Hitting Too Close to Home When you discover 1″ of standing water in much of your basement (as I did this morning), your first impulse — after uttering the obligatory “#$!%@!” — is to shut off the water to the house, then look for whatever pipe burst overnight. Nada. I then checked the main sewer...Read More
< + Δ [Editor’s Note: Nothing in this post or on this blog should be construed as offering legal counsel. If you require legal advice, please consult an attorney.] If you want to skip my post, “Counteroffer vs. Amendment vs. Addendum” and cut to the chase, here it is, in three...Read More
Do-it-Yourself Price Reductions “If a tree falls in a forest and no one is around to hear it, does it make a sound?” Approaching the holidays, many would-be home sellers are loath to take a price reduction, even if there’s abundant evidence that that’s overdue. Why? They know that — with fewer Buyers active —...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
What Happens After the Listing Contract Expires? [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.] “Seller does not have to pay Broker’s compensation if Seller signs another valid listing...Read More
Can’t Show = Can’t Sell “If your parents don’t have children, you won’t either.” –old joke. “Show and sell!” –Common listing agent exhortation in the “Agent Remarks” section of MLS. It’s axiomatic that if, as a Buyer’s agent, you can’t get your client into a property . . . you ain’t going to sell it,...Read More
