Man Bites Dog ” Real Estate Edition One of the odder anecdotes from a continuing ed class the other week was the hapless home seller who got sued not because their house was haunted ” but because it wasn’t. Apparently, the Seller had disclosed in their Minnesota Seller’s Disclosure that the home had experienced “paranormal activity.”...Read More
Meticulous Record Keeping = Meticulous Maintenance? One of the first questions on the standard Minnesota Seller Disclosure asks whether the owner is in possession of the previous owner’s Seller Disclosure, and if so, whether it’s attached. As a Buyer’s agent, I always like to see the previous Seller’s Disclosure, for two reasons: One. It provides a more...Read More
At Edina Realty’s corporate headquarters for a closing earlier this week, my clients and I couldn’t help notice that the hall lights kept going out. The explanation? The lights are tied to energy-saving motion detectors — as opposed to, say, faulty wiring or past-due electric bills. 🙂Read More
15306 Mason’s Pointe in Eden Prairie [Note: click here for a TV clip featuring the home on WCCO (CBS) morning news.] What: Over 6,500 square foot Robert Mason-built home with 162′ of shoreline on Red Rock Lake. Beautifully landscaped grounds on 1.37 acre. Where: 15306 Mason’s Pointe. Directions: from Highway 212, go south on Mitchell...Read More
“Nobody goes there anymore; it’s too crowded.” –Yogi Berra, about a (too) popular Miami Beach restaurant. Returning from a family event over the weekend in Philadelphia, it took me a while to name the city’s gritty, cosmopolitan vibe: “1980’s Upper West Side.” Meanwhile, the real Upper West Side (in Manhattan) increasingly feels like something conjured...Read More
Don’t Call it a “Traditional” Sale — It’s a “Long” Sale [Note: for the uninitiated, a “short sale” is when the homeowner’s mortgage(s) exceed the home’s fair market value — a condition referred to as being “underwater.” Depending on the specific housing market, short sales have receded from more than 50% of all sales five...Read More
