Home Price as a Moving Target “Those who know, don’t talk; and those who talk, don’t know.” —Stock market saying. What’s true in the stock market is also true in real estate. Namely, the value of what Realtors call a “Comparative Market Analysis” (“CMA”) that can be had for free is . . . about what...Read More
“Ripeness”: Legalese for “First Things First” Even though it’s been decades since I practiced corporate law, I use the training practically daily. To pick just one example, I consciously apply the legal doctrine of “ripeness” to prioritize decision-making ” both mine and my client’s. In the legal world, “ripeness” means that courts will not consider...Read More
Why Homeowners Let the Competition Look (or Should) Wait a second! Don’t Buyers’ agents represent Buyers at a preview? (in contrast to a showing, a preview is when just the Realtor views the home). And exactly how does an agent represent the Seller of the home they’re previewing ” don’t they already have an agent? (called “the listing...Read More
Your Adjective Here: “Sort-of-Stale?,” “Pre-Tired?,” “Slightly Dated?” A picture is famously worth 1,000 words. But, so is the right diagram. The one above (“Stale < ??? > Fresh”) perfectly captures my reaction to the two-story, 6,500 square foot home that I just previewed in Edina’s ritzy Parkwood Knolls neighborhood. Listed for $1.85 million, it features...Read More
Home Price = Moving (and Influenceable) Target “Those who know, don’t talk; and those who talk, don’t know.” —stock market saying. What’s true in the stock market is also true in real estate. Namely, the value of what Realtors call a “Comparative Market Analysis” (“CMA”) that can be had for free is . . . about...Read More
Dear “Just Previewing” Realtor: “Smile! You’re On Candid Camera!!”** [Editor’s Note: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway (“Berkshire”), or any other entity referenced. Edina Realty is a subsidiary of Berkshire.] Here’s a news flash for skeptical home Sellers (or, maybe not): not every...Read More
