Tag

rental home

Cash Buyers, Sight Unseen

When the Inspection is Really the First Showing If it hadn’t just happened to my own client, I would have thought it was something straight out of Florida or Southern California, circa 2005 — not Minnesota in 2013. Namely, without so much as viewing my client’s home, an apparently “big bucks,” out-of-state corporate Buyer showed...
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High Mpls. Property Taxes Set in Motion Negative Feedback Loop

Virtuous — and Vicious — Cycles What happens when a for-sale home saddled with sky-high property taxes doesn’t sell?  Frequently, the owner opts to rent it out instead. Fast forward 2-3 years, when the surrounding block and similar ones are not-so-suddenly studded with rentals. Prospective home Buyers who want to be surrounded by other homeowners balk —...
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