Quality vs. Quantity What’s the difference between a “retail” Realtor price opinion and a “wholesale” price opinion? (my terms) With the former, the listing agent casts a much broader net, issuing a blanket invitation to, say, all their office colleagues to view the home at a particular time. The catch? In practice, the Realtors who...Read More
Want to Be Ready for Spring, 2012? Start Now One of the questions that can come up when you list a home that needs significant updating is, “If we buy this home and put $50k — or $250k — into it, will we overshoot values on the block?” Fortunately, when a $1 million-plus new...Read More
Edina Realty Pulls the Plug on Trulia.com, Other “Third Party Aggregators” In a post earlier this Fall (“Selling Realtors’ Listings Back to Them“), I discussed the dubious practice of Trulia.com and other so-called “Third Party Aggregators” of vacuuming up all the listings in a market, then charging the listing agents (representing Sellers) a fee if...Read More
One of the trickier — yet crucial — set of deadlines in a housing transaction involves the Buyer’s Inspection Contingency. At least in Minnesota, it consists of the following three intervals: 1) how long the Buyer has to perform the inspection; 2) how long thereafter they have to deliver — in writing — any issues...Read More
My first thought looking at the photo above on MLS? That’s one deep lot. Thought #2: maybe it’s just flattering photography. To find out, I looked up the property tax records. Winner? Theory #1. According to Hennepin County, the home (just Southeast of Minneapolis’ Cedar Lake) sits on an exceptionally deep 300 foot lot (an average city...Read More
Lack of Supply = Higher Prices? Fellow Edina Realty agent (and blogger) Aaron Dickinson has a nice post shining a spotlight on a lightly heralded, not-so-overnight housing market development: the lack of Twin Cities homes for sale. In fact, as Aaron notes, the number of homes on the market locally in October — just over 21,000...Read More
