Every field has its most and least favorite activities. As a Realtor with a decade of experience, here are mine: Agent Favorites –Closings (Yeah!!). –Getting a call from a former client who relocated elsewhere but who’s passing through town. –Hosting a Broker Open (the first time). –Multiple offers (representing the Seller). –Full-price offers with hefty downpayments...Read More
“The Goldilocks Approach” Anyone who’s done a Web search — which means everyone — knows the problem: type in an overly broad search, and it returns a zillion hits. However, type in an overly narrow or restrictive search, and it returns zero hits. A home’s list price works the same way, albeit in reverse. Too...Read More
Can Bank-Sellers Be Choosers? Days 0-7: No offers considered. 8-12: Offers considered on property ONLY from NSP buyers, municipalities, non-profit organizations & owner occupant. 13+: All offers considered from all buyers. –Excerpt, foreclosure on MLS With the caveat that I don’t specialize in foreclosures, this is the 4th time in as many weeks that I’ve...Read More
Coaching 1st-Time BuyersEveryone knows what Buyer’s remorse is: the feeling you get, after you’ve bought something, that you just made a horrible mistake. So, what is non-Buyer’s remorse? The feeling you get when you find out that the house you were furiously deliberating about buying, instead sold to someone else. I counsel first-time Buyers weighing...Read More
“Hmm, I Wonder Where That Lockbox Key Went??” An interesting little contest is shaping up over a certain Twin Cities foreclosure that came on the market yesterday for 50% of its tax assessed value. I am withholding the address because I have a client interested in buying it, but here’s the background: A saved search...Read More
Blast from the Past In a sluggish market, the sale — just posted on MLS on Friday — caught my eye: a South Bryn Mawr Colonial listed for $424,900 sold for almost $50k above that. After two months on the market! That didn’t compute, for 3 reasons: 1) there’s a lot of inventory in Bryn...Read More
