How Motivated is the Seller Really? “When the student is ready, the teacher will appear.” –Zen saying “When a listed home is priced right — and well-prepped, photographed, marketed, etc. — the Buyer will appear.” –Ross Kaplan One of the most common lines listing agents (representing Sellers) hear from their clients — particularly when their...Read More
Actually, “Just Pended!” Where: 4230 Cedarwood Rd. just west of Cedar Lake. What: 4 BR/3 Bath ivy-covered Split-Level on a gorgeous .52 acre lot. How much: listed for $849,900. When: on the market May 25; scheduled to close June 29. Who: Seller represented by Kim Pease and Marcy Libby of Coldwell Banker Burnet; Buyer represented...Read More
Sellers Who “Fall on Their Sword” (or, Did They??) Even in a Seller’s market, not all homes are destined to sell in multiple offers — or at all. When that’s the case, assuming the Seller is genuinely motivated to sell, and the home is already optimally prepped, staged, marketed, etc., a price reduction is indicated....Read More
Pre-List Networking Caveats & Catches In a super-tight, super fast Twin Cities housing market — at least at lower price rungs — aggressive, proactive Buyers’ agents are increasingly turning to pre-list networking to find ideas for their frustrated clients. The catch? Actually, there are three: One. Price. Especially in a rising market, at least a few...Read More
Location x 3 Test your knowledge of the Twin Cities housing market, and guess how much this 2,400 square foot, 1 1/2 story home is listed for: A. $219,900 B. $339,900 C. $409,900 D. $649,900 Answer: “D.” The explanation? The home is located in white-hot East Edina, on a street where empty lots are selling for over...Read More
Projected List Price: $500k . . or $800k” Agents at a recent Realtor meeting got a chuckle listening to a colleague do some pre-list marketing for an upcoming property. Projected list price: “$500k — or $800k.” Umm . . . huh?!? It turns out the home needs significant updating, and the owner is trying to...Read More
