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Network One

Did the Home Seller Leave Money on the Table?

Four Ways to Tell In the history of mankind, no first-time Mother has ever under-dressed their newborn in the winter.” —Manhattan Pediatrician So which pediatrician uttered the above line? Mine (and my wife’s). What prompted that comment were the 3 layers of clothing my wife had already put on our newborn son (a long time...
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Coming in 1 Week! 3911 24th St. by Cedar Lake

“10 . . 9 . . 8 . . 7 . . 6,” or, Killing Two Birds With One (Marketing) Stone It’s a high-quality problem to have, as they say:  every time my client would go to their long-time family home to pack up, empty things out, etc., neighbors and even passersby headed to/from nearby Cedar...
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Early 2015 Home Buyer’s Lament: “There’s Nothing For Sale!”

Four Explanations “Man came by to hook up my cable TV We settled in for the night my baby and me We switched ’round and ’round ’til half-past dawn There was fifty-seven channels and nothin’ on” –Bruce Springsteen; lyrics, “57 Channels (And Nothin’ On)”** It’s not just Buyers’ imagination:  there really IS a dearth of...
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Twin Cities Housing Market (Early) 2014: Buyers Outnumber Sellers 3:2

Pre-List Activity on Edina Realty’s “Network One” If closed sales — at the very end of the process — are a famously lagging indicator, what qualifies as a leading housing indicator? Pre-list activity on Edina Realty’s proprietary “Network One.” Essentially a Realtor-to-Realtor bulletin board for Edina agents, Network One allows Buyers’ agents and Listing agents...
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“Home For Sale” — But Not on MLS (Huh?!?)

Two Types of “Non-MLS” Listings Not every “For Sale” home is on MLS. That’s the case even if the home is being represented by a professional Realtor. Why would a homeowner who truly wants to sell not want to reach the broadest possible range of prospective Buyers (on MLS), and instead quietly market their home?...
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4 Post-New Year’s Deals; Average Market Time? .25(!) Days (Note the Decimal)

Pre-Market and Off-Market Sales Barely over one month into the New Year, my clients are in the middle of four different deals. Deal #1 is an expired listing that had been rented for the last year, where an interested Buyer popped up after Jan. 1 to inquire about the home’s availability. Fortuitously, the about-to-expire lease...
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