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Buyer Need

Realtor Networking: “Downtown Condo up to $800k” . . . “Anything With > 3,000 FSF by the Lakes” . . . “Emergency Election” (Huh?!?)

I Thought Realtors Weren’t Supposed to Bring Up Politics Realtors “network” (share in-person and electronically) a variety of things: upcoming listings, Buyer needs, price reductions, etc. They also canvass their colleagues for good, reliable contractors — especially if they need someone ASAP. Which explains this email in my in-box earlier today: In need of an...
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Buyer Need (MY Buyer!!): Large Condo Near City Lakes, the Mississippi River (Downtown Minneapolis), or West ‘Burbs

Desired Spec’s:  Over 2,200 Finished Square Feet; Near City Lakes or Miss. River; Up to $900k — Nice View(s) a Plus! What:  large (over 2,200 finished square feet) condo with nice view(s); in very good condition (cosmetic updates only). Where:  Downtown Minneapolis (near River); City Lakes; or west ‘burbs (Edina, Wayzata, Minnetonka, St. Louis Park,...
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“Buyer Need” Bullseye? Not Quite . . .

“Check,” “Check,” “Check” . . . $%!&#! Scarcely 24 hours after pre-list networking my upcoming Plymouth listing (on Edina Realty’s proprietary “Network One”), I got a “hit” from a Buyer’s agent. Scanning the form summarizing the Buyer’s criteria, I quickly saw why:  their preferred area, price range, home size and style all closely matched my client’s home. So...
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(Too High?) Noise-to-Signal Ratio: the Downside of Pre-List Networking (at Least for Buyers’ Agents)

Two Minutes vs. Two Hours to Set Up Showings Here’s how a Buyer’s agent — at least in the Twin Cities — gets their client into an MLS-listed home: step #1:  logon to MLS. step #2:  enter the home’s address to find listing, then . . . . step #3:  use online form to request showing (typically one...
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Buyer’s Agent: ‘Need a lot/tear down up to $900,000 in East Edina’

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 —...
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“Needed: Inspector Available Before Tomorrow (Friday) Night”

Normally, agent networking is dominated by listing agents marketing upcoming listings; plugging a home on Broker Tour; and, occasionally, heralding a price reduction (“price improvement,” as agents like to say). Next most common is Buyers’ agents networking for any upcoming pre-lists that might be a fit for their clients. But, when you see a broadcast...
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