Edina Realty Takes on the Third Party Aggregators, Cont. If you’re joining the action “already in progress,” as it were, here’s what you missed: Edina Realty announced 10 days ago that it was pulling its listings from third-party aggregators such as Trulia. Then all Hell broke loose. See, “Edina Realty Steals a Page From Southwest Airlines, the...Read More
You Call That Easing Up? The “good” news? (good if you’re not selling your home, that is). According to Hennepin County, the value of my home dropped just over 7% the last year. The bad news? That 7% drop in assessed value translates into a measly .7% decrease in my already-hefty Minneapolis property taxes. See, “Minneapolis Property Tax Disconnect.” Yup,...Read More
Thanksgiving Lost and Found, or “Minnesota Wisconsin Nice” “Minnesota Nice” has a lot of detractors — especially amongst non-Minnesotans. However, the locals’ practice of behaving nicely and exuding warmth (however superficially) does have its redeeming qualities. Like when you’re traveling to the Twin Cities for Thanksgiving with a bunch of small kids and lose your iPad...Read More
“Here You Go, Arthur!” I’ve certainly heard wackier proposals. So, per Arthur Lee, the Selling agent on my listing at 1901 Fifth Ave. South in Minneapolis (closed this am!) comes this idea: once the Buyer removes their Inspection Contingency and the listing’s status is switched to “Pending” on MLS, the selling agent (representing the Buyer) should...Read More
Taking $50k, $75k — or More(!) Off the Last Asking Price Overpriced listings have a way of coming down to earth, and Buyers who can afford to be patient can often pick up the property at a (much) better price once the Seller has become more realistic. Of course, Buyers who wait risk that the Seller...Read More
Minneapolis Property Tax Disconnect Pop quiz: the annual property taxes on this Kenwood short sale — listed at $349,900 — are . . . A. $3,142 B. $4,475 C. $6,020 D. $13,983 Answer: “D.” Assuming that the eventual Buyer has good credit, is putting down 20%, AND the short sale is approved at the list...Read More
