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Housing Market Trends

How Do You Tell if a Home Seller is Motivated? (Hint: It’s Not Because They Tell You They’re Motivated)

Actions > Words, Real Estate Edition So, how do you tell if a home Seller is motivated? Test your knowledge of today’s housing market, and identify the correct answer(s) below: A. The home is realistically priced; B. If the home hasn’t sold after a reasonable amount of market time (depends on price point, home attributes),...
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Deciphering “TNAS” in the Twin Cities Housing Market Now

“But, the Seller’s Disclosure Doesn’t SAY Anything About a Wet Basement!” (not yet, anyways) As Realtors if not the general public know, the MLS status “TNAS” ” short for “Temporarily Not Available For Showing” ” is a catch-all. So, TNAS can cover everything from new carpeting being installed, to someone in the household being sick,...
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“Please Confirm You Received My Email”: When Is That Request Appropriate? (Hint: not very often)

Realtor Email Etiquette:  “Do’s” and “Don’t’s” How do you effectively double the already large number of emails between two Realtors working on a transaction together? Have one explicitly request that the other acknowledge receipt of each and every email they send. Yup, I’ve run into agents who subscribe to that annoying practice. Which is why...
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The Multiple Meanings of “Watch Your Back!”

Metaphorical, Literal Definition #1 — at least at the end(?) of a long, snowy Minnesota winter — is easy: “Watch your back!” literally means, “Be careful you don’t strain your back [while shoveling].” The comment is usually offered solicitously, often by a loved one; it’s sometimes preceded by “better” or “be sure to” (“You’re going to...
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“How to Avoid the Next Real Estate Downturn,” according to The New York Times

Mistitled — & Misleading [Editor’s Note:  The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway (“Berkshire”), or any other entity referenced. Edina Realty is a subsidiary of Berkshire.] “Tell me where I’m going go die, so I won’t go there.” –Berkshire Hathaway’s Charlie Munger. Sorry, notwithstanding...
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MLS Agent Remarks: “Bring Your Client Fast as it Will Not Last!”

How Many Real Estate Marketing Errors Can You Spot? To my eye, the listing agent marketing a certain Fern Hill Rambler now commits not one but two mistakes trying to push Buyers’ “Fear of Missing Out” button: One. In an ongoing Seller’s market with too little inventory, it’s certainly plausible that any new-to-market listing will...
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