“Substantially the Same Condition” & The Golden Rule “I know it when I see it.” —Supreme Court Justice Potter Stewart, on the legal definition of what constitutes pornography. “Buyer has the right to a walk-through review of the property prior to closing to establish that the property is in substantially the same condition as of the...Read More
“Bundle of Sticks” ” and a Club [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.] At least in Minnesota (where I sell real estate), Sellers who aren’t moved out...Read More
What Can Ruffle a Veteran Realtor Just Before Closing Thankfully, the list of things that can rattle a seasoned agent (OK, me) just before closing is mercifully short. Assuming the Buyer can perform financially, and any final walk-thru inspection issues have been addressed . . . there’s not much left. Don’t Panic . . . Yet...Read More
As Minnesota home sellers know (or should), the required Seller Disclosure is a “live” document, up to the date of closing. Translation: if something bad happens to the house after it goes on the market, the Seller needs to update their disclosure. But, what happens if the Seller is long gone? (often the case with...Read More
“Bundle of Sticks” — and a Club At least in Minnesota (where I sell real estate), Sellers who aren’t moved out by closing — and thereby risk derailing the deal — occurs much less than you’d expect. In fact, in 14+ years in the business, I’ve never had a closing postponed or even delayed by a...Read More
“Substantially the Same Condition” & The Golden Rule ‘I know it when I see it.’ –Supreme Court Justice Potter Stewart, on the legal definition of what constitutes pornography. “Buyer has the right to a walk-through review of the property prior to closing to establish that the property is in substantially the same condition as of the...Read More
