For the (real estate) uninitiated, the MLS status “TNAS” stands for “Temporarily Not Available for Showing.” That can be the case when a home is already under contract, and being inspected by the Buyer; someone is home sick; or, the Seller simply doesn’t want intrusions over the holidays. But, what do listing agents disclose when the...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
Bracing for “Super Bowl Stupor” in the Twin Cities Especially if the Minnesota Vikings are in the Super Bowl — held in Minneapolis February 4 — it’s practically guaranteed that little else will happen here the week or so before (and if they should win, the week after! 🙂 ). Which begs the question: should...Read More
Hurry Up & Wait, or, Maneuvering for Multiples? A hot, new listing that met all your client’s criteria — location, price, home style & size — just came on the market. You and your client hustled to see the house, then — after reviewing the Comp’s and touching base with the Buyer’s lender — immediately went...Read More
On the 2 Yard Line vs. The End Zone [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.] Test your knowledge of today’s housing market (and real estate law), and...Read More
Chances of Selling: “Possibly” vs. “0%, 100% Guaranteed” “In the land of the blind, the one-eyed man is King.” –proverb The real estate corollary to the proverb above? “During a time of year when inventory of good homes is depleted, and lots of “For Sale” homes are temporarily off the market (“TNAS,” or Temporarily Not...Read More
