Make That, 25(!) Showings When you think of homes that are the subject of bidding wars (multiple offers), what comes to mind? Gorgeous homes in mint condition with stunning curb appeal, right? Sometimes. But, just as often, homes that attract multiple offers are relatively unassuming — they’re just priced and marketed (very) well, located in...Read More
Weighing Defensive Clauses, Offensive Clauses — & No Clauses [Editor’s Note: Nothing in this post or on this blog should be construed as offering legal counsel. If you require legal advice, please consult an attorney.] “Home must appraise at or above sale price. If appraisal is below that amount, Buyer shall have the right to renegotiate this...Read More
The Consequences of “Highest & Best” in Multiple Offers, or, “Woulda Coulda Shoulda” With tight inventory and the prospect of multiple offers returning to various Twin Cities neighborhoods, it’s a certainty that at least one local home Buyer this Spring — upon hearing they came up short in multiple offers — will protest, “But, I...Read More
Price as a Function of Market Time Assuming a “For Sale” home is well-prepped, priced and marketed, is there a way to know how much it sold for prior to closing, when the number will become public? That is, without finding out from the Buyer, the Seller, or their agents (who shouldn’t be sharing that...Read More
The cute two-story Linden Hills (Minneapolis) home I saw on tour this Tuesday certainly had its charms: good curb appeal, updated Kitchen, nice backyard. But, there were plenty of negatives as well, starting with low overhead upstairs — I doubt much over 7′, the legal minimum for finished square feet; the three upper level Bedrooms were...Read More
“Turtles All the Way Down” (Also Known as “Infinite Regress”) As a faithful agent, I’ll always do what my principal — the client — instructs me to do. But, that doesn’t mean I necessarily endorse their chosen strategy. Two cases in point: 1) so-called “asterisk clause” offers, in which a Buyer in multiple offers promises...Read More
