Conduit vs. Filter One of the subtlest yet most important judgments Realtors regularly make is, “when do they tell their client about a deal development or given piece of news?” The short answer? It depends. Specifically, it depends on three things: 1) the news; 2) the client; and 3) the Realtor. So, rookie Realtors tend to act...Read More
Identifying “Runners-Up” Buyers If you’ve been reading real estate blogs lately — this one and others — no doubt you’ve seen more discussion of multiple offers. That’s because, in a market with much lower inventory, we Realtors are seeing a lot more of them these days. In that vein, this post is about the pros and...Read More
It Takes Two to Tango Do a Deal SOUTHWEST MNNEAPOLIS 2+ Beds, 2 Baths, 1,300+ sq. ft. Swanky Modern or Mid-Century Modern Joseph Arcand: 612-821-4232 –Excerpt, Edina Realty ad; Southwest Journal (February 20 – March 4, 2012) What do you do in a Twin Cities housing market characterized by falling inventory, and frustrated Buyers who...Read More
Duty to Disclose, Duty to Update If you’re not actively in the housing market, the following subject ain’t for you. And even if you are, it’s technical (= dry = boring). So, read on at your own peril. Still with me? Here goes: One of the most important-yet-subtle obligations in residential real estate is the duty...Read More
Potential Short Sale? Not if it Sells for ≥ 10% Over Market If you have been in a cave (or simply aren’t up on the housing market), a “short sale” is when a homeowner owes more on their mortgage than the home is worth (called “being underwater”), and to sell, must get the bank to accept...Read More
2011 Flashback Hard to believe, after a Twin Cities Winter with practically no snow and temp’s consistently above freezing, that Winter last year was the real thing (the photos of this St. Louis Park home would be Exhibit A). Hardcore skiers and skaters are bummed, but most Minnesotans I know (myself included) feel like we’ve...Read More
