Tag

seller disclosure

Home Buyer’s Final Walk-Through Inspection

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...
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“You Mean the House ISN’T Haunted?!? I’m Suing!”

Man Bites Dog ” Real Estate Edition One of the odder anecdotes from a continuing ed class the other week was the hapless home seller who got sued not because their house was haunted ” but because it wasn’t. Apparently, the Seller had disclosed in their Minnesota Seller’s Disclosure that the home had experienced “paranormal activity.”...
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The Opposite of NIMBY: “Why CAN’T I Put it in My Backyard?!?”

Discounting(?) for a Conservation Easement NimbÄ“ noun:  “a person who objects to the siting of something perceived as unpleasant or potentially dangerous in their own neighborhood, such as a landfill or hazardous waste facility, especially while raising no such objections to similar developments elsewhere.” –definition, “Not in My Backyard.” In contrast to the traditional definition of...
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True or False: Realtors Can Prevent Homeowners From Committing Fraud on Their Seller’s Disclosure

“What Did the Seller Know, and When Did They Know It?” [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 in Minnesota, Realtors have an independent duty to...
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Springing a Leak — or Lake(?!?) — Before Closing

Home Seller, Buyer Options In the wake (literally) of record-setting rainfall locally last month, it’s a good bet that thousands of formerly dry Twin Cities basements — and previously well-functioning roofs — sprang a leak (or two).  See, “Seattle East.” Statistically, it’s further likely that at least a couple hundred of those homes are under...
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Wet Basements: Who’s Responsible?

High Winds, +2″ Rain in Twin Cities Last Night A LOT of recent Twin Cities home buyers will be asking whether their Seller is liable for their suddenly wet basement in the wake of last night’s deluge (as much as 3″ of water in some the west ‘burbs). Many basements that never had water, now do;...
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