Multiple Offer Multiple Choice This (admittedly nondescript) brick cottage in St. Louis Park’s Fern Hill neighborhood came on the market June 1 at a list price of $90,000, and was switched to “Pending” 10 days later. The transaction closed August 13 (and was just posted on MLS this morning). What was the sales price? A....Read More
Free by Christmas? Back in the beginning of the Summer, I discussed a Highland Park (St. Paul) home with a particularly tortured price history: May 4: listed at $699,900 May 10: reduced to $674,900 May 15: reduced to $649,900 May 18: reduced to $624,900 May 21: reduced to $599,900 May 29: reduced to $574,900 June 1:...Read More
City Inspections vs. Buyer Home Inspections “Needs extensive rehab or possible teardown. Not a bank-owned home. Very fast response to offers. Minimal T-I-H required repairs.” –MLS listing How can something be a possible tear-down, and yet have “minimal Truth-in-Housing (TIH) required repairs?” Isn’t that an oxymoron? Nope. As I tell my Buyer clients, the scope...Read More
