Category Archives: BUYERS

Buyer Inspections…A Few Thoughts

Buyer Inspections…A Few Thoughts

I advocate buyer home inspections conducted by accredited, experienced, full time, inspectors as opposed to your uncle, significant other, builder friend, or father (mother). I can provide the names of several inspectors who have received good grades over the years from my clients, and you are certainly free to investigate this field on your own.…Continue Reading

Agent Compensation – How Does That Work??

Agent Compensation – How Does That Work??

When a home is listed for sale, the listing agent (his or her name is on the sign posted in the yard) has negotiated a seller paid commission,usually expressed as a percentage of the sale price, payable upon the successful sale and closing of the home. At closing the listing company receives the overall commission…Continue Reading

Sample Purchase Agreement

Sample Purchase Agreement

  The process of conveying property from sellers to buyers involves a set of written documents, the contents of which must be agreed to by both parties – verbal agreements don’t really carry any weight in the legal system, and partial agreement to written terms doesn’t count either.  In other words the buyer and seller…Continue Reading

Agency Disclosure

Agency Disclosure

A number of years ago the State of Minnesota passed legislation requiring real estate agents to clarify their representation status when dealing with buyers and sellers.  The above informational form does exactly that, and you will be asked to read over the appropriate sections, then sign and date to acknowledge receipt of the information.  Especially…Continue Reading

Why Homes You Find On Line Are Not Available…

Why Homes You Find On Line Are Not Available…

You couldn’t know this… How frustrating it is to find the “perfect” home on one of the popular real estate web sites, and then find out, upon further checking, that it has “sold, subject to buyer inspection” or “sold subject to buyer approval of condo documents” or something similar.  There are two truths that you…Continue Reading