Keys, Keys, Keys I don’t recall ever being confronted with 3(!) deadbolt locks before — the case at an Edina duplex I showed earlier this week. Figuring out which one worked is just one of the challenges that Buyers’ agents face. First, they need to pop open the lockbox that contains all those keys. Step...Read More
So THAT’S Why It’s Been For Sale Forever (Maybe) As I tell clients, the “good stuff” on MLS is invariably buried in the “Agent Remarks” field — which consumers can’t see — rather than the “Public Remarks” field, which they can. Even so, I can’t previously recall a listing agent trying to defuse a VERY...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
Why Most Buyers Skip Seeing Homes Under Contract But Not Past Inspection For the benefit of home buyers, sellers, and at least a few Realtors, herewith is a key explaining when home showings are still allowed under various MLS statuses (abbreviations in parentheses): “Active” (“A”): showings allowed (the more, the better!). “Active, Subject to Inspection” (“A,i”): depends...Read More
65 Showings, 10(!) Offers What kind of Twin Cities home attracts 65 showings — and no less than 10(!) offers — in less than 3 days on the market? Homes like this one. The 3 BR/2 Bath walkout rambler located at 708 NE 118th Ave. debuted on the market last Friday at a list price of $149,900, and was officially...Read More
Practice Tip for Agents Whose Listing Sold in Multiple Offers “Whoever has the gold, makes the rules.” –The Golden Rule What trumps The Golden Rule (at least temporarily)? What I’ll call “The House Key Rule”: whomever controls access to an MLS-listed home controls the sale. That’s particularly relevant in the wake of multiple offers, when...Read More
