Weighing Defensive Clauses, Offensive Clauses — & No Clauses [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.] “Home must appraise at or above sale price. If appraisal is below that amount, Buyer shall have the right to renegotiate this...Read More
The Consequences of “Highest & Best” in Multiple Offers, or, “Woulda Coulda Shoulda” With tight inventory and the prospect of multiple offers returning to various Twin Cities neighborhoods, it’s a certainty that at least one local home Buyer this Spring — upon hearing they came up short in multiple offers — will protest, “But, I...Read More
Strong Lender = Strong Deal Normally, when Realtors think about financially qualifying a home Buyer, they think about what the listing agent — representing the Seller — does. Stuff like vetting the Buyer’s Pre-approval Letter (and making sure there is one!); interviewing the Buyer’s lender once an offer comes in; making sure the Buyer’s earnest...Read More
How to Financially Qualify Home Buyers — and Home Builders One of the things you get pretty good at (hopefully) in the course of representing home Sellers for 12+ years is, how to qualify — that is, get comfortable with — the Buyer’s financing. To be sure, I have a preferred list of questions I like...Read More
“I Think My Seller Can Work With That” I received an email the other day from a local agent networking a Buyer need for a nicely updated condo near the (City) Lakes with at least 2,000 square feet; lake and/or skyline views; and 2 heated parking spaces — all in a building with good amenities....Read More
“Four Three Corners” At least to my knowledge, there’s no one spot in the Twin Cities where four municipalities all touch (sort of like “Four Corners” in the U.S. Southwest, where Utah, Colorado, New Mexico, and Arizona all meet — and somebody limber enough can straddle all of them. See photo, above). But, I’m aware of at least three...Read More
