A Diagram is Worth 1,000 Words: “Stale < ???? > Fresh””

Your Adjective Here: “Sort-of-Stale?,” “Pre-Tired?,” “Slightly Dated?” A picture is famously worth 1,000 words. But, so is the right diagram. The one above (“Stale < ??? > Fresh”) perfectly captures my reaction to the two-story, 6,500 square foot home that I just previewed in Edina’s ritzy Parkwood Knolls neighborhood. Listed for $1.85 million, it features...
Read More

Bye, Bye, Home Seller Warranties — or, No More “Gotcha’s”

Seller Disclosure Looms Larger The big 2012-2013 change in Minnesota contracts to buy or sell residential real estate — effective Oct. 1 — is the omission of a clause whereby Sellers formerly warranted that the home’s mechanical systems would be in working order as of the date of closing. The primary reason? The language effectively served as...
Read More