When “Sold” Doesn’t Mean “Sold” At least in Minnesota, when you see a “Sold” rider above a “For Sale” sign in front of a house, it doesn’t mean “Sold” ” it means “Pending.” Huh? The (admittedly confusing) convention is to pronounce a home that’s under contract and past Inspection ” but not yet closed ”...Read More
Walkout Homes — and Condo Buildings By convention, the floors in high-rise buildings generally start at “one.” So, the first floor (main level) is #1, the floor above it #2, and so on. Ahh, but what if the building has two underground parking levels, both of which are above grade in back because the building...Read More
Which “Hat” is the Other Agent Wearing? Well before a home comes on the market these days, good listing agents (representing the Seller) “prime the pump” with an aggressive, pre-list marketing campaign. That includes using the new “Coming Soon” status on MLS; exposing the home on Edina Realty’s agents-only “Network One” (note: be sure to...Read More
Best Advice to Home Sellers: “Tell What You Know” (Whatever That Is) Homeowners can be forgiven for not knowing the difference between a special assessment that’s “pending,” vs. one’s that “levied” ” as opposed to one that is assessed and currently payable. Realtors have trouble keeping those terms straight as well. The best advice to...Read More
Surprisingly Spacious 6 Bedroom(!) Home with > 4,000 Square Feet Where: 4709 40th Lane, St. Louis Park. What: Modified two-story with 6 Bedrooms and 4 Full Baths; total finished square feet = 4,068. When: scheduled to close next Tuesday, December 4. How much: listed for $689,900. Who: listed by Ross Kaplan, Edina Realty — City Lakes; Buyer...Read More
Worst — and Best — Case Scenarios The worst possible explanation — and the one I immediately feared — was that the very long trailer full of PVC piping that suddenly appeared in front of my Southwest Minneapolis listing the other week meant that the city was about to undertake a protracted repair. So much...Read More
