“What Did the Seller Know, and When Did They Know It?” [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.] At least in Minnesota, Realtors have an independent duty to...Read More
“Earnest Money” vs. “Ernest Money” If your first name is Ernest and you were buying a house, I suppose the check you wrote to go with the Purchase Agreement could be called “Ernest money.” However, for everyone else, the proper term is “earnest money.” 🙂 Definition For those not familiar with earnest money, think of...Read More
Why Buyers Can Walk When the Home Doesn’t Appraise “Buyer agrees to pay in the following manner: 1) Cash of _____ percent (%) of the sale price, or more in Buyer’s sole discretion . . . “ –Excerpt, standard Minnesota Purchase Agreement (emphasis added). [Editor’s Note: The views expressed here are solely those of Ross Kaplan,...Read More
Point of Clarification: Cyclists vs. Bikers A Realtor plugging a new listing this morning as being “perfect for bikers” was asked to clarify whether they truly meant “bikers,” or “cyclists.” Bikers ride Harley Davidsons, can sport lots of facial hair, and — at least the hard-core types — may have a passing acquaintance with groups...Read More
Terrific Cul-de-Sac Location in a Hot Area for Major Remodels, New Construction What: Beautifully updated 5 Bedroom/3 Bath 2-story with just under 4,000 finished square feet. Where: 6001 Pinewood about 1 mile west of 494 and Highway 62 in Minnetonka. How much: $500,000. Who: listed by Ross Kaplan, Edina Realty – City Lakes. You’ll love this beautifully updated...Read More
Geologic . . . and Housing “Box Can′-Yon”: a small ravine or canyon with steep walls on three sides, allowing access and egress only through the mouth of the canyon. –Definition, Wikipedia As a (former) avid hiker, a box canyon to me was always the kind described above. However, as a current selling client —...Read More
