Dangers of Dual Agency: Representing the Seller, and Angling to Represent the Buyer, Too [Editor’s Note: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced.] I just went through a “For Sale” home on high-profile France Avenue near Minneapolis’ Cedar Lake,...Read More
“That About Covers It” Department The line, “owner occupant and investor offers welcome” sounds plausible enough. Then I stopped to think: is there another kind of Buyer?? Short answer: not that I’m aware of. I suppose “2nd home” or “vacation home” Buyer, if the property had been a lake cabin. But in this case the...Read More
Price & Other Terms What is the Seller’s objective in multiple offers? If you said, “obtain the best offer,” you’d only be half-right; the better answer is, “obtain the best offer from the strongest Buyer.” “Eyes on the Prize” (Closing) That second, broader criterion takes into account not just the selling price, but such things...Read More
The Twin Cities Housing Market in One Number: “12,984” “Warmer weather heats up Minneapolis housing.” —CNBC (12/10/2015) It’s oddly fitting that, as 2015 winds down, many Buyers are saying the same thing now that they did at the beginning of the year. Namely, that there’s nothing for sale. And they’re not imagining: according to the...Read More
3103 E. Franklin Ave. in Minneapolis Attracts Multiple Offers I’d be hard-pressed to recall another home that looked as appealing online as 3103 East Franklin Avenue, just a block from the Mississippi River in Minneapolis’ Seward neighborhood. Buyers agreed: the home — listed for $289,900 — attracted multiple offers, and sold this past weekend after less than...Read More
Doing Realtor Damage Control Thanks to a Star Tribune story Tuesday chronicling a supposedly overheated Twin Cities housing market, crestfallen Buyers who repeatedly(!) came up short in multiple offers this Summer, etc., etc., several thousand local agents had to take a chunk out of their busy schedules this week to do damage control with their anxious...Read More
