Overheated Housing Market Prompts MLS Rule Changes [Note to Readers: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced. If you need legal advice, please consult an attorney.] Combine an overheated housing market with seemingly zero inventory, rampant multiple offers, and...Read More
Explaining the Ghost “For Sale” Sign (Online, at least) Thanks to quirky (at least to me) MLS rules, home photos can’t include broker names or any other marketing information. Usually that’s not a problem, because the Realtor-ordered photos are taken before the “For Sale” sign is installed. Ahh, but when that’s not the case, to...Read More
Explaining the Ghost “For Sale” Sign Thanks to quirky (at least to me) MLS rules, home photos can’t include broker names or any other marketing information. Usually that’s not a problem, because the Realtor-ordered photos are taken before the “For Sale” sign is installed. Ahh, but when that’s not the case, to avoid an MLS...Read More
Updating Showing Instructions on MLS It’s not required by MLS. And the property isn’t in multiples — at least not until Buyer #2 shows up. But, in my experience, it’s smart to update the showing instructions for a listing to advise Buyers’ agents that an offer is being negotiated. I see two advantages, in fact: 1)...Read More
Showing a Home Without Permission Showing a home without permission is a big MLS no-no: any Realtor caught doing it is automatically on the hook for a $1,000 fine. But the operative word is “caught.” Unless the homeowner happens to be home, it’s one of those transgressions that you’d guess frequently goes undetected. And even...Read More
