August 7, 2018

TMI (“Too Much Information”) — Listing Agent Edition

“By popular request, the new NorthstarMLS default setting for ShowingTime overlapping appointments is to continue to allow them, but no longer reveal the appointment blocks/overlaps to the showing agent that other agents have scheduled.” –Notice to Twin Cities Realtors, NorthStar MLS (August 7, 2018). [Editor’s Note:  The views expressed here are solely those of Ross Kaplan, and...
Read More

2018 Housing Market, Late Summer Snapshot

The Mindset of Buyers, Sellers, and Their Agents . . . in Three Words Want a 3-word summary of the current state of the housing market and people’s mindset? Here’s mine by category: Buyers: “Wary.”  Not all but many Buyers now are nervous about what they perceive to be elevated housing prices — and what comes next....
Read More

“The Stuck Seller”: Psychological Barriers to Pricing Right

Home Seller Lament:  “But, I Got it (Full Price) Before!” One of the toughest pills for home Sellers to swallow is revisiting their asking price in the wake of a failed deal, especially if the deal was for full price (or more), early in the listing. That’s especially so when the deal later fell apart solely...
Read More

“Saved” MLS Searches: How Significant?

Lies, Damn Lies, and Realtor Statistics What’s the best way to tell if a “saved” MLS search is in fact a prospective home Buyer, who’s watching the property in the hopes that the price drops? Reduce the price. If the price reduction triggers a wave of showings (and ideally, offers!) . . . the “saved” MLS searches...
Read More