Realtor, Layman Definitions To home sellers, “As is” usually means that they’re not going to do any updating or staging to get ready for market. So, the dated carpet, scuffed hardwood floors, and out-of-fashion interior paint . . . are going to remain dated, scuffed, and out-of-fashion.All fine, by the way — as long as...Read More
Sellers Who Don’t Know the Condition of their Homes What’s the most important question on the Seller’s Disclosure? (in Minnesota, a 9 page, single-spaced document with perhaps over 100 of them) At least in my opinion, the one asking whether the owner has continuously lived in the home the last 12 months. That’s because the...Read More
Disclosing, But on a “Need to Know” Basis [Editor’s Note: thanks to Henry Brandis, Edina Realty Senior Vice President, for providing background on this post.] Currently under Minnesota law, home Sellers have no obligation to tell prospective Buyers that a suicide occurred on the premises (originally, there was no disclosure requirement; then there was; now...Read More
