Real Estate’s “Heisenberg Uncertainty Principle” The observer influences the thing observed. –Heisenberg uncertainty principle It seems self-explanatory, but as a principle, I don’t price other Realtors’ listings. The issue usually comes up when I do a listing presentation — essentially, a job interview for Realtors. In the course of interviewing Realtors, homeowners (and prospective Sellers)...Read More
I Guess That Qualifies as Feedback I was wondering what was up with an agent who showed a couple of my listings near Cedar Lake in Minneapolis in the span of a few days last week. The feedback was quick and generic, and there was no follow-up interest. The “mystery” was cleared up this morning...Read More
“Active’s” Loom Larger in Pricing Decisions Realtors and Appraisers alike rely on “Comp’s” — comparable sold properties — to estimate fair market value for any given home. By definition, a Comp is similar in style, condition, and size as the “subject property” (the one you’re trying to price); is physically nearby; and has sold in...Read More
“Sold, Subject to Inspection” — Explained Upper bracket Twin Cities homes may not be moving quickly (if at all), but the pace of sales for more affordable housing — say, under $300k — is surprisingly brisk. Accordingly, more would-be Buyers are being told that the home that they just asked to see is already “sold,...Read More
Q: When is a “new list” not new?A: When it’s a re-list “‘Insanity’ is doing the same thing over and over again and expecting different results.”–Albert Einstein January in Minnesota is about snow, subtly lengthening days (finally!), and — to Realtors — re-lists. Lots and lots of re-lists, especially this year. If you’re not familiar...Read More
Linden Hills Charm Looking for a character-filled home near Lake Calhoun that’s perfect for a professional couple or family with small kids? Come by my open house at 3929 Washburn Ave. in South Minneapolis this Sunday (1/25/09) from 2-4 p.m. Highlights include: 4 Bedrooms, 2 Baths and over 2,200 finished square feet; a hillside setting...Read More
