As expectant high school seniors (and their anxious parents) know all too well this time of year, colleges have waiting lists. But so, too, does residential real estate. They’re called “backup offers.” First in Line Such offers are increasingly popular in a screaming Seller’s market, for several reasons. For Sellers, a backup offer ensures that...Read More
Ideal closing date would be June 2 with 24 hour possession.” –“Agent Remarks” field for a new listing on MLS (April 9, 2021). Put it this way: at the depths of the Housing Bust (actually, a double-bottom) more than a decade ago, Sellers were thrilled simply to get an offer. Never mind a good one,...Read More
Ten Days on the Market? Or One?!? The housing market this Spring — at least for some kinds of homes, in some Twin Cities neighborhoods — is even hotter and faster than most people realize. That’s because a key MLS statistic that purports to track market time in fact significantly overstates how long a particular...Read More
