Resale Mystery Amongst the new Twin Cities listings debuting on MLS today, this Minneapolis home caught my eye: 5/31/17 (1:03 p.m.): Closed 5/31/17 (2:53 p.m.): Active Why would someone buy a home — in multiple offers, no less — than immediately put it back on the market? No, it’s not a flip: the Seller paid $330k, and...Read More
Dream Home? Maybe Not, But Dream Price Everyone in real estate (and many outside of it) knows the phenomenon: homes on busy streets turn over more often. The explanation is self-evident, right? The occupants get tired of the traffic and move on. That may certainly be true, but as a Realtor, I see another, economics-based...Read More
Milan’s Bosco Verticale No, these two towers are nowhere to be found in the Twin Cities. Known as the “Bosco Verticale” (Vertical Forest), the Milan project consists of two towers, 26 stories and 18 stories high, ringed with what appear to be evergreen trees. Wikipedia elaborates: “It is called Bosco Verticale because each tower houses trees between three...Read More
First Rule of “For Sale” Home Prep: Consistency Fellow blogger and Twin Cities Realtor Teresa Boardman has a nice piece explaining why Kitchen remodels can backfire on would-be home sellers. See, “Kitchen Remodels That Hurt Resale.” In addition to Boardman’s two reasons, I’ve got two more: One. The owner did a great job remodeling the...Read More
Separating Siamese Twins — or Quintuplets “No one ever washes a rental car.” –Popularized (if not originated) by NYT columnist Thomas L. Friedman Just as rental cars aren’t exactly known for receiving TLC (never mind the car wash), so, too, rental properties aren’t usually known for their pristine, state-of-the-art condition. Which is why condo conversions...Read More
Lower Level Surprise In a 1 1/2 story South Minneapolis bungalow, you’d expect to find the Master Bedroom on the first floor, or — if the ceiling height allows — on the second. So, it was a surprise* to head down to the basement with clients today to find . . . what could easily...Read More
