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Underwriting

Pre-Approval Letters vs. Written Statements

“Bookends” at Beginning, End of Loan Process [Note to Readers: 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.] As anyone who’s recently bought or sold a home in Minnesota knows, a...
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Pre-Approval Letters vs. Written Statements

“Bookends” at Beginning, End of Loan Process [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.] As anyone who’s recently bought or sold a home in Minnesota knows, a Pre-approval...
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Down to the Wire: Is There Still Time to Buy a House in 2018?

Cash vs. Financed Deals Is 21 days enough time to buy a home? If two of those days are a holiday (Dec. 24 -25) AND the Buyer needs a mortgage . . . almost certainly not. That’s because, with a financed deal, it takes at least 10-12 business days just to secure a mortgage. In...
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“Cheap” vs. “Easy” Credit

Housing Market Finance, Then & Now “If you don’t have a job — or are afraid of losing one — it doesn’t matter how low interest rates are.” –Ross Kaplan Long before there was a housing bubble (seemingly, 3 lifetimes ago), there was a credit bubble. As a result, seemingly anyone who could complete a...
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Pre-Approval Letters vs. Written Statements

“Bookends” at Beginning, End of Loan Process [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.] As anyone who’s recently bought or sold a home in Minnesota knows, a Pre-approval...
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New Real Estate Trend: Buyers’ Lenders Who Market to the LISTING AGENT (Huh!?!)

Savvy Strategy for Getting Realtor Referrals Smart Realtors know that the most important people coming through weekend open houses aren’t necessarily checking out the house. Rather, they’re checking out them. Specifically, the open house visitors — often neighbors — want to see if the agent is doing a good job marketing the home, is knowledgeable, easy to talk...
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