Trifecta of Turn-off’s

We may be small, but we’re slow.

–Cal Tech football slogan

Want to assure that (practically) no Realtors show your property?

Start out with a short sale, requiring the bank(s) holding the mortgage to voluntarily take a haircut — which they’re loathe to do.

That means the already long odds of closing any deal these days suddenly got much steeper — and the workload and timeline just trebled.

Next, cut the commission offered to the Buyer’s agent (called the pay-out) from the standard 2.7% to 2% — on a property listed for $200,000.

Finally, to dial up the risk/complexity factor, make sure the property is both very old and very big — and has had multiple deals already scuttled, the most recently this week.

A certain Bryn Mawr (Minneapolis) Victorian meeting all of the foregoing criteria just came back on the market yesterday.

Thanks — but no thanks!

P.S.:  That’s not a Chinese red flag (above) — that’s a real estate red flag.

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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