Different Homes, Different Buyers It may seem counter-intuitive, but just because two “For Sale” homes share the same block and are listed for the same price, doesn’t necessarily mean they’re direct competitors. In fact, I can think of at least two scenarios where there’s virtually no overlap in the pool of prospective Buyers considering both...Read More
It may seem counter-intuitive, but just because two “For Sale” homes share the same block, are listed for the same price, and are the same size (have the same finished square feet), doesn’t necessarily mean they’re direct competitors. In fact, I can think of two scenarios where there’s virtually no overlap in the pool of...Read More
So THAT’S Why It’s Been For Sale Forever (Maybe) As I tell clients, the “good stuff” on MLS is invariably buried in the “Agent Remarks” field — which consumers can’t see — rather than the “Public Remarks” field, which they can. Even so, I can’t previously recall a listing agent trying to defuse a VERY...Read More
“Nobody Ever Washed a Rental Car” — Home Inspection Edition Normally, the condition of such things as TV satellite dishes, security systems, and water softeners is very important to home Buyers doing their inspection. After all, if they don’t work, post-closing, it’s the Buyer-now-Owner who’s on the hook.* So, what is the one exception to that? When...Read More
Three Bathrooms? Or 1.75? I just previewed a Golden Valley home for out-of-town clients, and now understand why the home — which appears well-priced and is located in a “demand” neighborhood — has been sitting on the market since last Fall, at ever-lower prices. Strike #1 was the number of Bathrooms. According to MLS —...Read More
How to Decipher the Condition of a Foreclosure (at Least in St. Louis Park) Without Actually Going Inside “Sold As Is. Great rambler in the most desired SLP location, minutes to Uptown, Southdale, shopping, etc. Needs work. Highest and best due by Friday October 11th at noon. As Is Addendum required. See supps, escrow required by...Read More
