Deciphering “Realtor-Speak” I’m sure I’m not the only listing agent out there who’s recently fielded some variation of the following query: “I’ve got an investor who might be interested in your client’s property. Would they be open to something like that?” For those who don’t know Realtor-speak, let me translate: ‘my client would be interested in buying...Read More
Coaching 1st-Time BuyersEveryone knows what Buyer’s remorse is: the feeling you get, after you’ve bought something, that you just made a horrible mistake. So, what is non-Buyer’s remorse? The feeling you get when you find out that the house you were furiously deliberating about buying, instead sold to someone else. I counsel first-time Buyers weighing...Read More
Real Estate Typo’s “Perfect for owner-occupant nor investors” (sic) –Excerpt from MLS-listed duplex It’s common for a duplex or other multi-family property listing to tout its appeal to either owner-occupants or investors. It’s much less common to see one that says it’s appropriate for . . . neither. P.S.: And this from today’s Star Tribune,...Read More
Pursuing a Short Sale? Better Be Patient One of the reasons that a “short sale” can be so protracted is all the decision makers involved. For those who aren’t familiar, a short sale is when a listed home is worth less than the mortgage against it. Rather than foreclose, the lender can often do better,...Read More
