“MLS Show & Sell Tell”: When a Calendar Isn’t Just a Calendar [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.] “Tell” /tel/ Noun: (especially in poker) an unconscious action that is thought to betray an attempted deception. –Dictionary...Read More
On What?!? So, what do Realtors mean when they say — with not a little frustration — “let’s get it on?” Here’s a hint: the more accurate line is, “let’s get it on already!,” and the person the (listing) agent is talking to is their client and would-be home seller. If that’s not obvious enough,...Read More
Subjective Tolerance Levels First, the good news: assuming the house is a couple of decades old, the settling is very likely historic. So, for a home that was built in say, 1925, the settling likely occurred (and stopped) by 1928. The bad news? It’s (very) hard to correct. It’s possible to use floor jacks —...Read More
“The More Things Change” Department Once upon a time, when I started selling real estate in 2002, the worksheet that Buyers and Sellers signed at closing was simply known as . . . the settlement statement (or just the closing worksheet, to avoid any jargon). Then it became the “HUD-1” (HUD stands for “Housing and Urban Development,” the federal...Read More
Brooks: Buyers Face Four Challenges (“Emotional, Psychological, Cognitive, & Moral”) Leave it to an intellectual to over think buying a home. In a nutshell, that’s my reaction to New York Times columnist David Brooks’ piece, “The Home Buying Decision.” Customized Criteria Which isn’t to say Mr. Brooks’ column — destined to be emailed to Realtors...Read More
MLS: “An Offer Has Been Accepted Contingent Upon: Sale of Another Property” In a non-Contingent offer — also just called a regular offer — the prospective home Buyer represents that they can perform (= pay) without first having to sell another home. Ergo, a Contingent offer is one in which they have to sell their current home...Read More
