Realtor Gaffes — Listing Presentation Edition I recently heard about an agent who shows up at every listing presentation — essentially, a job interview for Realtors — with a conspicuous “Sold” sign that they leave in plain view of the prospective Seller. Apparently, the agent thinks it projects confidence, “go-getter” hustle, etc.** However, it backfired with an...Read More
When “Sold” Doesn’t Mean “Sold” At least in Minnesota, when you see a “Sold” rider above a “For Sale” sign in front of a house, it doesn’t mean “Sold” — it means “Pending.” Huh? The (admittedly confusing) convention is to pronounce a home that’s under contract and past Inspection — but not yet closed — as “Sold,” even though...Read More
When Doesn’t “Sold” Mean “Sold?” So, when it comes to residential real estate, when does “Sold” not mean “Sold?” When it means “Pending” (as in, when there’s a big, bold “Sold” sign in front of a “For Sale” home). Huh?!? At least in Minnesota, once the Buyer’s Inspection has been removed,** the convention is to...Read More
“I Know What You Meant” Department: Contingent Offer Confusion Residential real estate is full of confusing, non-intuitive (if not counter-intuitive) terms. Like, the Realtor that the industry calls “the Selling agent,” once a deal closes, actually represents the Buyer (the agent representing the Seller is known as “the listing agent”). See, “Quick! Who Does the...Read More
