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Housing Market Trends

Realtors and Client Confidentiality

The First Second to Know Want to know who just got a plum, new job out-of-town? Is about to lose their current one? Getting divorced? Just had a financial windfall? Or, for that matter, any number of other highly personal news? Ask their Realtor. Loose Lips Sink  . . . Realtors Except, of course, that a good Realtor will never...
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Holdover and Early Move-in Agreements: “[S]he Who Negotiates Least, Negotiates Best”

Negotiating One Deal ” or Two?? [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.] Good agents instinctively know that “he who negotiates least, negotiates best.” Which is why they...
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What is a “Cooperative Client?” — Home Seller Edition

How Realtors Grade Clients Clients may have a select few words for their Realtors, but Realtors also have some favorite words for their clients. No, not “%!%#!” Rather, how “cooperative” they are. What do I mean by that? For Sellers, client cooperation boils down to these three things: 1. Pricing. A cooperative client picks a...
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Is it Possible to Hold TOO MANY Sunday Open Houses?

Law of Diminishing Returns Show me a “For Sale” home that’s open Sunday after Sunday, rain or shine, and I’ll show you a house where: a) the home is likely overpriced and going nowhere in the market; b) a frustrated Realtor is trying to placate an impatient owner; or most likely c) both “a.” and...
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Is Andrew Wiggins Leaving the Timberwolves?

If Not, Why is His Minneapolis House for Sale? [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.] It’s certainly possible that Timberwolves small forward** Andrew Wiggins could be buying (or renting)...
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Downtown Minneapolis’ $5M(!) Condo

Whitney Lofts Unit Overlooking the Mississippi River OK, so the “For Sale” condo with 17.5′ ceilings and spectacular views of the Mississippi River (photo, above) is listed for only $2.875M. But, that just buys the shell — the unit is currently unfinished, raw space. Assuming that it costs $500/square foot to finish the 4,100 square...
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