Tag

Seller liability

Springing a Leak ” or a Lake(?!?) ” Before Closing

Winter 2019 One-Two Punch: Record Snow Followed by Thaw, Heavy Rains [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.] In the wake of this week’s soaking rain and relatively...
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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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What Should Nearby Home Sellers Say (If Anything) About Southwest Light Rail?

Coming Soon?  Maybe (and Define, “Soon”) The Twin Cities’ Southwest Light Rail line sure has traveled a bumpy path. And that’s just the discussion phase — never mind the actual route. The latest, uhh . . speed bump: Whether a stretch of the line in Minneapolis is to traverse Lake of the Isles and Cedar...
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Buyer’s Agents and Inspections

The Virtue of Being There I know that some Buyer’s agents stay away from home inspections because of “liability concerns.” However, as a former attorney, I’ve never understood that. The representations about the home’s condition are the Seller’s. If their disclosure omits a material fact that they knew or should have known about, their Buyer...
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