Guilt By Association When agents see a listing ” in mid-January, in Minnesota ” with leafy trees and a bright, green lawn, their knee-jerk response isn’t to say to themselves, “My, what gorgeous landscaping.” It’s to click on “History” on MLS to see how long the home’s been on the market ” and find out how many...Read More
Distinction Without With a Difference: “A,i” vs. “P” Once a “For Sale” home is under contract, Sellers are required to tell prospective Buyers (and their agents) of that fact. Otherwise, Buyers who view the home and write an offer — only to be told it’s already sold — tend to get upset! (and do things...Read More
“New on Market July 1” Supposedly, the only month in which there’s no recorded snow anywhere in Minnesota is July (and I’m not so sure about that). So, it’s obvious that this Craftsman-style Bungalow (above) in Minneapolis’ Kenwood neighborhood didn’t really just debut on the market this week. In fact, according to MLS, the home’s Cumulative...Read More
Guilt By Association When agents see a listing — on February 14, in Minnesota — with leafy trees and a bright, green lawn (like the one above), their knee-jerk response isn’t to say to themselves, “My, what gorgeous landscaping.” It’s to click on “History” on MLS to see how long the home’s been on the market —...Read More
Smoking Guns & Yellow Flags I think it’s fair to say that — as a rule — compared to “laymen,” Realtors put much less stock in things like Seller motivation; historical information like what the owner paid (unless it raises the prospect of a short sale); and even representations (or lack thereof) in the Seller’s Disclosure....Read More
Yellow Flag: ‘Pending’ Back to ‘Active.’ Fools rush in where angels fear to tread. –Alexander Pope To get their arms around a listing, especially when they have a Buyer in the wings, veteran agents like to poke through the home’s MLS history. How long has the home been on the market? How many price reductions...Read More
