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Minneapolis blog

The Bad News About “I’ve Got Good News & Bad News”

Slim Silver Linings Call me a slow learner (at least on this one). But, I just figured out that — when someone says, “I’ve got some good news and I’ve got some bad news” — the bad news is always way worse than the good news is good. No? P.S.:  Good agents deliver good news...
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Seller Terms: “FHA Rehab 203k, Conventional, Conventional Rehab, Adj. Rate/Gr Payment, Cash”

MLS Shorthand for “Potential Tear-Down” Test your knowledge of today’s housing market, and field this question: How can you determine that a “For Sale” home on MLS is a potential tear-down? A.  The MLS photos show a home in decrepit condition — or, there are no photos. B. In the “Seller Terms” field on MLS,...
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Question: When is a 1.5 Story Not a 1.5 Story?

Answer:  When It’s Listed on MLS as a 2-Story I don’t come across it that often, but I do come across it:  a home listed on MLS that’s miscategorized for “Style.” Invariably, one of two things is going on:  1) an inexperienced agent didn’t know the difference; or 2) a very experienced knew exactly what...
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Marketing Gimmicks – Exhibit A, or, Guess What the Price Will Be Next Week??

$100 Off Weekly, Five Weeks in Row  [Editor’s note:  if the screen shot above is too hard to decipher, it shows a home that’s dropped $100 each of the last five weeks, from $475,000 to $474,900, then to $474,800, etc. The current price is $474,500.] If you added a zero (or two), you might actually...
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“What Loan Program is ‘The Bachelorette?!?'”

Realtor Humor (I think) Under the category, “you know you’re spending too much time at work — Realtor version”:  when a colleague mentions a new program called “The Bachelorette,” and you immediately think she’s referring to a loan program (if you didn’t know, there are hundreds of these, covering everyone from first-time buyers to veterans...
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Better Online Security? Think, Portals, Vaults, & Silos

New Document Distribution Model:  “Come & Get It” “Ransomware Attack Raises Concerns Over Future Assaults” –Headline, The NYT (June 28, 2017). Both professionally (as a Realtor) and as an investor (401k, etc.), it’s apparent to me how big organizations intend to safeguard valuable information from increasingly aggressive and sophisticated hackers. Step #1:  lock it up in...
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