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housing market

Famous Homes for Sale — Twin Cities Edition

How Big a Premium? Do famous homes fetch a premium? In the Twin Cities, it’s hard to know — there aren’t that many of them. However — at least to Baby Boomer fans of The Mary Tyler Moore Show — there are few more iconic homes than the one (pictured above) on Kenwood Parkway, just north...
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The Left-Behind “For Sale” Sign

Whose Job is it? It’s not my job, as the Buyer’s agent, to have the “For Sale” sign removed after closing. But if the listing agent (representing the Seller) doesn’t arrange to have that done, it is my job to follow-up. In fact, at least at bigger brokers like Edina Realty, that process is done automatically...
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Post-Closing Calls (and Instant Messages)

Buyers’ Lists — and Realtors’ It’s common for Buyers — especially first-time Buyers — to let their family and friends know just after they’ve successfully closed on the purchase of their home. But, Realtors also keep a list of people to call, post-closing (at least, I do). Who’s on it? “So, What’d it Sell For??”...
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What’s Hot (Besides the Weather)

Days on Market:  1 Offers:  4 Where:  5930 Kenneth Way in Golden Valley. What:  5 BR/3 BR split-level with 2,524 finished square feet on a .38 acre lot;  year built:  1966. How (much):  listed for $325,000 Who:  listing agent — Karla Rose; broker — Edina Realty. When:  on market 7/16 (yesterday). How’s the market? For the...
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Navigating Municipal Point-of-Sale Inspections

Realtor “Lifelines” and Shortcuts When most people think of home inspections, they think of the Buyer’s home inspection. But at least in the Twin Cities, 14 municipalities have their own, Seller-required inspection. Navigating that labyrinth — at least for Edina Realty agents — is ordinarily a two-step process:  1) log on to Edina Realty’s “ProKit” software,...
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Countering — and Anticipating — Buyer Objections

Proactive Marketing:  Exhibit A “Directly behind the property line is a small condo building, not apartments, please let buyers know.” –Excerpt, “Agent Remarks” field on MLS “Nobody ever washed a rental car.” –Anonymous What is the listing agent for this Longfellow (Minneapolis) home up to?  (Note:  I showed the home a few weeks ago to...
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