Letting Buyers Off the Hook What do you do as a Buyer if you really like the first (or second) house you see, only to be told a couple hours after you went through that it’s in multiple offers, and that you have until 8 p.m. that night to make an offer? Scenario #2: you need a bigger house,...Read More
Just Don’t Call it a “Shadow Market” What: Cash Buyer looking for a 3 BR/2 BA Craftsman Bungalow near the Lakes with all the “goodies” :　 built-in’s + original character, updated Kitchen and Baths, 2-car garage; upper level Master BR. Linden Hills, Fulton, Kingfield, Bryn Mawr, Minikahda Vista all OK. Price: up to low $400’s....Read More
What’s That in Dog Years??* Some 60 year-olds act (and look) like they’re 45; others, like they’re 75. The same is true, kind of, for roofs. While a typical roof lasts 20-25 years, there are plenty of exceptions to that rule — at both extremes. Of course, it’s the roofs that wear out prematurely that concern...Read More
Lower Level Surprise In a 1 1/2 story South Minneapolis bungalow, you’d expect to find the Master Bedroom on the first floor, or — if the ceiling height allows — on the second. So, it was a surprise* to head down to the basement with clients today to find . . . what could easily...Read More
Twin Cities For Sale, Rental Markets It’s widely known that the annual Twin Cities housing market generally peaks March-April (the exception being 2005, when the peak was November(!)). At least anecdotally, however, it sure seems like that’s when the local rental market peaks, too. That’s based on what I’m seeing with my own clients, as...Read More
That Would be *Five(!) Price Reductions (If You’re Counting) First, two caveats: 1) the home that goes with the rather brutal chart (above) — spanning over 2 years of market time — wasn’t my listing (I prepared it as part of my listing presentation for a home down the street); 2) it’s from a...Read More
