You seldom see “More Than Two Stories” as a style on MLS; a quick search showed that less than 3% of all active MLS listings right now have that designation. It’s further the case that when you do see “More Than Two Stories,” the additional increment is usually underwhelming, like .25 or .50 (both associated with...Read More
Directions By Car? No, Bike It won’t work if you need your car to drive to another appointment immediately afterwards. And it’s hardly an option when it’s 10 below in January in Minnesota (in my case, make that, “anything below 50 degrees — above zero“). However, it’s only a matter of time until MLS includes the following,...Read More
Multi-Tasking Buyers’ Agents I’m sure my colleagues could fill in their own, umm . . . favorite. But, here’s mine: “You know the showing instructions are too long when . . . the Buyer’s agent (in this case, me) has to print them out to keep everything straight. And then has to print out the...Read More
“Under the Radar” Deals Nine times out of ten, when Realtors refer to a “Comp,” they mean a “Comparable Sold Property” — what agents and appraisers alike rely on to establish fair market value for a given property. So, what’s a “COMP?” An acronym for “Came on Market Pending Sale.” The usual scenario is a private...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
Liking the House . . . But Not the Price What do Buyers today do when they like a home — but not the price? (ditto for their agents). They save the search on MLS. That way, they immediately know if/when there’s a price reduction. See, “Who’s Watching the Listing?” “The Ayes Eyes Have It”...Read More
