Five-Step Checklist One of the last steps before closing ” in fact, sometimes done on the way to closing* ” is the Buyer’s walk-thru. To my mind, at least, the Buyer’s walk-thru has these five goals: One. Determine that there’s been no change in the home’s condition since the Inspection Contingency was removed. What can...Read More
Easier Sell in Summer? The problem with tuck under garages is what’s “over” the “under”: usually, a bedroom. If that bedroom happens to have hardwood floors, and it’s Minnesota in the winter . . . it can be unpleasantly cold. The two other problems with tuck under garages: 1) they tend to be single stall;...Read More
60 above zero: Floridians turn on the heat. People in Minnesota plant gardens. 50 above zero: Californians shiver uncontrollably. People in Duluth sunbathe. 20 above zero: Floridians use coats, thermal underwear, gloves, wool hats. People in Minnesota throw on a flannel shirt. 15 above zero: New York landlords finally turn up the heat. People in...Read More
How do appraisers account for a bowling alley in the basement? Or some other unusual feature, like a helicopter landing pad, 10,000 gallon aquarium, basement basketball court, or dozens of other unusual ” and therefore hard to estimate ” home features? They don’t. Huh?? Self-Cancelling Features If it’s possible, the preferred strategy in such situations...Read More
Negotiating is a crucial part of any deal, and lays the foundation for a clear, enforceable contract. Haggling is . . . an annoying waste of time. What’s the difference? Exactly two decimals. $5,000 vs. $100 So, a $5,000 item on a $300,000 house is the stuff of negotiation. A $100 item (or less) is haggling. (Note: accountants’...Read More
What’s the difference between a “Tudor” and a “Revival Tudor?” As far as I can tell . . . none. In fact, “Revival Tudor” appears to simply be the more formal name for what everyone commonly refers to as plain old “Tudor.” Here’s a good working definition: “The essential characteristics of a Tudor Revival house...Read More
