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real estate contract

How Long Should a Listing Contract Be?

Realtors’ Investment: Skill, Time, & Marketing $$$ How long should a listing contract be? The short answer: “long enough to sell the property being listed.” How long that is ” assuming that the home is well-priced, staged, and marketed ” is typically a function of price. Under $250k in the Twin Cities today, you’d estimate...
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Why Buyers Can Walk When the Home Doesn’t Appraise (at least in Minnesota)

“In Buyer’s Sole Discretion” Seller has agreed to sell the Property to Buyer for the sum of ($____________ ), which Buyer agrees to pay in the following manner:  1)  _____ percent (%) of the sale price in CASH, or more in Buyer’s sole discretion, including earnest money . . . ” —Lines 38. – 41., standard Minnesota Purchase...
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Written vs. Verbal Counter-Offers

Negotiate Formally or Informally?  It Depends [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.] OK, so “Written vs. Verbal Counter-Offers” isn’t a very sexy title. But it’s a fascinating...
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Negotiate Formally or Informally?  It Depends

Written vs. Verbal Counter-Offers [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.] OK, so “Written vs. Verbal Counter-Offers” isn’t a very sexy title. But it’s a fascinating subject....
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“One-Time Showing Contract” Confusion

Conspicuously Missing Term: Asking Price [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 more confusing contracts in residential real estate is what’s called a “One-Time Showing...
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How Long Should a Listing Contract Be?

Realtors’ Investment: Skill, Time, & Marketing $$$ How long should a listing contract be? The short answer: “long enough to sell the property being listed.” How long that is ” assuming that the home is well-priced, staged, and marketed ” is typically a function of price. Under $250k in the Twin Cities today, you’d estimate 20-40...
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