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housing market

Downsizing Developers: ‘Stayin’ Alive’

Dave Alan Homes in Minneapolis’ Bryn Mawr Neighborhood Feel the city breakin’ And ev’rybody shakin’ And we’re stayin’ alive, stayin’ alive. Ah, ha, ha, ha, Stayin’ alive. Stayin’ alive. Ah, ha, ha, ha, Stayin’ alive. –lyrics, “Staying Alive” (The Bee Gees) How does a local home builder weather an epic downturn in new construction amid...
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Insult . . or Courtesy?

Realtor-to-Realtor Courtesy Normally, you’d think pointing out that someone tracked dirt through your home, or that a window was covered with a certain bird “souvenir,” would be an insult. When isn’t that the case? When a Realtor doing a preview or showing encounters those things, and lets the listing agent know. That’s especially the case...
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Real Estate Myth #37: Sunday Open Houses

“Open House Available For a Terrific Listing That Always Gets Great Traffic” One of the more durable myths out there is why Realtors do Sunday open houses: many clients (and prospective clients) seem to believe that the primary motivation isn’t to sell the client’s home, but for the hosting Realtor to troll for future business...
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Competing for Listings, or, "The Brother-in-Law Factor"

Blood is Thicker Than Water (in Real Estate, Too) I don’t imagine that, in medicine, a neurosurgeon who was being considered for a life-saving operation finds out that the patient chose another surgeon because . . . the patient’s wife and the other surgeon’s wife are best friends. But that kind of thing happens to...
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15 vs. 30 yr. Mortgages

Deciding Rationally — or Realistically I don’t usually advise clients which mortgage is best for them; that depends on their financial circumstances, time horizon, credit scores, etc. However, if clients ask, I will serve as a backstop for advice they’re getting elsewhere (like from their financial advisors). And I always encourage clients to get a...
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Home Sellers and Buyers’ Intentions

Hiding the Wrecking Ball Does it matter to the Seller if they know that their Buyer intends to do a “gut rehab?” (pretty much what it sounds like). Sometimes. There are certainly some home owners who are so psychologically identified with their home — and think that its condition and appearance are so perfect, just...
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