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Home Buyers

Buyer’s Agent: “So, What’s the Seller’s Real Bottom Line??”

Listing Agent Retort: “I’ll Tell You Right After You Tell Me How High the Buyer is Willing to Go” You (almost) never hear a listing agent (representing a Seller) say to a Buyer’s agent at the outset of negotiations: “let’s cut to the chase; what’s the most your Buyer will pay for my client’s property?”...
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The Home With a “Variable” Lot Size

High Tide and Low Tide?? I’ve certainly seen “For Sale” homes with irregular lot sizes. That can occur in all kinds of situations: when a home is on a cul-de-sac; when it backs up to wetlands (the resulting lots often resemble pie slices); and generally anywhere further from the city center, where the standard 40′...
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Multiple Offers: When Can the Winner Finally Exhale?

“Signed (Electronically); Sealed; & (Constructively) Delivered” [Note to Readers: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced. If you need legal advice, please consult an attorney.] “Final acceptance” sounds like something that happens in a hospice, or perhaps what Woody...
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Include Family Photo With That Buyer Letter? Maybe Not . . .

Would You Sell Your Home to This Buyer? [Insert Photo Here] [Note to Readers: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced. If you need legal advice, please consult an attorney.] Prospective home buyers seeking to tip the scales in...
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Entry-Level Edina: Slim Pickings < $500k (Yup, $500k!)

Why Edina is in Such High Demand It shouldn’t come as surprise that, in a city where the average asking price for a single-family home is now $1.422 million, and the most expensive list price is $3.895 million, entry-level home prices will be dear, too. In fact, starter homes in consistently high-demand Edina begin around...
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Can You Say, “Feeding Frenzy?”

Bloomington Rambler Gets 56(!) Offers, Sells for 25% Over Asking Price If you’ve never been in multiple offers, here’s a quick shorthand: 2-3 is stressful; 6-8 is a three-ring circus; and more than a dozen is a proverbial zoo. So, I literally don’t know what to call what just happened at 800 E. 86th Street,...
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