Tag

pending

“Just Sold!”: 4230 Cedarwood Rd. in St. Louis Park’s Lake Forest Neighborhood

Actually, “Just Pended!” Where:  4230 Cedarwood Rd. just west of Cedar Lake. What:  4 BR/3 Bath ivy-covered Split-Level on a gorgeous .52 acre lot. How much:  listed for $849,900. When:  on the market May 25; scheduled to close June 29. Who:  Seller represented by Kim Pease and Marcy Libby of Coldwell Banker Burnet; Buyer represented...
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“Pending” vs. “Assessed” vs. “Payable” vs. “Levied” . . . Huh?!?

Best Advice to Home Sellers:  “Tell What You Know” 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 give prospective home...
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5800 Dale in Edina, Updated

16 Days on Market?  Or 6? I lasted posted about 5800 Dale Ave. in Edina at the beginning of the month, just after it debuted on the market, and before the first Sunday open house on Nov. 6. What happened next? Thanks to my client’s exhaustive prep, the right price, and aggressive marketing (including a...
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“Sold?” No, “Spoken For” (or if you prefer, “Under Contract”)

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 — as “Sold,” even though...
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Changing the Listing Status on MLS as a Good Faith Gesture

“Deal Mop-Up” If you’re a Buyer’s agent nervous about slow-to-arrive Seller signatures,** what’s a good interim step to reassure your anxious clients? Ask the listing agent to change the home’s status on MLS. “Pending” = Done Deal So, if the home is “Active,” changing it to “TNAS” (“Temporarily Not Available for Showing”) assures that no...
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Spiking the Ball . . . on the 2 Yard Line

When Doesn’t “Sold” Mean “Sold?” So, when it comes to residential real estate, when does “Sold” not mean “Sold?” When it means “Pending” (as in, when there’s a big, bold “Sold” sign in front of a “For Sale” home). Huh?!? At least in Minnesota, once the Buyer’s Inspection has been removed,** the convention is to...
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