Hurry Up & Wait, or, Maneuvering for Multiples? A hot, new listing that met all your client’s criteria — location, price, home style & size — just came on the market. You and your client hustled to see the house, then — after reviewing the Comp’s and touching base with the Buyer’s lender — immediately went...Read More
Seasoned vs. Green Buyers; The Role of Pre-List Networking It’s accepted wisdom amongst veteran Realtors — which I happen to agree with — that “the first Buyer is (often) the best Buyer.” Why’s that? The explanation has to do with the nature of the pool of home Buyers at any given moment, plus Buyer behavior...Read More
Negotiate Formally or Informally? It Depends [Editor’s Note: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced. If you need legal advice, please consult an attorney.] OK, so “Written vs. Verbal Counter-Offers” isn’t a very sexy title. But it’s a fascinating...Read More
“This Offer is Only Valid Until Noon, August 4” [Editor’s Note: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced. If you need legal advice, please consult an attorney.] At least in Minnesota, where I sell real estate, deadlines are incorporated...Read More
. . . . Housing Market, That Is Never mind the heat and humidity the past week . . . how hot is the Southwest Minneapolis housing market? At least for well-priced, well marketed homes under $400k . . . very (hot). Instant Multiples The home at 3537 Aldrich — listed for $339,900 by Edina...Read More
Law of Diminishing Returns Past Three or More Showings Want to handicap the odds of any given Buyer purchasing a home? Think of a Bell Curve, with the peak corresponding to 2-3 showings (call it “2.5”); the left tail 1 showing, and the right tail four or more showings. In other words . . . the...Read More
