Hot New Listings on (& backing up to) Highwood Rd. in Lake Forest Neighborhood If the Twin Cities housing market gets any hotter — at least in some neighborhoods — the local Multiple Listing Service (“MLS”) is going to have to supplement its “Days on the Market” statistic with another one: “Hours on the Market.” That’s...Read More
“Sold, Subject to Inspection” Yes, multiple offers — at least in some neighborhoods and price points — are making a comeback in the Twin Cities housing market today. And yes, at least some would-be Buyers are skeptical that there really is competition for the home they’re interested in. Unfortunately, I only really know one, absolutely...Read More
“Sold, Subject to Inspection” I don’t do it that often, but today I showed clients a home that already sold. With their knowledge and consent. Why waste time showing a home that’s already spoken for? Because this particular home — in East Edina and listed at $300k — sold in multiple offers after all of...Read More
Days on Market: 5 Status: “Sold, Subject to Inspection” A good chunk of my weekend was spent negotiating a deal on my new listing at 3806 W. 32nd St, a 2,400 FSF townhome by Lake Calhoun in Minneapolis that backs up to the Midtown Greenway. Everything was signed, sealed and delivered late last night; I...Read More
Hearing Footsteps I certainly didn’t intend to do my preview at the same time that the prospective Buyer and their inspector were in the home. But that’s how it worked out. Judging by the Buyers’ nervous reaction to my (brief) presence, their inclination to aggressively negotiate any inspection issues is now lessened, if only a little...Read More
“Sold, Subject to Inspection” — Explained Upper bracket Twin Cities homes may not be moving quickly (if at all), but the pace of sales for more affordable housing — say, under $300k — is surprisingly brisk. Accordingly, more would-be Buyers are being told that the home that they just asked to see is already “sold,...Read More
