Beauty in the Eye of the Beholder Buyer When should a listing agent (representing the Seller) explicitly market that a home “needs cosmetic updates” (or the equivalent)? Less often than you might guess. Here are my three reasons why: One. The pictures tell the story. Most MLS’s allow 18 photos; websites like EdinaRealty.com effectively allow...Read More
Technical vs. Functional Definition Test your knowledge of residential real estate by answering this question: Who defines what constitutes a legal bedroom? A. The county where the home is located; B. The city where the home is located; C. The local multiple listing service (MLS); D. The listing agent representing the Seller. Answer: “A.” or...Read More
Two Types of “Non-MLS” Listings Not every “For Sale” home is on MLS. That’s the case even if the home is being represented by a professional Realtor. Why would a homeowner who truly wants to sell not want to reach the broadest possible range of prospective Buyers (on MLS), and instead quietly market their home?...Read More
“Shhh! Don’t Tell Anyone My House is for Sale” “Listing agent will not also represent Buyer.” –Clause added to every listing contract I sign If your Realtor will agree to the foregoing clause — as I do on every listing I’ve ever handled — you don’t need to worry about a “pocket listing.” That’s because the Realtor...Read More
