Other “Votes”: the Lender, Local Municipality, and Insurer Unbeknownst to the Seller, the Buyer’s inspection uncovered a material problem with their home that the parties agree should be fixed. When that happens, who takes care of it? The short answer: “whomever the parties agree” (at least if no one else has a say — see...Read More
Home Not Selling? Only 3 Possible Explanations “When the student is ready, the teacher will appear.” –Buddhist sayings “When a home is priced right, Buyers will appear.” –Ross Kaplan I don’t know much about Buddhism, but I do know about selling residential real estate. Many frustrated home Sellers don’t want to hear this, but here goes:...Read More
Holiday Countdown Officially Begins, or “T Minus 26 Days” to Black Friday With the calendar now showing November(!), home Sellers who are serious about selling in 2014 are well-advised to revisit their current asking price. Especially if their home has been at that price for more than 30 days. That’s because most home Buyers are...Read More
Difference Without a Distinction? The most recent MLS tweak is a change to how market time is reported. Previously, the acronym was “CDOM,” for Cumulative Days on Market; it reflected how long a given property was on the market since listing. Shouldn’t That Be “DOMP??” MLS still shows “CDOM,” but now it also displays something...Read More
Not All Listings Are Created Equal Notwithstanding fairly steady Fall listing and selling activity, there is a perception afoot amongst many Twin Cities Realtors now that the market is deceptively slow. How can that be? Here’s one theory: while showings statistics overall are flat to slightly down, they’re unusually concentrated amongst a relatively small percentage of...Read More
Fewer Showings — But a Silver Lining, Too So far this Fall, the word amongst active listing agents (representing Sellers) is that showings are way down (that’s been my experience, too). If you want a benign explanation, blame it on the gorgeous Fall the Twin Cities has been enjoying thus far, keeping Buyers’ focus elsewhere...Read More
