More Neighborhood Shots? From the long-established 10 photo maximum, MLS has just recently jumped to permitting 16 photos per listing. What will that mean for home sellers and their agents? My guess is that it depends — no surprise — on the property. Case-by-Case So, for a 2 Bedroom, 1 Bath home (or condo) with under...Read More
One Less Holdover in Fern Hill What characterizes a weakening housing market? Currently “For Sale” properties linger inordinately, creating a backlog that undercuts pricing for successive, new listings. What characterizes a firming market? Long-time, “carryover” listings get absorbed, tightening supply and setting the stage for more aggressive listing prices prospectively. Category #2: Exhibit A You...Read More
Why does that Realtor you know look so tired? In today’s market, it’s likely that they’re actually selling each listing three times. The first time is to the prospective Seller, whose market expectations . . shall we say . . . may be a little out of date. That means patiently educating them about Comp’s; helping them...Read More
Cedar Lake Price Opinion As a professional courtesy, I will occasionally ask other agents to give me a price opinion on an upcoming listing. And they’ll ask me for the same. So, I made a quick trip over to Cedar Lake earlier this week to offer my proverbial two cents on another agent’s upcoming listing. Elasticity...Read More
Millennials vs. Baby Boomers One of the most startling things I heard at yesterday’s Edina Realty annual meeting was the degree to which the Realtor ranks nationally are now dominated by (relative) old fogeys: something like half of all active agents are now over 40 years old (and not a few are over 65!). This, at the same...Read More
Like Attracts Like One of the unexpectedly nice things about surviving in real estate longer than the average Realtor (something like two-thirds last less than 2 years!) is that . . . you tend to like your clients more over time. How’s that, exactly? Unlike say, relationships (where opposites often attract), in real estate like seems to attract...Read More
