Possible Scenarios and Intriguing Permutations Although there are ways to minimize the risk — and each situation is unique — there are times when a home that’s under contract doesn’t appraise. What then? Assuming that the standard Minnesota Financing Contingency Addendum applies, there are two main possibilities: One. The Buyer’s financing contingency fails, and the...Read More
“Beautiful and Well-Appointed” — Realtor Definition In a typical day, I receive anywhere from 50 to 150 emails. Software filters notwithstanding, at least 20 or 30 are guaranteed to be spam. Like this one, with the subject header, “I want to talk,” and including a link that I’m sure isn’t to Disney or Nickelodeon: “Hi!...Read More
High Washout Factor “Writing a check separates a commitment from a conversation.” –Warren Buffett One of the things good listing agents do is keep track of anyone the homeowner’s already aware of, who’s expressed interest in buying their home. Even if such prospects ultimately decide not to do anything, the more early interest in the home,...Read More
What Passes For Hyperbole Large Home in FANTASTIC Neighborhood! LOCATION!!!! Great 2 Story Home ALL 4 Bdr. upper Level! Lot Line boarders gorgeous park!! –Agent Remarks, MLS Is using lots(!!) of exclamation marks and EXCESSIVE AMOUNTS OF LOUD TYPE good marketing?!? You tell me. . . . P.S.: “bordering” a park is a good thing. ...Read More
Master of My Own Domain “I am so very happy to read your blog. I really enjoyed it! Thank you for sharing your idea. Keep up the good work.” –Bob at www.Miami_Condos_Cheap.com For any Seinfeld fans reading this blog, I don’t mean that the way they meant it. I mean, I’m literally the master of...Read More
No, it’s not what I put in the showing feedback I sent the listing agent. But, I just showed a (very) dated Minnetonka townhome that suffered from what I’ll call “the 3 Deadly ‘L’s”: —Laminate countertops; —Linoleum floors; —And Lots of it . . . And while it’s certainly possible to discount the price sufficiently to...Read More
