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Housing Market Trends

Why Is it Called a “Knockdown” Ceiling?

Everything You Wanted to Know About Ceiling Finishes As best I can tell, the reason it’s called a “knockdown ceiling” is because calling it a “knock-off ceiling” would have been too confusing. What gets knocked off ” er, knocked down ” is the joint compound that’s first applied to the ceiling, and allowed to partially...
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“Coming Soon! 4 BR/3 BA Linden Hills 2-Story in Move-in Condition. Price: $500-ish”

Pre-List Networking Trial Balloon I’ve been in real estate sales for 18 years, and I still have no idea what a “$500-ish” price is. $520k, perhaps? Maybe $485k? In truth, I can imagine a “$500-ish” price falling anywhere between $480k to $530k or even higher. Buyer Trap? Which is no doubt precisely the point, especially...
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Maybe Trump WASN’T Lying When He Said, “I Alone Can Fix It”

It Depends on What the Definition of “It” Is (and also “Fix”) “Fix“: Pronunciation /fiks/ /fɪks/ (Informal): Influence the outcome of (something, especially a race, contest, or election) by illegal or underhanded means. –Oxford Dictionary. [Note to Readers: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway,...
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Listing Agent to Buyer at Closing: “Congrats! I’m Sure You’ll Love My Parents’ Home” (Wait . . . What?!?)

Minnesota Specifies (Kind of) Timing of “Related Party Disclosure” Requirement [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.] Minnesota real estate agents have always had a duty to...
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Home Seller Exclusion Lists: Why the “Neighbor’s Best Friend’s Son-in-Law” Usually Isn’t the Buyer

High Washout Rate [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.] One of the last things that can come up before would-be home sellers officially hire an agent is what Realtors call an exclusion (or sometimes protected)...
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Realtors Who Stay at an Airbnb: Tough(er) Customers?

Fussy, Fussy? Maybe Not Do Realtors who stay at an Airbnb have higher standards than the general public? I don’t know about other agents, but this one does — even if, as a (very) short-term renter vs. long-term Buyer, I usually keep the quibbles to myself. List of Shortcuts At a recent Airbnb home in...
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