Chaperoned Showings: “Listing Agent Must Be Present For All Showings” It certainly CAN be a negative when a “For Sale” home — usually upper bracket — has restrictive showing instructions (other variants: lengthy advance notice; financially pre-qualifying Buyers; no previews; and/or no public open houses — ever). It’s also usually a “no-no” for a listing agent...Read More
“Showing 1.5” What’s a “1.5 showing?” When one partner in a couple has seen the house and likes it, and gives their partner a green light to take a look. Rules & Exceptions As a general rule, Realtors acting as a Buyer’s agent prefer that both (all**) decision-makers be present at all showings. That’s not only...Read More
Edina New Home Prices Approach $3 Million(!) Want to know what the price ceiling for a new Edina home is today (at least, in white-hot East Edina)? Traditionally, land accounts for 25% to 33% of the total cost of a home, including the land. If the Buyer has a $900k budget for just the land —...Read More
Keys, Keys, Keys I don’t recall ever being confronted with 3(!) deadbolt locks before — the case at an Edina duplex I showed earlier this week. Figuring out which one worked is just one of the challenges that Buyers’ agents face. First, they need to pop open the lockbox that contains all those keys. Step...Read More
“Actions > Words Dept.” How do you know, as a listing agent (representing the Seller), that a Buyer has serious interest? A. They gushed about how much they loved the home at the Sunday open house. B. They asked the listing agent to find out how quickly the Seller can close. C. The showing feedback...Read More
Saving 2.7% of $0 Contrary to popular perception, not all “For Sale by Owner” homes (“FBO’s”) are created equal. Perhaps the biggest misconception is that FSBO sellers are trying to avoid paying any commission. Wrong. The vast majority are only trying to save half a commission — specifically, the portion payable to the agent representing...Read More
