Politics isn’t the only field that has incumbents and challengers. Real estate does, too. The “incumbent Realtor” is the Realtor who helped the now-selling homeowner buy the home, however many years back; the challengers are all the other Realtors vying for the listing. Average Realtor “Career”: < 2 Years I’d guesstimate that something like one-third of...Read More
Key: Establishing Priorities It’s hard enough for a single Buyer to find a home that meets their needs, budget, taste, etc. How much harder does it become when a home has to satisfy two individuals’ (long) list of criteria? It depends on how much their lists overlap. Overlapping Circles At one extreme, there are couples...Read More
Trifecta of Turn-off’s We may be small, but we’re slow. –Cal Tech football slogan Want to assure that (practically) no Realtors show your property? Start out with a short sale, requiring the bank(s) holding the mortgage to voluntarily take a haircut — which they’re loathe to do. That means the already long odds of closing any deal these days suddenly got...Read More
Gauging Buyer, Seller Seriousness The eyes are the window to the soul. –New Testament Want to know if a home seller is serious about selling? They turn on all the lights before a showing. Want to know if the showing went well? The Buyer’s agent turns them all off afterwards (yes, they should anyways —...Read More
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...Read More
Peeking Under the Curtain Last Sunday I showed my clients five homes in the west suburbs that all met the profile of what they were looking for: within 20 minutes or so of downtown Minneapolis; around 3,500 FSF; at least 4 Bedrooms; a nice master Bath; price between $600k and $750k. So what? Only one...Read More