“You Mean, the Bank Can RAISE The Price After the Seller Has Signed the Purchase Agreement?!?” (Yup, That’s What I Mean) After a couple HUGE years for short sales, they’re now receding as a factor in today’s housing market. According to City Lakes’ resident short sale expert, Jim Kantorowicz, there are two reasons for that:...Read More
“And the Owner’s Dog is Ugly, Too!” In the land of “Minnesota Nice,” listing agents (representing Sellers) don’t encounter it often. But, at today’s office meeting, another Realtor made reference to a recent, “brutal” showing on one of their listings. Invariably, here’s what they meant: “The prospective Buyer trashed the home’s price, condition, curb appeal,...Read More
“Let’s Go Kill Build Something!” Substitute “build” for “kill,” and you’ve got a pretty succinct explanation for today’s (very) robust market for new construction. Namely, with the economy recovering (at least for many consumers) and housing inventory continuing to scrape record lows, Buyers with the means are throwing in the towel waiting for their dream home...Read More
