“Quality vs. Quantity” Trade-Off Which side of that question you come down on ” plus your own pre-Labor Day plans ” likely govern whether you list your home before or after Labor Day weekend (or, advise your client to). In a nutshell, here’s the two-part “for” case: 1) with less housing market activity generally, new...Read More
Bonus Question: Who SHOULD Pay the State Deed Tax? Like most (all?) veteran Minnesota Realtors, I assumed that home sellers paid the state deed tax at closing — .34% of the sales price**, at least in Hennepin County — because that’s what state law prescribed. Unh-unh. Apparently, that’s merely a custom, albeit a universally observed...Read More
DIY Home Buyers & Sellers The vast majority of Minnesota home Buyers and Sellers elect to settle any post-closing disputes thru arbitration rather than litigation. The explanation? It’s considered faster and cheaper. The occasional exception: Buyers who are lawyers, are related to lawyers, or otherwise think they can procure the required legal services at a...Read More
“Opt-Out” Option for Home Sellers [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.] “Seller understands the prospective buyers and others authorized to access the Property may record the Property...Read More
“Quality vs. Quantity” Trade-Off Which side of that question you come down on — plus your own pre-Labor Day plans — likely govern whether you list your home before or after Labor Day weekend (or, advise your client to). In a nutshell, here’s the two-part “for” case: 1) with less housing market activity generally, new listings will...Read More
“It Takes Two to Tango Agree to Arbitration” Judging by the last few deals I’ve handled, there seems to be some Realtor confusion about how many parties are required to agree to Arbitration (at least in Minnesota, a popular alternative to litigation). The correct answer: two. In other words, both Buyer and Seller have to...Read More
