Informed vs. Uninformed Feedback “Pot shot”: a critical remark made in a random or sporadic manner. –Merriam-Webster Dictionary As I’ve blogged previously, experienced Realtors usually welcome feedback from other Realtors (even if they can and should anticipate what it’s going to be). Ultimately, of course, that feedback is shared with the homeowner/client. Even when a...Read More
Adding (Feedback) Insult to Injury [Editor’s Note: thanks to fellow City Lakes agent Sheri Fine for serving as a sounding board on this post.] Is a vacant home “poorly staged?” Judging by how most Buyer’s agents complete showing feedback forms, the answer would be “yes.” But they’re wrong. In fact, a vacant home isn’t staged...Read More
The Real Purpose of Showing Feedback For the uninitiated, every time a Buyer’s Agent takes a client through a property, they subsequently receive an online feedback form debriefing them on how it went. Once upon a time — like two years ago — they all basically asked the same thing(s): ‘tell us whether your client...Read More
How Big a Price Reduction? If an otherwise well-staged, well-marketed home isn’t selling after a reasonable interval on the market, a price reduction is invariably indicated. How big? It all depends on how overpriced the home appears to be. Toss Out the CMA Once a home is actually on the market, interest from prospective Buyers...Read More
“Minnesota Nice” for Non-Minnesotans For non-Minnesotans reading this blog, first a definition: “Minnesota Nice” refers to the locals’ custom of being preternaturally pleasant on the surface . . . and seeming to be chilly and unavailable just below. Non-natives, especially from bigger cities (like New York) invariably find the practice off-putting if not outright annoying;...Read More
“Dating,” “Going Steady,” & “Engaged” If you’re a homeowner whose house is on the market, here’s a quick way to characterize your relationship with your (listing) agent: Less than 3 months on the market: Dating3-6 months on the market: Going Steady6-12 months on the market: EngagedOver 1 year on the market: Married Unlike in real...Read More
