“Thing One and Thing Two” There are actually two eye-catching things in the Family Room of this “For Sale” Minneapolis home (photo above). The first, very conspicuous item is the neon red couch (I actually like it – and like how the red accent pillows in the upper left continue the theme). Red, White(!) & Blue...Read More
Now, THAT’s a Deal! “An overpriced “For Sale” home depreciates in value faster than an appreciating housing market rises.” —Ross Kaplan, first law of real estate; “Market Appreciation vs. Home Depreciation” (10/23/2013) Here’s a news flash for at least some prospective home Sellers: even in a Seller’s market like today’s, not everything sells right away,...Read More
That Would be *Five(!) Price Reductions (If You’re Counting) First, two caveats: 1) the home that goes with the rather brutal chart (above) — spanning over 2 years of market time — wasn’t my listing (I prepared it as part of my listing presentation for a home down the street); 2) it’s from a...Read More
The Discount for “Stale?” A Lot. It’s only anecdotal, but it sure seems to me — and many other veteran Realtors — that “For Sale” homes today fall into one of two categories: 1) homes that hit the market well-prepped, well-priced, and with a lot of marketing fanfare — and sell in a few weeks; and...Read More
Seller Motivation (and Lack Thereof)Does “not needing to sell” make your house worth more? At least some Sellers seem to think so. Put it this way: You seldom hear a Buyer, in the middle of a negotiation, say, “You know, we don’t NEED to buy.” Yet Sellers, on the other side of the same negotiation,...Read More
