But, Prospective Buyers Have to Be Told So, how does a Seller avoid spending thousands on replacing old, damaged, or simply ugly window treatments? If the home is vacant**, by removing them. Step #2: on the Minnesota Seller Disclosure, checking the “NA” box where the form asks if the home includes window treatments, and if...Read More
Housing Deal Deadlines & Other Key Terms No, I don’t recall ever handling a real estate deal where the Buyer or Seller omitted to fill in the purchase price or the closing date. But, I have handled multiple deals where the other side left blank something almost as significant. The three biggest — and most...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
Sticker Shock (& Disclosure Question) [Editor’s Note: 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.] At least some Minneapolis homeowners are suffering sticker shock in the wake of receiving notices from...Read More
If you want the scoop on a busted deal, a good starting point is the listing agent (representing the Seller). However, if you want the real scoop . . . talk to the former Buyer’s agent. That is, assuming you can find them — and if they’ll talk. MLS Status Once there’s a signed Purchase Agreement,...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
