“Full Plate” Syndrome (Unrelated to Thanksgiving)

When a old, undersized house in a hot neighborhood for tear-downs and new construction fails to sell right away, what might be the explanation?

full plateIn fact, just such a home debuted on the market near Minneapolis’ Cedar Lake this week.

One possibility is that the home is overpriced.

Theory #2: ┬ámany local builders have (too) full plates at the moment, and can’t take on new projects until they sell one or more existing ones.

Best guess?

A combination of #1 and #2.

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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