65 Showings, 10(!) Offers What kind of Twin Cities home attracts 65 showings — and no less than 10(!) offers — in less than 3 days on the market? Homes like this one. The 3 BR/2 Bath walkout rambler located at 708 NE 118th Ave. debuted on the market last Friday at a list price of $149,900, and was officially...Read More
Advice to Buyers Competing For a Home in Multiple Offers When most people hear the word “indifferent,” they immediately think, “apathetic,” “doesn’t care,” or perhaps, “not engaged in the outcome.” But the truth is — especially in business — someone who’s indifferent between two outcomes can be intensely interested in which one occurs. It’s just...Read More
“The Preference for Pottery Barn” (Decor) Contrary to popular perception, not every Twin Cities home new to the market is immediately getting snapped up in multiple offers right now. What kind of home is? Here are the four attributes that such homes seem to most often share: One. Price point, i.e., they occupy the lower...Read More
Clean vs. Cluttery Offers With multiple offers breaking out all over the Twin Cities housing market now, it’s a smart idea for prospective Buyers competing for a home to know what, besides price, is likely to set their offer apart . . . for both good and bad. Good: a short, clean offer with a...Read More
Practice Tip for Agents Whose Listing Sold in Multiple Offers “Whoever has the gold, makes the rules.” –The Golden Rule What trumps The Golden Rule (at least temporarily)? What I’ll call “The House Key Rule”: whomever controls access to an MLS-listed home controls the sale. That’s particularly relevant in the wake of multiple offers, when...Read More
Seller Goal: Fast But Not TOO Fast After years of seeing lengthening timetables for the Buyer’s Inspection and Underwriting approval, the pendulum is now swinging the other way — at least on some deals this Spring. Which ones? Homes in multiple offers. Unrealistic Deadline(s)? That’s the word from Edina Mortgage’s Steve Mohabir, who’s noted the...Read More
