See if you can guess which of the following contractual terms reportedly clinched the sale for the winning bidder in a recent Twin Cities multiple offer battle: A. Purchase price was $10k higher. B. Closing date was flexible. C. They waived the Buyer’s home inspection. D. They assumed a $600 pending city assessment. Correct answer:...Read More
[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.] If you want the scoop on a busted deal, a good starting point is the listing agent (representing the Seller)....Read More
Going From a Royal Carriage Back to a Pumpkin [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.] Any Realtor who’s represented a Seller in multiple offers knows the...Read More
How do you spell “ice dam?” I know more than a few local homeowners filling out their Seller Disclosure now — or maybe just bad spellers — who are tempted to add an “n.” And if you had one this past Winter, you’d better disclose it. Either that, or hope that: a) the Buyer’s inspector...Read More
Five-Step Checklist One of the last steps before closing — in fact, sometimes done on the way to closing* — is the Buyer’s walk-thru. To my mind, at least, the Buyer’s walk-thru has these five goals: One. Determine that there’s been no change in the home’s condition since the Inspection Contingency was removed. What can...Read More
Telltale Symptom: Wavy or Uneven Floors How do prospective home Buyers (and their agents) know that a home has pronounced settling without setting foot in the home? (note: foundation settling is usually benign ” up to a point ” and typically results in wavy or uneven floors). A. The settling shows up in the (online)...Read More
