High Washout Rate [Note to Readers: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced.] One of the last things that can come up before would-be home sellers officially hire an agent is what Realtors call an exclusion (or sometimes protected)...Read More
Fussy, Fussy? Maybe Not Do Realtors who stay at an Airbnb have higher standards than the general public? I don’t know about other agents, but this one does — even if, as a (very) short-term renter vs. long-term Buyer, I usually keep the quibbles to myself. List of Shortcuts At a recent Airbnb home in...Read More
Fake Housing News? More Like a Missing Decimal Point Nearly 15 million homes sold nationwide in April, May and June, according to new data released last week by the Commerce Department and National Association of Realtors.” –“2020 is the Summer of Booming Home Sales ” and Evictions”; The Washington Post (7/27/2020). Maybe it was due...Read More
Stealth Price Cut What does it mean when a listing agent puts out the word ” on MLS or just verbally ” that their Seller “will consider all offers?” (sometimes qualified with “all reasonable offers”). Here is a rough translation: 1) the Seller knows that the current asking price is too high; 2) but, for...Read More
Different Homes, Different Buyers It may seem counter-intuitive, but just because two “For Sale” homes share the same block and are listed for the same price, doesn’t necessarily mean they’re direct competitors. In fact, I can think of at least two scenarios where there’s virtually no overlap in the pool of prospective Buyers considering both...Read More
Getting You More Money For Your Home & More Home For Your Money A great football coach can take his’n and beat your’n, and then he can turn around and take your’n and beat his’n.” —Long-time football coach Bum Phillips (my paraphrase). Entering my 19th(!) year selling homes, I think I finally have come up...Read More
