MLS Agent Remarks: “Listing Agent Must be Present for All Showings” Most listing agents ” myself included ” are usually not thrilled when a home-selling client insists that you be there for all first showings. For one thing, it’s an imposition on your time; for another, prospective Buyers and their agents can view it as...Read More
Striking While the Iron Housing Market is Hot “Seller would like to close in early-mid September.” –MLS Agent Remarks, 9228 Decatur Ave. in Bloomington. The normal lag time from consummated Purchase Agreement to closing is six to eight weeks — faster if the home is vacant, the Buyer is paying cash, or both parties are...Read More
“But, the Seller’s Disclosure Doesn’t SAY Anything About a Wet Basement!” (not yet, anyways) As Realtors if not the general public know, the MLS status “TNAS” ” short for “Temporarily Not Available For Showing” ” is a catch-all. So, TNAS can cover everything from new carpeting being installed, to someone in the household being sick,...Read More
How Many Real Estate Marketing Errors Can You Spot? To my eye, the listing agent marketing a certain Fern Hill Rambler now commits not one but two mistakes trying to push Buyers’ “Fear of Missing Out” button: One. In an ongoing Seller’s market with too little inventory, it’s certainly plausible that any new-to-market listing will...Read More
Question #2: Is That Different Than “Large?” “Original hardwood floors have just been re-done, four oversize bedrooms, tremendous woodwork & period fixtures.” —”Public Remarks,” MLS. “Oversized” is one of those imprecise adjectives that you occasionally run into in real estate: they certainly sound good, but, on closer inspection, don’t convey much if any information. Sort...Read More
Is That “For Sale” Home Days Away From Market? Or Decades?? [Editor’s Note: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway (“Berkshire”), or any other entity referenced. Edina Realty is a subsidiary of Berkshire.] Perishable food must display an expiration date. Similarly, to take advantage of...Read More
