“Signed (Electronically); Sealed; & (Constructively) Delivered” [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.] “Final acceptance” sounds like something that happens in a hospice, or perhaps what Woody...Read More
On What?!? So, what do Realtors mean when they say — with not a little frustration — “let’s get it on?” Here’s a hint: the more accurate line is, “let’s get it on already!,” and the person the (listing) agent is talking to is their client and would-be home seller. If that’s not obvious enough,...Read More
English, Please! “LL/BR is non-conforming. Lkbx on Bk dr. Frnt prch/crftsmn wdwrk/tiled bath/gleaming Maple flrs/HVAC-elect ’11, oven ’14/lrg walkin closet/maint-free ext./prof lndscpng/gorgeous 3 seas porch! Wkshp in gar.” –Excerpt from actual MLS listing. With only 500 characters and spaces in MLS’s Agent and Public remarks fields, there can be a temptation for overzealous listing agents (representing Sellers)...Read More
Difference Without a Distinction? The most recent MLS tweak is a change to how market time is reported. Previously, the acronym was “CDOM,” for Cumulative Days on Market; it reflected how long a given property was on the market since listing. Shouldn’t That Be “DOMP??” MLS still shows “CDOM,” but now it also displays something...Read More
Deciphering Realtor-Speak To non-Realtors, “immaculate” suggests an updated home in mint condition. In real estate sales, however, “immaculate” simply means that the home is exceptionally clean and everything is in working order. So, the mechanical’s may all be functional, but they’re ancient; the Kitchen and Bath’s date to the 1950’s (or earlier); there’s no Master...Read More
The Psychology of a Spurned Offer Sometimes, financial considerations prevent home owners from selling. If they owe more than their home is worth, they must either be able to write a check for the shortfall at closing, or, persuade their lender(s) to reduce the mortgage balance. However, such “underwater” home owners only account for a...Read More
