“It Was THIS Big! No, It Was THIS Big!” First, stipulate that Realtors as a group are a talkative bunch. Then, consider that listing agents (at least good ones) hold any sales details very close to the vest — at least until closing. The result is an active rumor mill surrounding the status and disposition...Read More
Who’s That Woman on the Cell Phone in Front of the Broker Open? I noticed the woman on the cell phone in front of the broker open as I was looking for a parking space. Hmm, I thought — must be a hot new listing if the agent is on the phone to a client...Read More
Inspection Contingency Leverage The main reason home Sellers love multiple offers is because it bumps their price — if not over asking, then usually pretty close. But there’s a secondary reason Sellers love multiple offers: it can result in the Buyer pulling their punches during the Inspection phase of the deal. Inspection Issues Once the...Read More
“Jilting” Buyer #1 for Buyer #2 Topic A at this morning’s Exceptional Properties meeting was how to handle a deal that’s been verbally signed off on, when another, significantly stronger offer materializes before all the necessary signatures are in place. The scenario’s relevant because, in today’s slower market for upper bracket homes, by the time...Read More
No “Extra Innings” — Promise Where: 38xx 37th Ave. South, in Minneapolis’ Longfellow neighborhood When: listed yesterday (Aug. 3) What: 2 BR, 1 BA home built in 1914. Who: listed by Kathleen Doyle, Edina Realty City Lakes How much: $91,900 Want an indication of how intense Buyer activity is at the lower end of the...Read More
Where: Minneapolis’ Fulton neighborhood in SW Minneapolis (one block north of the Minnehaha Creek) What: 2 BR/1 BA; 1,080 FSF. Year built: 1924 When: on market yesterday (June 8) How much: $124,900 Who: listed with Coldwell Banker Burnet It’s never a good sign for prospective Buyers when you arrive at a showing to find several...Read More
