Housing Market Achilles Heels and Deal Breakers

Experience has taught me that if something’s been on MLS for more than a week and looks too good to be true . . . it invariably is.

The latest reminder of that was an $80k Hopkins home that I just showed this afternoon.

The catch?

Actually, two:  1) the tub — in a home with 1 bathroom — that you had to be under 4′ tall to stand up in (my client missed by 2 feet-plus); and 2) the very low overhead (ouch!!) to reach the second floor.

You still gotta go look, though, just to be sure.

P.S.:  And if the property’s been on the market less than one week?

Then the Buyer (and their agent) has to worry about multiple offers and Seller response time.

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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