Man Bites Dog — Real Estate Edition; or How Big is Too Big?* First, a stipulation: in my experience selling residential real estate in Minnesota for over a decade, something like 95% of the time a listed property’s square feet on MLS is accurate to within a few percentage points, max, of the actual square feet....Read More
See If You Can Spot the Two (Very) Subtle Clues in the Picture (Above) One of the BIG issues with 1.5 story expansions with two Bathrooms is, “exactly where are they?” Or more specifically, where is the second Bathroom? (the first one is almost always on the main floor). Master Bath or Basement Bath More...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
Man Bites Dog — Real Estate Edition The vast majority of the time — like 99% — when real estate statistics are off, they’re off on the, shally we say . . . “embellished” side.* So, the 1 1/2 story is billed as a 2 story, the 1,800 square foot home is billed as 2,000,...Read More
From 16,000 Houses Down to . . . a Dozen or So “Before you’re addicted to heroin, you have lots of worries; after you’re addicted . . . you just have one.” –George Carlin on the “virtue” of being a heroin addict. “I’m not in favor of abolishing the government. I just want to shrink it...Read More
Difference Without a Distinction? The most recent MLS tweak is a change to how market time is reported. Previously, the acronym was “CDOM,” for Cumulative Days on Market; it reflected how long a given property was on the market since listing. Shouldn’t That Be “DOMP??” MLS still shows “CDOM,” but now it also displays something...Read More
