One Successful Real Estate Transaction Begets Another OK, so what I do is not nearly as memorable as what Meg Ryan does (or imitates doing) in her rather dramatic delicatessen scene opposite Billy Crystal in “When Harry Met Sally” (the title of this post is what Ryan’s neighbor tells the waiter she wants after Ryan concludes). ...Read More
Keys: Location, Strength of Local Economy What are the prospects for (re)developing the now-mothballed St. Paul Ford plant? How long will it take? The best way to answer those questions is to look at what’s happened previously to idled auto plants elsewhere in the country: “Shuttered auto plants have been a surprising beneficiary of the...Read More
“So . . . How Long Has it Been on the Market??” First, a definition: “CDOM” stands for “Cumulative Days on the Market” — what non-Realtors call “market time.” As a prospective Home Seller (and their Realtor), it’s your friend on a new listing, neutral after perhaps 6-8 weeks on the market . . . and...Read More
Webster’s for Realtors OK, so they may sound like snowboarding manuevers. To Realtors, however, “commission splits” and “cross-over points” are two of the most important terms in the industry. So, what are they? A Realtor’s commission split is how much of each paycheck they share with their broker. Depending on the Broker and the individual Realtor’s arrangement, Realtors can...Read More
The Edina Realty City Lakes Realtor of the Month (December) would be . . . me! The prize: boasting rights (including this post) — and a reserved parking spot closest to the City Lakes front entrance. Thanks, Matt! (that would be Matt Loskota, City Lakes office manager, aka “the decider”). P.S.: the downside? Now, I really have to get...Read More
1 + 1 = 3? Or, 1 + 1 = Minus 2? Is co-listing “two Realtors for the price of one?” Or is it effectively no Realtors, for full price? It depends on the circumstances, of course. Ideally, however, the Seller benefits from Realtors whose skills and market knowledge are complementary, and who communicate seamlessly with...Read More
