65 Showings, 10(!) Offers What kind of Twin Cities home attracts 65 showings — and no less than 10(!) offers — in less than 3 days on the market? Homes like this one. The 3 BR/2 Bath walkout rambler located at 708 NE 118th Ave. debuted on the market last Friday at a list price of $149,900, and was officially...Read More
When the (Earnest Money) Check ISN’T in the Mail Normally, the Buyer’s earnest money check is due as soon as the Buyer and Seller have entered into a valid Purchase Agreement. However, I just handled a deal where the Buyer’s offer stipulated that the earnest money wasn’t due until after the Inspection Contingency had been...Read More
Hearing it From Seller > Hearing it From Neighbors As advice to home Sellers regarding disclosure goes, it’s hard to beat, “tell what you know.” The other standard caution to Sellers is, “it’s not what you think is relevant, it’s what Buyers think [is relevant].” But, there’s an even more practical test. “Meet the Neighbors”...Read More
Hey! Where’s the Garage?!? While not as common in Minnesota as, say, California and Florida, I do recall seeing Twin Cities homes with car ports. It’s just that they usually supplement (rather than replace) a garage. Much less common: a car port underneath the home, that leads to the detached garage in back (photo above)....Read More
Advice to Buyers Competing For a Home in Multiple Offers When most people hear the word “indifferent,” they immediately think, “apathetic,” “doesn’t care,” or perhaps, “not engaged in the outcome.” But the truth is — especially in business — someone who’s indifferent between two outcomes can be intensely interested in which one occurs. It’s just...Read More
Normally, agent networking is dominated by listing agents marketing upcoming listings; plugging a home on Broker Tour; and, occasionally, heralding a price reduction (“price improvement,” as agents like to say). Next most common is Buyers’ agents networking for any upcoming pre-lists that might be a fit for their clients. But, when you see a broadcast...Read More
