One of the highlights of my new listing at 5116 29th Ave. South in Minneapolis is the terrific location: just two blocks to Lake Nokomis, 3 to Minnehaha Parkway, and close to light rail, the airport, and Highland Park. Even closer: Nokomis Beach Coffee (pictured above), in between the home and the lake. Although it looks...Read More
From Dozens of Questions . . . to Just One After all the market analysis, Comp’s, showing feedback, etc., once a Buyer shows up with an offer, there’s really just one question Sellers (and their Realtors) have to contemplate. Namely: ‘Is this offer the best (or close to it) that I can expect to get...Read More
Comparing Notes Quick, what is one of the best predictors that someone is ready to buy a home: A. They just got a promotion. B. They just got engaged. C. Their family got bigger (they had another child). D. Their best friend (or sibling or colleague) just bought a home. Answer: all of the above,...Read More
Realtor Rules of Thumb Once upon a time, when homes were cheap, Realtors had a saying: “10 showings, $10,000.” In other words, if a home had 10 showings but hadn’t sold, a $10,000 price cut was in order. Then, home prices went up — seemingly forever — and the phrase fell out of favor. Guess...Read More
Test: ‘Reasonableness’ To recover from their Seller for a home defect, Buyers must satisfy a two-part test. Namely, they must prove that: 1) the defect existed at the time the Seller sold them the home; and 2) the Seller either knew of the defect, or should have known. Which begs the question, “what should sellers...Read More
I Dig It! As someone who appreciates clever car advertising (my license plate says “MY RLTR” — as in, “there goes my Realtor“), I found myself driving behind a kindred spirit this morning. A landscaper, his bumper sticker read, “I dig gardens.” Nice! P.S.: perhaps the most infamous Realtor car advertising is this one, by (TV) Realtor...Read More
