Title Fun
You have to love this lawyer…….. Part of rebuilding New Orleans caused residents often to be challenged with the task of tracing home titles back potentially hundreds of years. With a community rich...
View ArticleProtecting Yourself When Buying Tenant Occupied Properties
Most of us are so used to buying REO properties in the last couple years, we forget all the details of buying a home with tenants in it! I know I do. In fact, I am so used to showing vacant houses...
View ArticleREO Shadow Inventory Jumps 10%
Oh boy! Great statistic if you are an investor (more cheap house coming). Not good if you are a retail seller or you flip houses. CNNMoney.com reports that there were 2.1 million homes that are very...
View ArticleTwin Cities Home Sales Return to 2007 & 2008 Levels
Home sales in the Twin Cities for November are down almost 40% from last year. This brings the level back to 207 and 2008 numbers when sales where around 2600 for November. Additionally, home prices...
View ArticlePre-Approved Short Sales
So, you read this siren call on the MLS listing that say “Pre-Approved short sale, quick closing possible”. You get all excited; maybe this short sale will be different. You get an accepted offer and...
View ArticleShort Sale Terminology
I got a great question from a long time reader, John Gall, today. He asked: When I look at the [other company's] site which I’m sure pulls from MLS I’m seeing the following status on the listings. It...
View ArticleThe Offer Conspiracy Theory
I just had it happen again today. Property has been on the market for 75 days. I checked with the listing agent last night, no offers. We wrote up an offer and I sent it in around noon today. He...
View ArticleHow Low Can We Offer?
I have been getting that question more and more every day with my customers. I answered that question a long time ago about Low Ball offers on foreclosed properties. That is current my number 1 post...
View ArticleHow to Buy a HUD Home
In the past 12 months, I have been showing and selling many more HUD properties. I would estimate that 1 in 10 are HUD listings up from 1 in 100 just 2 years ago. The process is much different than...
View ArticleEdina Realty & Realtor.com
By Errol Samuelson, President Realtor.com Last fall, Edina Realty announced it would stop displaying a portion of its listings on third-party real estate web sites. As of next week, we will no longer...
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