Seller Dilemma: List This Fall, or Wait Till Next Spring “Beggars Home Buyers in Seller’s markets can’t be choosers.” –Proverb (slightly altered). One of the discussions agents are having with their clients, post-Labor Day, is whether to put their home on the market this Fall, or wait till next Spring. Arguing in favor of the...Read More
There’s certainly nothing wrong or unusual about Realtors sending out “blast emails” marketing their latest listing. As the recipient of dozens (hundreds?) of those a week, though, it does get a little annoying — especially when the property being touted is literally another time zone (or two) away. However, it’s seldom that the headline on the...Read More
Using a Lowball Offer . . . to Get One That Isn’t “A crisis is a terrible thing to waste.” –Paul Romer (repeated by Rahm Emanuel and many, many others) “A lowball offer is a terrible thing to waste.” –Ross Kaplan [Editor’s Note: a least in the Twin Cities, lowball offers on well-priced, well-marketed homes...Read More
Would-Be Home Sellers Beware “If your parents don’t have children, you won’t either.” –old joke. “If your home doesn’t get showings, it won’t get offers, either.” –real estate equivalent Not a few would-be Sellers, arguing for a too-high listing price, rationalize that “Buyers always come in low, so why not leave a little (or a...Read More
“Good Luck With That” Department I fielded a call the other week from a prospective Buyer who must have just skimmed “How to Make Millions in Real Estate” (or some such title) at Barnes & Noble. I doubt that such an approach ever worked, but it’s a guaranteed loser — and a time sink — in a...Read More
Seller’s Market Side Effects “Twin Cities Housing Market Caught In A Supply Crunch As Demand Intensifies.” —Headline, Twin Cities Business (April 14, 2016) One of the side effects of a Seller’s market with very tight inventory is a surge in so-called “reverse contingencies,” whereby a homeowner agrees to sell only if they can find another...Read More
