Tag

MLS status

“Sold?” No, “Spoken For” (or if you prefer, “Under Contract”)

When “Sold” Doesn’t Mean “Sold” At least in Minnesota, when you see a “Sold” rider above a “For Sale” sign in front of a house, it doesn’t mean “Sold” — it means “Pending.” Huh?? The (admittedly confusing) convention is to pronounce a home that’s under contract and past Inspection — but not yet closed —...
Read More

How to Get the REAL Scoop on a Busted Home Sale

[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.] If you want the scoop on a busted deal, a good starting point is the listing agent (representing the Seller)....
Read More

How to Tell if a “For Sale” Home Has a Major Defect

Reading Between the (MLS) Lines [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.] Test your knowledge of today’s housing market, and answer the following question: How can Buyers’...
Read More

“Done Deal!!” (Or, Is It??). How Home Buyers Know For Sure the Seller Accepted Their Offer

On the 2 Yard Line vs. The End Zone [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.] Anxious Buyers competing for a home in multiple offers today understandably...
Read More

“Sold?” No, “Spoken For” (or if you prefer, “Under Contract”)

When “Sold” Doesn’t Mean “Sold” At least in Minnesota, when you see a “Sold” rider above a “For Sale” sign in front of a house, it doesn’t mean “Sold” ” it means “Pending.” Huh?? The (admittedly confusing) convention is to pronounce a home that’s under contract and past Inspection ” but not yet closed ”...
Read More

Spiking the Ball . . . on the 2 Yard Line

When Doesn’t “Sold” Mean “Sold?” When it comes to residential real estate, when does “Sold” not mean “Sold?” When it means “Pending” (as in, when there’s a big, bold “Sold” sign in front of a “For Sale” home). Huh?!? At least in Minnesota, once the Buyer’s Inspection has been removed,** the convention is to switch...
Read More
1 2 3 6

Archives