“Seller WILL Receive Feedback Directly” “You only find out who is swimming naked when the tide goes out.” –Warren Buffett The housing market equivalent of Buffett’s observation would be, “you only (especially?) find out who’s overpriced when the market shifts.” As local Realtors will tell you, the Twin Cities housing market experienced just such a shift over the Summer. From scarcity and...Read More
“Ten Showings, $10,000” — Updated Realtors have a saying: “ten showings, $10,000.” What that means is, if a home has been shown by 10 agents — each representing a serious, well-qualified Buyer — and it still hasn’t sold . . . it’s overpriced by at least $10,000. Of course, $10k presumes an average, $250k home....Read More
“We Can Always Drop the Price, Right?” Yes, But . . . Don’t leftovers come after Thanksgiving, not before? Not when it comes to the housing market. In my own neighborhood close to Minneapolis’ Cedar Lake, I’m aware of at least half a dozen very nice homes which came on the market as far back as...Read More
Narrow Lapels, Dated MLS Photos & “Winter” Stamps If you wait long enough, eventually, everything seems to come back in style. That’s true in real estate marketing: after conspicuously sticking out the last 5 months or so, there are actually a couple VERY stale MLS listings — featuring winter shots — that will actually look...Read More
Two Types of “Non-MLS” Listings Not every “For Sale” home is on MLS. That’s the case even if the home is being represented by a professional Realtor. Why would a homeowner who truly wants to sell not want to reach the broadest possible range of prospective Buyers (on MLS), and instead quietly market their home?...Read More
The “House-by-House, Block-by-Block” Housing Market Close-in, high demand area? Check. The home pictured above is in Minneapolis’ Bryn Mawr neighborhood, just west of downtown and northwest of the Lakes and Uptown. Affordable for first-time Buyers? Check. The $259,9k asking price is right in the middle of one of the housing market’s hottest price points. Nice...Read More
