How to Tell, Early On, if a Home is Likely to Appraise The listing agent (representing the Seller) is meeting the Appraiser — representing the Buyer’s mortgage lender — at the house (note: the listing agent should always meet the Appraiser at the house). What should they have with them, to provide to the Appraiser? A. Hard...Read More
Listing Agent to Buyers’ Agents: “The Seller is Looking at an Offer Tomorrow Night at 7 p.m.” [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.] When the listing agent tells interested parties...Read More
Having the TISH Done TOO Soon(?) Assuming the local municipality requires a Truth-in-Sale of Housing (“TISH”) inspection, the usual answer to the question, “When should prospective home sellers have the city inspection done?” is, “as soon as possible.” That gives the homeowner a head start addressing any required repairs, and allows them to combine the...Read More
MN Realtor License Renewal Deadline: June 30 I’m sure I’m not the only busy Twin Cities Realtor who, coming down to the (license renewal) wire, still needs a few continuing education credits. Fortunately, at least in this case, procrastination does pay: just for today, the Minneapolis Area Association of Realtors (“MAAR”) is offering a 40% discount...Read More
On the 2 Yard Line vs. The End Zone [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.] Test your knowledge of today’s housing market (and real estate law), and...Read More
Inspection Addendum: “Buyer Shall Cap Any Inspection Requests at $500” [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.] How do Buyers competing in multiple offers differentiate their offers? By offering...Read More
