Where: 2825 Monterey Parkway in the heart of St. Louis Park’s Fern Hill neighborhood (less than one mile west of Cedar Lake). What: Gracious two-story walkout with 5 Bedrooms, 4 Baths, and 2,800 finished square feet on a gorgeous .38 acre lot backing up to Fern Hill Park. When**: listed Tuesday; in multiple offers, “highest...Read More
Highest & Best Due When?!? What’s the giveaway that the listing agent who sent the email above Saturday morning is likely a newbie — or, at least, not so experienced handling multiple offers? The 10 a.m. Sunday deadline. Given that the Edina home just debuted on the market Friday, that means Buyers (and their agents)...Read More
Gargantuan State + Local Tax Incentives = Pyrrhic Victory for “Winning” Bidder “Amazon Narrows Down List for HQ2 to 20 Cities” —Headline, Bloomberg.com (1/18/2018). Anyone hearing the news that Amazon had “narrowed” the list of contenders down to 20 cities might properly comment, “Good Lord! How many cities were on the original list??” (answer: 238). While...Read More
“What You’re OK With If You Get It . . . . & What You’re OK With If You Don’t” In my 15+ years selling residential real estate, perhaps the most fraught question I’ve fielded from clients has to do with multiple offers. Specifically, it’s stressed Buyers beseeching me, “What the $%#@! do I offer?”...Read More
The Consequences of “Highest & Best” in Multiple Offers, or, “Woulda Coulda Shoulda” With tight inventory and the prospect of multiple offers returning to various Twin Cities neighborhoods, it’s a certainty that at least one local home Buyer this Spring — upon hearing they came up short in multiple offers — will protest, “But, I...Read More
