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pro

The Case for Raising the Minimum Wage? Complicated. Setting a “Maximum Wage?” Simple

Risk of Unintended Consequences At least to economists, the question of whether the minimum wage should be increased — and by a lot, as many on the political left advocate — is tricky. In a perfect world, the higher the minimum wage — hell, all wages — the better:  higher pay = more disposable income...
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The Unsung, Unassuming, Underappreciated Split-Level

Learning to Love (OK, Like) Split-Level’s What’s so great about opening the front door of a home and finding yourself standing in the middle of the Living Room? Or maybe Kitchen? That’s been my experience in any number of newer, upper bracket homes — homes that supposedly boast the latest and greatest of everything, and...
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Is It Really a Corner Lot? One Way to Tell

1 Picture = 1,000 Words Just in case there’s any doubt, the wide-angle shot (above) of this Lake Nokomis home definitively answers the question:  “is it a corner lot?” Realtor conventional wisdom is that some Buyers prefer them, because of the extra light (and one less neighbor). Meanwhile, others avoid corner lots, because of the...
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“For Sale” Home, But Forgoing the “For Sale” Sign

Pro’s & (Mostly) Con’s “Don’t be a secret agent.” –Advice to new real estate agents just starting out. Why would the owner of a “For Sale” home want to skip putting a “For Sale” sign in front? Search me. Here are the four most common reasons I hear — followed by my Realtor rebuttal (in...
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Why Contingent Offers Are Making a Comeback (They Are)

Contingent Offer Multiple Choice [Editor’s Note:  Nothing in this post or on this blog should be construed as offering legal counsel.  If you require legal advice, please consult an attorney.] Test your knowledge of the Summer, 2015 housing market and field this question: Contingent offers — when a Buyer buys contingent on being able to...
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“Coming Soon”: How Good Pre-List Marketing Distorts “Days on Market”

Market Exposure > Days on Market; When 1 Week on the Market ≠ 1 Week on the Market I’m a big fan of aggressive, pre-list marketing. One of the easiest (and cheapest!) methods, especially for a home in a high-profile, high-demand location:  install the “For Sale” sign early, and attach a “Coming Soon” rider (note:...
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