[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.] Heads up, 2020 Minnesota home buyers! Anyone who purchased an owner-occupied property in Minnesota in 2020 ” and occupied the...Read More
[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.] Heads up, 2019 Minnesota home buyers! Anyone who purchased an owner-occupied property in Minnesota in 2019 — and occupied the property...Read More
Why the Homestead Exemption Matters “If the Property Tax status is part- or non-homestead classification in the year of closing, Seller __ Shall __ Shall Not pay the difference between the homestead and non-homestead.” –lines 78. – 79.; 2015 MAAR-approved Purchase Agreement At least for more expensive Minnesota homes, the rule on non-homestead taxes is blissfully simple:...Read More
Short Sales: Hurdles and Consequences Short sales continue to be a huge factor in the Twin Cities housing market. How do I know? I’ve been showing a new client who’s a first-time Buyer properties within 5 miles of South St. Paul the last few weeks, literally from Maplewood to Cottage Grove. Out of perhaps 100...Read More
Phew! And That’s Just to Take a Look . . . With a “traditional sale” (no bank involved), here’s how Realtors set up a showing: You call the listing agent’s front desk, request the showing, and wait for a confirmation with showing instructions, i.e., lockbox code, alarm location (if any), etc. (Realtors can now submit...Read More
By Popular Demand? The first item in today’s online newsletter from the Minnesota Association of Realtors is a YouTube video titled, “Filing an Ethics Complaint.” Quick Summary: it’s easier than you think. Two educated guesses: 1) there are a lot of seething Realtors (and non-Realtors) out there at the moment; 2) the vast majority are...Read More
