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Housing Market Trends

What’s for Sale . . . in Minneapolis’ “Linden Hills” Neighborhood

New & Improved Housing Stock ” and a Price to Go With! [Editor’s Note:  The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway (“Berkshire”), or any other entity referenced. Edina Realty is a subsidiary of Berkshire.] Once upon a time ” OK, until around a decade...
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What’s the Difference Between “No Contract” & “Breach of Contract?”

Answer: a Lawsuit and Big $$$ (Potentially) [Editor’s Note: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced. If you need legal advice, please consult an attorney.] “PREVIOUSLY WRITTEN PURCHASE AGREEMENT: This Purchase Agreement Is/Is Not subject to cancellation of a...
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When the Realtor is the Client’s Brother-in-Law/High School Buddy/Spouse’s First Cousin’s Sister

Home Buyer/Seller as Guinea Pig As a Realtor, I know better than to challenge an acquaintance who, almost sheepishly, explains that they would’ve liked to hire me, but instead were obliged to use their [insert relationship here**]. Far be it from me to poison — perhaps for years — an extended family’s Thanksgiving or Christmas,...
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Can Home Buyers and Sellers Agree to Arbitration AFTER the Sale?

Question #2: How Realistic Is It That They Will? [Editor’s Note: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced. If you need legal advice, please consult an attorney.] Normally, Minnesota home Buyers and Sellers decide when they negotiate the Purchase...
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How Long Should a Listing Contract Be?

Realtors’ Investment: Skill, Time, & Marketing $$$ How long should a listing contract be? The short answer: “long enough to sell the property being listed.” How long that is ” assuming that the home is well-priced, staged, and marketed ” is typically a function of price. Under $250k in the Twin Cities today, you’d estimate 20-40...
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Gauging How Seasoned the Realtor is: Three Metrics Besides “Years in the Biz”

  Sure, sure, “how many years someone has been in the business” is a rough proxy for how experienced a particular Realtor is. That’s especially so in a field where something like 90% of new entrants last less than two years. But, I’d argue, there are three other metrics that more accurately capture how seasoned/skilled...
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