Will the Backup House Sell in Time? In addition to the usual contingencies for Inspection and Financing, the Buyer making a Contingent offer for a house is adding a third, big one: that’ll they’ll be able to sell their current home — what Realtors call “the backup house” — within 60-90 days. In turn, the salability of...Read More
Overpriced Home as Buyer Bait? Maybe, Maybe Not [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.] I know many of my colleagues vigorously disagree with me — especially in a seller’s market with crazy-tight inventory like today’s —...Read More
Losing $100k(?) to Save $21k Rule #1 in real estate is that everything’s negotiable. Rule #2: there are times when it’s best to forget Rule #1, and preemptively take care of an issue before it threatens to torpedo a deal. That would certainly have been true in the case of a certain upper bracket Wayzata home...Read More
“No-No’s” for Would-Be Home Sellers, or “What’s the Opposite of an Achilles’ Heel?” My #1 piece of advice for would-be home sellers prepping for market this Spring (or any other time of year) is, “make everything consistent.” Which suggests this corollary: “don’t over-improve.” In fact, there are two kinds of over-improvements: 1) within the home; and...Read More
Falling Trees . . . & Home Prices “If a tree falls in the forest, and there’s no one around to hear it . . . does it make a sound?” –anonymous Twin Cities homeowners know the drill: each Fall, they need to turn off their outside water spigots; remove window screens; winterize (blow out)...Read More
Are the Numbers Padded? One of the statistics available to Edina Realty agents (and their clients) is how many people have saved a specific listing on EdinaRealty.com, the Twin Cities’ most popular real estate site. Especially when a home isn’t selling (or even getting showings), more than 6-8 saved searches is encouraging, and can indicate potential...Read More
