“Edina: 2-story walkout, 4,320 finished square feet, 5/4/3, school district 270. Fresh and immaculate Parkwood Knolls home on a great lot in a cul-de-sac. $874,900”
–Pre-list networking
Can you spot the key — and buried — detail in the above?
Hint: it’s not a word, it’s a number — in fact, it’s a single digit (“0” vs. “3”).
What’s in a Number
As agents (if not the public) know, Edina schools are #273; Hopkins schools are #270.
Ergo, prospective Buyers need to know that, even though they’ll have an Edina address, their kids are zoned for Hopkins.
And because Edina limits open enrollment, the chances of getting into Edina schools — a drawing card for many Edina Buyers — are low.
Potential Dealbreaker
How big a deal is that?
It certainly varies by Buyer — Hopkins schools have plenty of fans, too — but suffice to say it translates into a discount, not a premium for the affected home(s).
Hence, making that clear to Buyers’ agents (and their clients 🙂 ) up front . . .
P.S.: “5/4/3” is Realtor-speak for 5 Bedrooms, 4 Bathrooms, 3-car Garage.
See also, “Coming: Not So Open Enrollment?“
