[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.] The most important date in a residential real estate deal? Easy: closing. So, what’s the second most important date? At...Read More
. . . . Or One [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.] Realtors representing Sellers (better known as “listing agents”) tend to be a lot more...Read More
The most important date in a residential real estate deal? Easy ” closing. So, what’s the second most important date? At least in Minnesota, the date that the Buyer’s Written Statement is due. See, ““You mean, there’s no deal AND they get their earnest money back?!?”.” Significance Up until that date, all the home Seller...Read More
The most important date in a residential real estate deal? Easy ” closing. So, what’s the second most important date? At least in Minnesota, the date that the Buyer’s Written Statement is due. See, “You Mean There’s No Deal, AND the Buyer Gets Their Earnest Money Back?!?” Significance Up until that date, all the home Seller...Read More
. . . . Or One Realtors representing Sellers (better known as “listing agents”) tend to be a lot more focused on Written Statements ” and specifically, Written Statement deadlines ” than their clients. There are two reasons for that: 1) it can be a technical subject (see below); and 2) most Buyers’ lenders meet...Read More
Financing “Vote of Confidence” One of the best, early signs that the Buyer’s lender is on top of things — and a good omen for final underwriting approval generally — is when the lender orders the appraisal for the day after the Buyer’s inspection removal deadline. That’s in contrast to the usual timetable, in which the...Read More
