Putting (Too) Good a Face on Things? It’s a fact of (real estate) life: sales fall through. Buyers change their minds. Inspection issues come up. Buyers can’t get financing* (the honest explanation at least 80% of the time). When any of those (or other) unhappy events occur, listing agents have the demoralizing task of switching...Read More
Other People’s Lake Views, or, “Not . . So . . Fast” Put it this way: I’ve never seen a supplement on MLS for a turret before (the proposed home that goes with is pictured above). Here’s what it says on MLS: SPECIAL FEATURE! The Turret area is designed to have a spiral staircase leading...Read More
St. Louis Park’s Most Expensive Home (Still) If only because the Twin Cities doesn’t have many gazillion dollar homes, you seldom see six figure price reductions (more than $100k) on homes listed for sale on MLS. Which is why a $500k price drop yesterday on 2545 Huntington Ave. South — from $5 million to $4.5 million...Read More
The Ayes Eyes Have It, or “Holdover” Buyers & Sellers Anecdotally, Twin Cities agents (myself included) are reporting an uptick in the number of prospective Buyers saving or watching listings on MLS this Summer. A couple months ago, it was typical to have 2-3 Buyers save a listing; now, those numbers can be double or...Read More
Is the Absence of a Negative a Positive? Yes, But . . . Do home sellers get credit for a dry basement? Answer: “absolutely” (I mean, “you betcha!”). It’s just not something that — as a listing agent representing the owner — I’d necessarily put in the home’s marketing materials.* Rather, a bone dry basement ensures that the...Read More
Loss Leader Cooperating Broker Compensation Buyer Broker Comp: $ 100 Sub-Agent Comp: 0 % Facilitator Comp: 0 % Variable Rate: N List Type: Exclusive Right In Foreclosure?: No Lender Owned?: No Owner is an Agent?: No –Excerpt, MLS Rental Listing I know a (very) few Twin Cities agents who handle rentals — but I’m not...Read More
