Day

June 24, 2013

Term of the Day: “Widowmaker”

Also Known as a “Hanger” It’s a term I didn’t know until the Twin Cities’ most recent storm Friday night. But, that’s what the tree removal folks call a huge, dangling tree limb ready to take out anything underneath. We had one in our front yard, and there were — are — dozens visible within...
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Quick! When Was This Home Listed?

Photos That Are One Season (or More) Behind Why does it matter when a home originally listed? Because price varies (negatively) as a function of market time. Translation:  owners have the most pricing power soon after their home debuts on the market, and gradually lose leverage thereafter. Cockroaches & Dated Photos So, looking at the...
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Storm Damage & Pending Home Sales: Buyer’s Call

“Force Majeure” Clauses [Editor’s Note: This post originally ran on May 29, 2011, after tornadoes damaged scores of North Minneapolis homes. In the wake of Friday’s even more devastating storm — with hundreds of downed trees, smashed cars, and smashed homes throughout the Twin Cities — it seemed timely to re-run.] RISK OF LOSS.  If...
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