever has the gold, make the rules.” –“Golden Rule” (at least, one version). “Whoever...Read More
Financing “Vote of Confidence” One of the best, early signs that the Buyer’s lender is on top of things — and a good omen for final underwriting approval generally — is when the lender orders the appraisal for the day after the Buyer’s inspection removal deadline. That’s in contrast to the usual timetable, in which the...Read More
Savvy Strategy for Getting Realtor Referrals Smart Realtors know that the most important people coming through weekend open houses aren’t necessarily checking out the house. Rather, they’re checking out them. Specifically, the open house visitors — often neighbors — want to see if the agent is doing a good job marketing the home, is knowledgeable, easy to talk...Read More
Stepped-Up Security Side Effects Sometimes, you just want to know if the lender has scheduled the appraisal. Unfortunately, in today’s environment of heightened online security, that can mean formally registering at the lender’s “portal”; waiting for a temporary password via text; then navigating an unfamiliar format to find the document(s) you’re looking for. Or, if...Read More
