“Under the Radar” Deals Nine times out of ten, when Realtors refer to a “Comp,” they mean a “Comparable Sold Property” — what agents and appraisers alike rely on to establish fair market value for a given property. So, what’s a “COMP?” An acronym for “Came on Market Pending Sale.” The usual scenario is a private...Read More
Liking the House . . . But Not the Price What do Buyers today do when they like a home — but not the price? (ditto for their agents). They save the search on MLS. That way, they immediately know if/when there’s a price reduction. See, “Who’s Watching the Listing?” “The Ayes Eyes Have It”...Read More
Three Questions (“Good,” “Better,” “Best”), or “Highest and Best?” Not Exactly As a Buyer’s agent, doing a good job for a client competing for a home in multiple offers means giving them good advice. In turn, that means knowing “the lay of the land” — at least to the extent that the listing agent is...Read More
Benign (and Not So Benign) Explanations The benign explanation for why there’s a “For Sale” sign in front of a home, but it’s not formally listed on MLS, is that there’s a brief timing difference. The sign installation companies typically show up anywhere from 3-5 days after receiving an order, and can be behind schedule...Read More
Jewelry, Prescription Meds, Valuables . . . $1,500 Vases In the “hindsight is 20/20 department,” I’m sure that the Plymouth home Seller — and their agent! — certainly wish that that $1,500 Living Room vase had safely been put in storage before prospective Buyers showed up.* Instead, the listing agent got the unenviable task of...Read More
I’m Sure It Will All Be Melted By Then Anyone who wonders why the Minnesota Twins always start their season on the road need only look out their window this morning. If you’re not local . . . there’s a fresh 6-8 inches of snow on the ground. Good thing the purists prevailed and made...Read More
