It’s not exactly like the home team batting second in baseball, but there is something analogous to “home field advantage” in residential real estate. Namely, by convention, the Buyer gets to choose the location of closing (typically, at the office of the title company they’re using). That fact was . . . uhhh, driven home...Read More
There Oughta Be a Word For That What do you call all the things outside a home — like concrete steps, pavers, custom handrails, retaining walls, etc. — that don’t quite qualify as “landscaping?” “Flatwork.” Thanks to Lisa Meyer, Edina Realty’s Roseville Office Manager, for solving that one.Read More
You Read it Here — and Here, and Here — First “Stunned Home Buyers Find the Bidding Wars Are Back” —Wall Street Journal (April 27, 2012) So, more than 2/3 of the way into the Spring housing market, The Wall Street Journal is running a story, today, about the reappearance of multiple offers. Contrast that...Read More
That’s One Helluva Price Reduction $83 million-plus price reductions — at least in the Twin Cities — do tend to catch your eye. The obvious explanation in this case (for a condo in the former Whitney Hotel along the Mississippi)? Data entry error. The correct — and MUCH lower asking price — popped up on MLS about...Read More
Generic Answer: ‘It’s None of Your Business!’ First, a confession: when I’m swamped — as I am now — promptly turning around listing agents’ “showing feedback forms” is not my highest priority. Taking care of clients is. That said, “customized” feedback forms which pose open-ended questions — and lots of them — certainly don’t help matters...Read More
5652 Woodcrest Drive in Edina At least a few would-be Buyers of well-priced, $1 million-plus homes in mint condition in East Edina are scouring the housing market with a little more urgency today. Why? Because 5652 Woodcrest Drive in Edina’s Colonial Grove neighborhood — a home exactly described by the above profile — just sold in multiple offers....Read More
