Exactly What Part is “Partial?” I certainly know what a “partial basement” is. At least in the Twin Cities, that often goes with a pre-1900 structure, and is commonly made of limestone. On the other hand, I have no idea what a “partial bathroom” is (and certainly wouldn’t want to use one!). That was the term...Read More
Best Advice to Home Sellers: “Tell What You Know” Homeowners can be forgiven for not knowing the difference between a special assessment that’s “pending,” vs. one’s that “levied” ” as opposed to one that is assessed and currently payable. Realtors have trouble keeping those terms straight as well. The best advice to give prospective home...Read More
Conspicuously Missing Term: Asking Price One of the more confusing contracts in residential real estate is what’s called a “One Time Showing Contract.” As you might guess, unlike a Listing Contract, which allows the Realtor to market a home to the world, a One Time Showing Contract contemplates a deal with exactly one prospective Buyer. Key Terms In...Read More
Getting “Rebound” Listings Ready for Market Contrary to popular perception, not everything in a Seller’s market sells right away — or at all. When that’s the case, it’s common for the owner to either take their home off the market, or, if they’ve already moved out, to rent it (most popular lease term: one year)....Read More
Forget a New New Deal; We Need a New GI Bill Bernie Sanders may be calling for a “revolution” (“Revolution?”), but there’s nothing radical about free (or at least affordable) public college education. That was effectively the norm in this country for over half a century, spanning from after World War II until just the last...Read More
Edina Realty “Leadership Circle” . . . x 7! It’s a given that lots of things you do in residential real estate go unnoticed, let alone appreciated. Which is why it’s nice to be recognized by the company ” and Office Manager ” you work for/with. In that vein . . . I just received my seventh...Read More
