Reassuring Condo Buyers Normally, someone who purchases a condo or townhome has to wait until they’ve signed a Purchase Agreement to find out how financially strong (or not) the building or development is. See, “Ten Day Review Period . . . 2 Weeks Too Late.” Then, they have ten days to review the related materials...Read More
“Cooperative and Rude?” (Not Mutually Exclusive) In general, I’ve found that real estate has a lot less jargon and technical terms of art than law. A notable exception? The word (term?), “cooperate.” To the average person, it means working with someone to accomplish a common task or goal — usually in a positive, agreeable manner....Read More
Can You Say, “Legal Mess?” Buyer is aware that property may be currently occupied & financing must be cash only. Seller may not be able to convey possession at the time of closing. Eviction proceedings may have begun. –Excerpt, MLS There’s one too many “may” and “maybe’s” in the foregoing MLS excerpt for my clients....Read More
Omitting Seller-Paid Points Want to know why many real estate Web sites — never good at estimating home prices — are off by at least another 3% now? Because Seller-paid points are a fixture of many house deals these days, yet the government data that many real estate sites rely on don’t report that. Instead, Hennepin County and...Read More
“Only Their Hairdressers Realtors Know For Sure”* When you see the “For Sale” sign disappear in front of a home, the presumption — amongst Realtors and non-Realtors alike — is that the house closed, and that the sales price is now a matter of public record. Which prompts non-Realtors to ask Realtors what it sold for....Read More
