The Corollary to, “No One Washes a Rental Car” What’s the significance of the disclosure — required in Minnesota — that the Buyer is a licensed real estate agent? In my experience, two things: One. The Buyer is more sophisticated (or should be), and therefore, at least in theory, the deal can progress more quickly and...Read More
Record Twin Cities Cold Snap Coincides With Baseball All-Star Game Unfortunately, “Cold in July” isn’t just the name of an obscure new movie. Depending on your definition of cold — mine is needing a sweater in the Summer — the last few days in the Twin Cities definitely qualify (overnight lows have been in the 50’s.)...Read More
Herding Cats (er, Realtors) Amongst the dozens of thankless tasks assigned to Office Administrators (“OA’s”) — the folks in charge of the day-to-day affairs at the big brokers’ real estate offices (think, Edina Realty and Coldwell Banker Burnet) — is making sure that all the Realtors timely complete and turn in their continuing education requirements....Read More
Test your knowledge of local Twin Cities construction projects, and answer the following multiple choice question: What is going on at the northeast corner of Highway 7 and Louisiana Blvd. in St. Louis Park? A. Minnesota’s first site for hydraulic fracturing (also known as “fracking”); B. Prep work for the new Southwest light rail corridor;...Read More
Why Cash Reserves Can Be Misleading At least in Minnesota, anyone buying a property in a Common Interest Community (“CIC”) — typically, a condo or townhome — has 10 days after completing the Purchase Agreement to review the related Association documents. What should Buyers be on the lookout for? Not the Association’s pet policy —...Read More
Dilemma: To Get on the Plane Home — Or Not While the East Coast is dealing with blizzard conditions, the Twin Cities is bracing for the coldest temps since . . . I literally can’t remember. The worst of the cold — forecast for Sunday-Monday — calls for a high temperature of -17 degrees during...Read More
