I don’t know if Realtors suffer disproportionately from Attention Deficit Disorder.** But, I did just hear a story at a continuing ed class, about an agent who got this t-shirt from his spouse for his birthday: “My wife thinks I have ADHD. I don’t think so. Hey, look! A chicken!” **Getting emails, texts, and phone...Read More
Avoiding the “Contingency Premium” “We may be small, but we’re slow.” —Cal Tech football team slogan. If you were a home seller, how much extra would you want in order to assume the risk that your Buyer could successfully sell their current home in a timely fashion ” the standard Contingency is 60-90 days ”...Read More
The most important date in a residential real estate deal? Easy ” closing. So, what’s the second most important date? At least in Minnesota, the date that the Buyer’s Written Statement is due. See, ““You mean, there’s no deal AND they get their earnest money back?!?”.” Significance Up until that date, all the home Seller...Read More
Home Price as a Moving Target “Those who know, don’t talk; and those who talk, don’t know.” —Stock market saying. What’s true in the stock market is also true in real estate. Namely, the value of what Realtors call a “Comparative Market Analysis” (“CMA”) that can be had for free is . . . about what...Read More
What’s More Than a Full Bath? By convention, Realtors call a Bathroom with a sink, toilet, bathtub and shower a “full” Bath. Because each of those items counts as .25, a Bathroom missing one or more of them is considered a fractional Bath. So, a Bathroom with a sink, toilet, and shower (but no tub)...Read More
The Color Taste of Water Water usually doesn’t have a taste, and people don’t object to that. Ditto for celery. So why is calling something ” like a comment, a work of art, or an article of clothing ” “tasteless” a dis? “Taste-Free” vs. “Tasteless” Clearly, what the speaker intends to say is, “in bad taste.”...Read More
