Flying (& Mountain Climbing) Metaphors Pilots in turbulent weather will frequently announce to their passengers that they’re “climbing to 40,000 feet” or “descending to 30,000 feet” in search of a smoother ride. As a Buyer’s agent, I will point out to clients if moving up (or down) a rung in price makes sense (cents?). That...Read More
Someone who’s interested in this house ” and isn’t afraid it will sell first ” might plausibly sit tight a few more weeks (days??), and see how much lower the Seller will go. —City Lakes Real Estate Blog (June 9, 2012) In a post last week, I noted the aggressive pattern of price reductions (below) on...Read More
Lake Harriet Stunner Buying a gallon of milk isn’t an emotional experience (unless, perhaps, you shop at Whole Foods). Buying a home is. I can’t think of anything more emotional (or dramatic) than a beautiful home photographed at dusk, like the one above just off Minneapolis’ Lake Harriet. I’m showing it to clients later today...Read More
“If at First You Don’t Succeed . . . “ Maybe they’ll try again. That’s my reaction to the news that North Dakota voters overwhelmingly rejected a constitutional amendment yesterday that would have eliminated that state’s property tax. To be fair, energy-rich (and financially flush) North Dakota is in a better position than most states...Read More
I can’t say that I’ve stumbled across very many memorable Realtor captions on MLS. Which is actually a shame, because — when you consider that MLS allows 18 photos per listing, with space below each for additional verbiage — it represents a stealth marketing opportunity. But, I did like the one accompanying the photo above, titled...Read More
Appraisal Version of “Garbage In, Garbage Out” Homes under contract that don’t appraise have been a big issue in the Twin Cities housing market all Spring. See also, Jim Buchta’s “Low Home Appraisals Hold Down Area Values” in this past weekend’s Star Tribune. What is the most common reason? A. Multiple offers drove the price...Read More
