Realtor Response Time How long do Realtors have to get back to a prospective Buyer looking for an agent to represent them? A. One business day B. One-half day C. Two hours D. Five minutes Correct answer: D. Yup, the latest industry statistics indicate that you have 5 minutes(!) to get back to a lead,...Read More
Zipping through my backlog of taped “Tonight Show with Jay Leno” shows the other night, I caught this exchange between Leno and an audience member: Leno: What do you do for a living? Young woman: I’m a Realtor. Leno: So, how do you like living with your parents? (big laugh). Are there some starving Realtors...Read More
The TOO Aggressive Real Estate Agent Can a Realtor be too aggressive? (See also, “Too Much– and Too Little — Realtor Attention“). At least some people would say “no.” But then, those people have probably never had their home “networked” — without their permission — online. Apparently, that is what just prompted Edina Realty to...Read More
(And Why it Matters) Quick, test your knowledge of housing styles and answer the following: How do you tell the difference between a condo and a townhouse? A. Physical appearance. B. By reviewing the Seller’s Disclosure. C. Whether there’s an owner’s association. D. By looking at the legal description. Answer: D. Normally, Buyers (and Realtors)...Read More
Are “Traditional Sellers” Waiting For Fewer Foreclosures? Want a shorthand for knowing when the housing market has truly turned around? Watch what’s called “the median sale price” — statisticians’ term for the midpoint of a given group. So, the median price of 101 sold homes would be that price which is lower than 50 of...Read More
“Is That Like, ‘Who’s Buried in Grant’s Tomb?'” The above may seem like a trick question, but it’s really not. Especially given that Minnesota’s Spring housing market doesn’t really kick off in April or May, but early February (or whenever the subzero weather relents). So, do Fall sellers jump the gun as well? Avoiding Labor...Read More
