16 Days on Market? Or 6? I lasted posted about 5800 Dale Ave. in Edina at the beginning of the month, just after it debuted on the market, and before the first Sunday open house on Nov. 6. What happened next? Thanks to my client’s exhaustive prep, the right price, and aggressive marketing (including a...Read More
Market Appreciation vs. Home Depreciation “In all cases in which work is produced by the agency of heat, a quantity of heat is consumed which is proportional to the work done.” –Rudolf Clausius, first law of thermodynamics “An overpriced, “For Sale” home depreciates in value faster than an appreciating housing market rises.” –Ross Kaplan, first...Read More
Barring the Door . . . to Everyone; 2 Pro’s — & (at Least) 1 Big Con Once upon a time, homes that were under contract, but not yet past inspection, were flagged on MLS with the suffix, “Sold, subject to inspection” (“SSI” for short). Then, that got truncated to just “i” — as in...Read More
How to Tell if a Seller (or at Least Their Agent) is Around in Late December Just because a house isn’t officially “TNAS” (“Temporarily Not Available for Showing”) doesn’t mean that the owner is around — and available to do a deal, if the Buyer likes the house and wants to make an offer. In...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
New Listing — Or Is It?? Would-be home Sellers who pulled their listing over the holidays typically wait for two things: 1) for the post-holiday period to pass, usually a few weeks into the New Year; and 2) mild weather (defined as mid-teen’s or higher in Minnesota in January). The last few days qualify, which...Read More