Tag

residential real estate

Easements and Home Sales

What Does the Seller Have to Disclose? It comes up rarely enough that even a former attorney (I am) needs a little back stopping from Edina Realty’s legal department. The question:  what kind of easements do home sellers have to disclose to prospective buyers? That is, assuming they’re aware of them. As far as home transactions...
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Off-the-Rack Suits — and Real Estate Contracts

Looking for a Size 47 1/2 How is drafting a real estate contract — or almost any contract, for that matter — like picking a men’s suit? In both cases, the usual starting point is to select the closest-fitting, existing garment — er, legal boilerplate — you can find. Step #2:  altering (“customizing”) it to fit...
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Why Realtors Don’t Give Volume Discounts

Cheaper by the Dozen?  Nope If you buy four tires, you usually get a better deal than if you buy one. Ditto for volume purchases of airline tickets, car washes, bagels — you name it. So, why don’t Realtors give “repeat customer” discounts? Because there are no economies of scale in residential real estate. No...
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The "Non-Conforming" Catch-All

Missing by a Little — Or a Lot? What does a “non-conforming bedroom” look like? When it comes to real estate listings, it could mean a lot of things. At one extreme, a Realtor might list a bedroom as “non-conforming” because the egress window is smaller than allowed by code, or there’s no closet. At...
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