Make That, “Good for Whom?” Thanks to MLS protocol, home sellers typically have to “OK” overlapping showing requests — that is, when one or more Buyers want to see the home simultaneously (by convention, at least in Minnesota, showings are for one hour). Should the Seller give their permission? Absolutely! As I tell my selling...Read More
“By popular request, the new NorthstarMLS default setting for ShowingTime overlapping appointments is to continue to allow them, but no longer reveal the appointment blocks/overlaps to the showing agent that other agents have scheduled.” –Notice to Twin Cities Realtors, NorthStar MLS (August 7, 2018). [Editor’s Note: The views expressed here are solely those of Ross Kaplan, and...Read More
Post-Inspection, But Pre-Walk Thru [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.] There are plenty of instances, especially in the later stages of a deal, when the Buyer legitimately...Read More
“TNAS” vs. “Active, Subject to Inspection” “Seller Shall/Shall Not have the right to continue to offer the Property for sale until this Inspection Contingency is removed” (check one). –Standard Minnesota Purchase Agreement, lines 192. – 193. [Editor’s Note: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire...Read More
Four Logistical Hurdles Of course, the prospective Buyer still has to like the house enough to want to make an offer. But, over very long holiday weekends — like this year’s July 4th-on-a-Tuesday — there are a couple extra hurdles as well. Specifically, these four: One. Can you get in? If the house is vacant,...Read More
Answer: ‘Off the Market, But Very Much ‘For Sale'” In a post a few weeks ago, I talked about the counter-intuitive phenomenon (at least to me) of unrealistic Sellers in a Seller’s market (especially in a Seller’s market?). The condition is known to real estate pros as “on the market . . but not “For Sale.‘”...Read More
