Monetizing a Mother-in-Law Apartment (Maybe) Are Twin Cities homeowners renting out their homes and extra bedrooms on Airbnb? Undoubtedly. In their capacity as listing agent (representing the Seller), should Realtors be touting a home’s (short-term) rental potential? I’m not so sure. Municipal Zoning That’s because I have no idea what local zoning codes say about weekly or...Read More
Did Someone Say, “Is it Quitting Time?!?” When is a (very) quiet Friday afternoon, approaching Thanksgiving, not reflective of market conditions? When the local MLS is down (true since around 1 p.m.), and it’s not possible for Twin Cities Realtors to search for new listings, request showings, or do most of the things agents normally...Read More
Are the Numbers Padded? One of the statistics available to Edina Realty agents (and their clients) is how many people have saved a specific listing on EdinaRealty.com, the Twin Cities’ most popular real estate site. Especially when a home isn’t selling (or even getting showings), more than 6-8 saved searches is encouraging, and can indicate potential...Read More
Only 2 Ways to Wipe the Slate Clean on an Old(er) Listing Once upon a time, misbehaving kids in high school were told that, if they didn’t shape up, their misdeeds “would go on their ‘permanent record.'” Adults know that there’s no such thing (unless you count credit scores). But, there’s something very much like a...Read More
Sometimes, a Rose Rider is Just a Rose Rider In addition to following multiple Twin Cities neighborhoods for various clients, I also watch home sales near where I live (natch). So about 10 days ago, when the “Sold” rider** disappeared from the vacant “For Sale” home down the street, I assumed that the deal hiccupped...Read More
Stale vs. Fresh Data in a Fast-Moving Market Test your knowledge of residential real estate, and field this question: What is the best way to quickly find out the status of a “For Sale” home? A. Check Zillow or Trulia; B. Look on MLS (assuming you’re a Realtor); C. Look on Realtor.com; D. Request a...Read More
