Question: How Fast (or Slow) is the Housing Market? “Absorption rate”: the rate at which available homes are sold in a specific real estate market during a given time period. It is calculated by dividing the average number of sales per month by the total number of available homes. –Investopedia.com Assuming the standard definition of...Read More
“Ball & Chain” vs. Source of Stability/Emotional Support A “contronym” is word that is its own antonym. Examples include the word “left” (“the gentlemen have left and the ladies are left”); and “off” (“to turn off,” but also “activate,” as in “the alarm went off”). So, what do you call a symbol — like an anchor —...Read More
Deal Breaker? “You ‘Betcha!” “Garage Door Height” is a relatively new field on MLS — my recollection is that it only goes back 2-3 years. Frankly, I’d always been puzzled why anyone cared. “NOW I Get it” Not anymore. Combine the “super-sizing” of pickup trucks the last few years; older housing stock (typically, in Minneapolis, St....Read More
Failing to Get a Signed Buyer Rep(resentation) Agreement What do parachuting and Buyer Rep contracts have in common? I learned from my one time parachuting, over 30(!) years ago (I knew the experience would prove to be useful in later life), that parachute fatalities actually fall into two groups. Unceremoniously referred to as “bouncing,” the...Read More
Where: 9800 Ford Circle just southwest of 394 and 169. What: 3 Bedroom Rambler (all on one level) with private backyard on a cul-de-sac. How much: $235,000. When: 1:30 to 3:30 p.m. this Sunday (11/5). Who: hosted (and listed) by Ross Kaplan, Edina Realty — City Lakes. You’ll love this meticulously cared-for ’50’s rambler on a...Read More
Making the Same Arguments, But Shuffling the Order [Editor’s Note: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway (“Berkshire”), or any other entity referenced. Edina Realty is a subsidiary of Berkshire.] Connoisseurs of legal strategies — specifically, the “it’s not my dog” defense — can be...Read More
