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November 20, 2011

Unadvertised Price Reductions

Taking $50k, $75k — or More(!) Off the Last Asking Price Overpriced listings have a way of coming down to earth, and Buyers who can afford to be patient can often pick up the property at a (much) better price once the Seller has become more realistic. Of course, Buyers who wait risk that the Seller...
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Never Mind the Mortgage — Can The Buyer Afford the Property Taxes??

Minneapolis Property Tax Disconnect Pop quiz:  the annual property taxes on this Kenwood short sale — listed at $349,900 — are . . . A.  $3,142 B.  $4,475 C.  $6,020 D.  $13,983 Answer:  “D.” Assuming that the eventual Buyer has good credit, is putting down 20%, AND the short sale is approved at the list...
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