Deal Insurance for Home Sellers, or, “The Art of the Backup Offer” [Editor’s Note: one of the perks — and pleasures — of working for a Berkshire Hathaway affiliate like Edina Realty is having office privileges in hundreds of locations around the U.S. Like in Scottsdale, AZ, where I recently visited. The post below was...Read More
Means to an End (“Eyes on the Prize”) [Editor’s Note: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway (“Berkshire”), or any other entity referenced. If you need legal advice, please consult an attorney.] What do you suppose is the best way for a home Buyer...Read More
Real Estate Terminology 101 “Final acceptance” sounds like something that happens in a hospice, or perhaps what Woody Allen has been seeking in therapy all these years. Fortunately, the real estate version is not so macabre: it’s just a fancy way of saying, “Done Deal!” “Signed, Sealed, & (Constructively) Delivered” Specifically, “Final Acceptance” refers to...Read More
Tying Up Loose Ends & Open Offers Admittedly, there’s usually not much doubt. But if you want absolute, “case-closed” proof that a Buyer’s offer qualifies as a lowball, here it is: when the Seller rebuffs it*, they never even bother to withdraw it. Either the offered price is so preposterously low they know the Seller will never...Read More
Whole > Sum of Parts [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.] One of the (many) fringe benefits of working at the best office (City Lakes), at the...Read More
The “I Decline to Initial” Buyer’s Initial Form: “Agency Relationships in Real Estate Transactions” Date signed by Buyer: June 22, 2017 Form: Purchase Agreement Date signed by Buyer: June 22, 2017 What’s wrong with this picture? It runs afoul of Minnesota Department of Commerce guidelines, which provide that prospective Buyers’ agents are supposed to discuss...Read More
