How to Decipher the Condition of a Foreclosure (at Least in St. Louis Park) Without Actually Going Inside “Sold As Is. Great rambler in the most desired SLP location, minutes to Uptown, Southdale, shopping, etc. Needs work. Highest and best due by Friday October 11th at noon. As Is Addendum required. See supps, escrow required by...Read More
And Then There Were 8 (Required City “Point-of-Sale” Inspections) “After seeing all the various inconsistencies and loopholes over the years, I’ve come to the conclusion that the costs of municipal homes inspections don’t justify their benefits.” –Ross Kaplan, “Are Municipal Inspections a Waste of Time?”; City Lakes Real Estate Blog (1/16/2010) One city doesn’t make...Read More
City Inspections vs. Buyer Home Inspections “Needs extensive rehab or possible teardown. Not a bank-owned home. Very fast response to offers. Minimal T-I-H required repairs.” –MLS listing How can something be a possible tear-down, and yet have “minimal Truth-in-Housing (TIH) required repairs?” Isn’t that an oxymoron? Nope. As I tell my Buyer clients, the scope...Read More
