Lots of Branches on Edina Realty’s (Corporate) Family Tree [Editor’s Note: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced.] “Membership has its privileges.” –American Express ad campaign Along with rolling out a new, national real estate brand (“Berkshire”), Edina Realty’s...Read More
Downsides: Traffic, Peer Pressure “Many residents say they glory in the excitement and attention. Some moved here to get in on the tradition. But life in a winter wonderland brings more than glad tidings for the neighbors, who must deal with high public expectations, traffic jams, a parking shortage, litter and nosy visitors.” –“It Can...Read More
Buyers: “What is the Seller Hiding??” Sellers don’t HAVE to incriminate themselves — make that, their homes — when they put their house on the market. At least in Minnesota, one of the sanctioned Seller’s Disclosure Alternatives is for the Seller to waive disclosing anything at all (the Buyer has to then agree to that)....Read More
CMA (“Comparative Market Analysis”) Math I just showed an Edina home to clients who expressed serious interest, and want to know when they can double back to see it again. Their inevitable next question for me: “what do you think it’s worth?” While every house is by definition unique, the key to estimating a home’s...Read More
When Bigger Isn’t Better Just like the discount for a one-car garage varies, so, too, does the discount for a home with no basement (at least in the Twin Cities housing market, where single family homes routinely come with — and Buyers expect — finished basements). The biggest variable driving the discount for no basement?...Read More
What Sellers Need: Patience . . . and Price Cuts Not every home on the 2700 block of Ewing Ave. South in Minneapolis is currently for sale. It just seems that way. In fact, on the west side of the street, there is now a stretch of eight homes where four are currently on the...Read More
