It’s Not A Comp Till it Closes What do you do as a listing agent if the home you just sold (subject to the Buyer obtaining financing) presents an appraisal challenge? That has been a frequent occurrence in the Twin Cities this year as prices rebound, but the most recent sales — and the ones which appraisers...Read More
Hint: It’s Not Jewelry What qualifies as a Realtor status symbol today? (that is, besides stellar sales statistics — lots of s’s, I know). Forget about a private wash room: not even Edina Realty President and CEO Bob Peltier has that. It’s not an office with a view, at least at Edina Realty City Lakes...Read More
“You Don’t Get a 2nd Chance to Make a 1st Impression” — Real Estate Version What’s the real estate equivalent of, “you don’t get a second chance to make a first impression?” You don’t get a chance to do pre-list marketing once the property’s actually for sale. If new listings enjoy the most “buzz” and...Read More
“As Is” . . . As of When?? True or false: Buyers purchasing a home “As Is” typically skip a final walk-through inspection. Answer: false. It may seem counter-intuitive — doesn’t “As Is” mean the Seller isn’t obliged to fix anything? — but, at least in Minnesota, it still behooves Buyers purchasing a property “As Is” to do a final...Read More
Question #2: How Long Has it Been for Sale? Test your knowledge of the Twin Cities housing market, and guess how much this single family home just northeast of Lake Calhoun in Minneapolis’ Uptown neighborhood is listed for: A. $150,000 B. $237,500 C. $399,900 D. $1.1 million Answer: “D.” (believe it or not) While the...Read More
Sellers Who (Kind of) Get It Notice something wrong with this home’s curb appeal? Like, the storage pod in the driveway? While pods are a terrific way to declutter a home, once they’re filled up, it’s necessary to actually have them stored off-premises. Or, failing that, at least move them to a less conspicuous location than...Read More
