[Note to Readers: 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.] The most important date in a residential real estate deal? Easy: closing. So, what’s the second most important date? At...Read More

The most important date in a residential real estate deal? Easy ” closing. So, what’s the second most important date? At least in Minnesota, the date that the Buyer’s Written Statement is due.  See, “You Mean There’s No Deal, AND the Buyer Gets Their Earnest Money Back?!?” Significance Up until that date, all the home Seller...Read More

Question #2:  How Realistic Is It That They Will? Normally, Minnesota home Buyers and Sellers decide when they negotiate the Purchase Agreement whether they will handle any post-closing disputes through arbitration or litigation. If the parties are amenable to arbitration, they both sign an Arbitration Addendum (their agents, too). Alternatively, if only one party — or neither...Read More