“Sold, Subject to Inspection” I don’t do it that often, but today I showed clients a home that already sold. With their knowledge and consent. Why waste time showing a home that’s already spoken for? Because this particular home — in East Edina and listed at $300k — sold in multiple offers after all of...Read More
Is the Twin Cities housing market shifting gears? Put it this way: the public perception certainly has. See, “Twin Cities Home Prices Up; Traditional Sales Strengthen.” In fact, the market does feel different this spring. The weekly Broker meetings — always a good litmus test of market trends — have devoted more time to dealing with...Read More
How does a listing agent who just sold their client’s home in multiple offers ensure that it appraises? A. Provide the Appraiser with helpful Comp’s (Comparable Sold Properties). B. Email the Appraiser the runner-up offers (with identifying info expunged). C. Raise the listing price on MLS. D. All of the above. Correct answer: D. Of course,...Read More
“How Long Was the Home on the Market?” vs. “How Much Exposure Did the Home Get?” With multiple offers making a comeback in parts of the Twin Cities — I’ve been involved in three in just the last six weeks — it seems appropriate to ask, “Did that just-listed home sell TOO fast?” It’s certainly...Read More
What Should the Runners-Up Agents Say to the Listing Agent? Assuming that the listing agent (representing the Seller) conducted multiple offers openly, fairly, was communicative throughout, etc. — vs. selling the home to their own Buyer* at midnight for $20k less than the highest offer — what is appropriate for the runners-up agents to say...Read More
One of the highlights of my new listing at 5116 29th Ave. South in Minneapolis is the terrific location: just two blocks to Lake Nokomis, 3 to Minnehaha Parkway, and close to light rail, the airport, and Highland Park. Even closer: Nokomis Beach Coffee (pictured above), in between the home and the lake. Although it looks...Read More
