“That’s Rich” may not have the protean meanings of some other phrases, like “Shut Up!!” or “Hot Dog!” See, “Shut Up!” Has 9 Different Meanings? Shut Up!! (No, YOU Shut Up!)”; and “The Many Guises of “Hot Dog.'” But, it has more definitions than you might initially guess: One. Caloric. “That chocolate cake sure is rich.”...Read More
“Super-Duper High Gloss” (Or, Maybe They’re Just Wet??) When it comes to hardwood floor finishes, there’s “matte,” “semi-gloss,” and “gloss.”* And then there’s VERY high gloss ” in the case of the floors shown above. Rule of thumb: you’re supposed to see your reflection looking in the mirror. But, when you can see your reflection...Read More
He Who Adjusts Least Adjusts Best” When it comes to pricing a home off of Comp’s (“Comparable Sold Properties”), the trick is to minimize both the number and absolute magnitude of the adjustments. The ideal would be a condo identical to its peers in every respect ” floor plan, size, condition, location, market conditions, etc....Read More
Price Range: $650k to $1.3 Million [Note to Readers: 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.] Realtors quickly learn that valuing homes by the square foot doesn’t work. That’s because the...Read More
“Who Ya Gonna Call?” (When an Offer Comes In) As a Buyer’s agent, how can you tell if the listing agent (representing the Seller) is taking your client’s offer seriously? They call the Buyer’s lender ” specifically, the lender on the Buyer’s Pre-Approval letter ” and verify key information. Like, whether they’ve previously worked with the...Read More
Universal Staging Principles How do you stage an outdoor, in-ground swimming pool in the backyard of a “For Sale” home? The same way you stage anything else: by adding accents, focal points, and color ” and removing clutter. For an outdoor pool, that means opening up any poolside umbrellas, arranging nearby lawn chairs, and throwing...Read More
