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Housing Market Trends

Gauging Buyers’ Interest in a House

The Many Forms of Showing Feedback How interested is a prospective Buyer in a given home? It’s not exactly high tech, but the best measurement tool I’ve come up with in almost a decade selling real estate is  . . . a stopwatch. So, the longer a prospective Buyer lingers in a particular home, the...
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Iconic Real Estate Numbers and Addresses

What’s in a Number? “One World Trade Center.” “Nine West” (as in, “Nine West 57th”).  “30 Rockefeller Center” (“30 Rock”). “90210” (as in, “Beverly Hills 90210”).  “1800” vs. “1738 Lake” It’s hard to explain why some real estate numbers & addresses attain iconic status  . . . and others don’t. Certainly, it helps if the number is catchy-sounding (“90210”),...
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What’s Holding Up Electronic Signatures?

Real Estate’s “Next Big Thing” — Really Electronic signatures are one of those developments that are supposed to be The Next Big Thing — every year for a decade running (see, “2012:  Year of the Electronic Signature“). Yet anecdotally, I’d say that less than 5% of Realtors have made the switch to date. So, what’s holding...
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“What Kind of Hardwood is It?”

If you’re trying to identify the type of hardwood in a client’s condo — specifically, a massive front door — and neither they nor you know, what do you do? Find an expert. Or three of them. In my case, I first asked the inspector doing the municipal point of sale inspection. Their guess:  ebony...
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10 Day Review Period . . . 2 Weeks Too Late

How Strong is the Condo Association? I’ll discuss this year’s legal and forms changes (exciting stuff, I know!) in another post. But one of the things that did not change this year — and I predict will next year, if not sooner — is the timing of Condo and Townhouse Association disclosures.  At least in Minnesota,...
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What “Cooperate” Means to a Realtor

“Cooperative and Rude?” (Not Mutually Exclusive) In general, I’ve found that real estate has a lot less jargon and technical terms of art than law. A notable exception? The word (term?), “cooperate.” To the average person, it means working with someone to accomplish a common task or goal — usually in a positive, agreeable manner....
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