Realtor Networking: “Downtown Condo up to $800k” . . . “Anything With > 3,000 FSF by the Lakes” . . . “Emergency Election” (Huh?!?)

I Thought Realtors Weren’t Supposed to Bring Up Politics Realtors “network” (share in-person and electronically) a variety of things: upcoming listings, Buyer needs, price reductions, etc. They also canvass their colleagues for good, reliable contractors — especially if they need someone ASAP. Which explains this email in my in-box earlier today: In need of an...
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“Long-Time Buyer Need” and Other Real Estate Euphemisms

To be sure, there are some needle-in-the-haystack properties that truly require Buyer — and Buyer’s agent — patience to find. In the Twin Cities, that includes bigger, updated condo’s near the Lakes (the developers are all building luxury apartments); waterfront estates on Lake Minnetonka; and downtown Minneapolis condo’s with views and over 1,500 square feet...
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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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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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“Market, Sell, List”: Jumping the Gun on New Business

Realtor version of “Ready . . . Fire . . . Aim“ With Realtors starving for inventory in many U.S. housing markets at the moment — the Twin Cities very much included — it’s a logical, next step:  Realtors so eager to land listings that they “jump the gun,” and start marketing homes they haven’t...
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