“I’m (Very Close to) #1!” “I’m (Very Close to) #1” What are the top Twin Cities real estate blogs as of mid-March, 2012? It depends which search engine(s) you use. Here’s how the majors tally up the hits: Google: 1. Twin Cities Real Estate Blog 2. City Lakes Real Estate Blog 3. St. Paul Real Estate Blog Bing:...Read More
“Make an Offer! Please!” For every action, there is an equal and opposite reaction. –Newton’s third law I don’t know about physics, but then I suppose Newton didn’t know about real estate. In real estate, the equivalent to Buyers’ agents who verbally probe for, shall we say, Seller “price flexibility,” are listing agents who troll for showings and offers by intimating...Read More
Supportive — and Unsupportive — Comp’s In appraiser (and Realtor) lingo, a “supportive” Comp (“Comparable Sold Property”) is one that substantiates the value of the subject property, i.e., the one that the Buyer is seeking to obtain a mortgage on. Ergo, an “unsupportive” Comp is one that . . . torpedoes the value of the...Read More
No, It Doesn’t Hurt What’s a “brass-ectomy?” One local Realtor’s term (not mine) for updating all the cabinetry hardware — usually concentrated in the Kitchen — to give the home a more modern look. For my (and my client’s) money, that’s one of the most cost-effective things Sellers can do to inexpensively increase their home’s...Read More
[Your Caption Here] The caption accompanying this MLS photo is titled “Mud Room.” However, I suspect most prospective home buyers will substitute their own (less flattering) label. See also, “staging to sell.”Read More
Homes That Can’t Be Bought or Sold “Sunk Cost“: A cost that has already been incurred and thus cannot be recovered. A sunk cost differs from other, future costs that a business may face, such as inventory costs or R&D expenses, because it has already happened. Sunk costs are independent of any event that may...Read More
