Question #2: ‘Do They Come With the House?’ I’ve probably seen more than 50,000 exterior home shots (photos) on MLS in my decade selling real estate. But, I don’t believe I’ve previously seen one with people in it. Lots and lots of people. Looks like the Seller was having a party. Or, maybe the Seller is just...Read More
Estimating “Rental Turnaround Cost” “Normal Wear and Tear“: The inevitable physical decline of the condition of a property from time and usage. Normal wear-and-tear increases over the useful life of any property or asset. It results from normal usage by its occupants as well as from weather and other natural forces that surround it. Would-be...Read More
How Many Make a “Meteor Shower?” What’s a “housing market meteorite?” Like the celestial kind, they burst onto the scene in a brilliant flash of light; descend (in price) through the night sky (housing market) quickly; then just as quickly disappear (they’re sold). They often have these three additional attributes: One. They’re top-to-bottom (bottom-to-top?) rehab’s;...Read More
“The Plausibility Test” One of the biggest questions for Buyers interested in making an offer on a particular home is, “who else is interested?” (i.e., “do I have competition?”). Of course, the ultimate expression of interest is an actual, written offer; if the listing agent has received one (or more) — believe me, you’ll know. See, “Is...Read More
“Wait Till Next Year?” (10 Days From Now) Tic tac toe? Try, my success rate getting confirmed showings in Minnetonka so far this week. Normally, two hours advance notice — at least for properties that don’t have renters — is enough. This time of year, though, you never know. So, on Monday, only 3 out of...Read More
“Sold Rented, No More Showings” When is a rental property officially “spoken for,” and therefore off the market? A. When the prospective tenant signs the lease. B. When the landlord deposits their security deposit and first rent check. C. When the landlord completes the tenant’s background check, including credit history. D. When the tenant moves in. Answer: ...Read More
