Softened-Up Sellers Do lowball offers ever work? Absolutely — just not in the way most would-be lowballers might expect. Instead of stealing the property from the Seller at a fire sale price, more often than not what they really serve to do is soften up the Seller for an offer from another Buyer. White Gray...Read More
What’s Behind It? The Edina Realty – City Lakes front desk is reporting a bump in walk-in traffic the last few weeks. A “walk-in” is exactly that: someone who walks in off the street and needs a Realtor to help them buy or sell a house — preferably both. If it were a bit later into the Spring...Read More
Higher Price = Longer Market Time It’s no secret that there are lots of upper bracket homes currently for sale in the Twin Cities. Depending on your definition of “upper bracket” (mine is over $850k or so) and which part of town you’re talking about, the current supply of such homes ranges anywhere from 12 to...Read More
Cheaper by the Dozen? Nope If you buy four tires, you usually get a better deal than if you buy one. Ditto for volume purchases of airline tickets, car washes, bagels — you name it. So, why don’t Realtors give “repeat customer” discounts? Because there are no economies of scale in residential real estate. No...Read More
Golden Valley Best Buy Where: 1340 Fairlawn Way, in Golden Valley’s South Tyrol Hills neighborhood When: 1 – 3 p.m. this Sunday (Feb. 20). How (much): $343,000 — $87k(!) below tax assessed value (2010). What: Sprawling 4 Bedroom, 3 Bath Split-Entry with almost 3,600 finished square feet. Who: listed by Ross Kaplan, Edina Realty City...Read More
Neighborhood Shortcuts Every Realtor has their favorite stock questions to ask homeowners so as to best market their home. My list includes: –“What do you like best about living in this neighborhood?” –“How many kids are nearby, and which school(s) do they go to?” –“Where do you go for groceries?” Debriefing Sellers In addition to the above,...Read More
