He Who Adjusts Least Adjusts Best” When it comes to pricing a home off of Comp’s (“Comparable Sold Properties”), the trick is to minimize both the number and absolute magnitude of the adjustments. The ideal would be a condo identical to its peers in every respect ” floor plan, size, condition, location, market conditions, etc....Read More
Want the science art of doing Comp’s (“Comparable Sold Properties”) in a nutshell? It’s placing a given (“subject”) property on a continuum, between the home just below it in price, and the one immediately above. What could be simpler, right? “This and That” Ahhh, but which two homes are those ” and exactly how much...Read More
The Art of Comp Selection One of the trickier home features to account for in a Comparative Market Analysis (“CMA”) is a busy street. For a family with little kids, a busy street may very well be a deal breaker ” in which case the discount is theoretically infinite. At the other extreme, an investor looking...Read More
MLS Agent Remarks: “Listing Agent Must be Present for All Showings” Most listing agents ” myself included ” are usually not thrilled when a home-selling client insists that you be there for all first showings. For one thing, it’s an imposition on your time; for another, prospective Buyers and their agents can view it as...Read More
Good Luck Finding a Comp (“Comparable Sold Property”) Full disclosure: I haven’t shown the unit, have no firsthand knowledge of its features, and don’t know the Seller or their listing agent or broker. But, based solely on MLS photos and stats, I’m hard-pressed to think of another condo in Minneapolis — or anywhere in Minnesota...Read More
Practice Tips for Newer ” and Not-So-New ” Twin Cities Buyers’ Agents What does the Spring 2019 Parade of Homes ” set to start tomorrow (Saturday, March 2) in the Twin Cities ” have to do with passing out Realtor business cards? Just this: if a Buyer you’re working with goes through a Parade home...Read More
