Winter 2018-2019: Twin Cities Goes From Bare Ground to +6′ Snow Banks in a Few Weeks [Editor’s Note: Seller liability for ice dams and other home issues is case-specific, and affected by local and state law. For legal advice, please contact an attorney.] At least until a few weeks ago, it looked like the Twin...Read More
“Only 61 53 46(!) Shopping Days Till Christmas!” Yeah, I know: there are still officially 53 days left in 2018. But, that’s cutting it pretty close for would-be home buyers and sellers who want to close by the end of the year. Here’s my math: Thanksgiving week: subtract Thursday and Friday (Nov. 22 and 23). Christmas: subtract Monday and...Read More
Home Buyers (and Sellers) can be excused for thinking that the purpose of an appraisal — typically, done at the behest of the Buyer’s lender — is to determine the home’s fair market value. Not exactly. Rather, the purpose of the appraisal — at least one done in the context of a home sale —...Read More
Flies Tenants, Honey, & Vinegar “A home sale can have many potential deal killers. Emotions can run high. There can be hidden agendas. From tenants who don’t want to move to the child who doesn’t want to see the family home sold, third-party players can block or undo a transaction. For agents, it can mean...Read More
Contractual Assent . . . and a Veto Power To successfully change the closing date of a home sale, which of the following must agree? A. The Buyer. B. The Seller. C. The Buyer’s lender. D. The Buyer’s title company. E. The Seller’s title company. F. The Realtors (Listing agent and Buyer’s agent). Answer: all...Read More
Potential Buyer Inspection Issue [Editor’s Note: Seller liability for ice dams and other home issues is case-specific, and affected by local and state law. For legal advice, please contact an attorney.] While the Twin Cities is already on its 3rd (5th?) blast of arctic air this season, there’s been precious little snow (in fact, the...Read More
