Runner-Up Name: “The Parking Lot Closing” [Note to Readers: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway (“Berkshire”), or any other entity referenced. Edina Realty is a subsidiary of Berkshire.] To limit the risk of coronavirus exposure, Edina Realty — and no doubt other brokers...Read More
In-bounds or Out? Test your real estate (and social) IQ, and see if you know which subjects are in-bounds ” and out-of-bounds ” for home Buyers and Sellers to discuss at closing: A. The home’s selling price. B. Any walk-thru inspection issues. C. The Buyer’s plans to remodel ” or raze(!) ” the home post-closing. D....Read More
Test your real estate (and social) IQ, and see if you know which subjects are in-bounds — and out-of-bounds — for home Buyers and Sellers to discuss at closing: A. The home’s selling price. B. Any walk-thru inspection issues. C. The Buyer’s plans to remodel — or raze(!) — the home post-closing. D. Who the Seller uses...Read More
Just One Surprise My choice of parking spot (above) indicates how confident I was that my client’s closing (in Minnetonka earlier this week) would go smoothly. In fact, the actual closing took less than 15 minutes (vs. the usual hour or so). That’s possible when it’s a cash deal, and the Seller (my client) had...Read More
Location of Closing I paid for that mike! –Ronald Reagan, 1984 Presidential debate You’d think that the home seller — who’s invariably footing most of the closing bill, starting with the Realtors’ commissions — would get to choose where to hold the closing. But by convention, it’s the Buyer’s call. Why’s that? I’d guess it’s...Read More
It’s not exactly like the home team batting second in baseball, but there is something analogous to “home field advantage” in residential real estate. Namely, by convention, the Buyer gets to choose the location of closing (typically, at the office of the title company they’re using). That fact was . . . uhhh, driven home...Read More
