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
“What’s Up With All Those Colored Flags in the Front Lawn??” When the home pictured above closed six weeks ago for $447,500, everyone’s assumption (including mine) was that the Buyer was going to do extensive updating. After all, the home — located on Basswood Road just two blocks west of Cedar Lake, in St. Louis...Read More
Where: 4241 Basswood Rd. (Fern Hill neighborhood in St. Louis Park)Asking Price: $699,900Sold Price: $670,000Tax Value: $731,000Key Stat’s: 3 BR/3BA; 4,300 FSFMarket Time: one day (12/31/2008) “The reason dolphins have a reputation for saving drowning swimmers is that you never hear from the ones they push out to sea.”–Anonymous There’s no question that the housing...Read More
