Multiple Offer Aftermath: 21(!) Runner-Up Buyers How crazy is the Spring, 2017 housing market? Consider the activity at 2850 Florida in St. Louis Park, listed by Edina Realty – City Lakes’ Susan Melbye for $250k last Thursday (March 30): Days on market: 4. Showings: 60+ (including one of my Buyers). People thru Sunday open house...Read More
Ounces of Prevention What does the Parade of Homes — set to start this Saturday (March 4) in the Twin Cities — have to do with passing out Realtor business cards? Just this: if a Buyer you’re working with goes through a Parade home and decides to buy it, you may have a “procuring cause” issue with...Read More
Current Twin Cities Inventory of “For Sale” Homes: < 9,000 Units** Exactly how tight is the Twin Cities housing market at the moment? So tight that Saturday open houses are mobbed, never mind Sunday. One Edina Realty – City Lakes agent reported that 60 people came through her Saturday open last weekend. **At the peak...Read More
New on the Market! Where: Just west of Highway 100 between Vernon and Highway 62 (Crosstown). What: 3 BR/3 Bath Split Entry with over 2,400 finished square feet on a .29 acre corner lot. When: on the market . . . today! How much: $450,000. Who: listed by Ross Kaplan, Edina Realty — City Lakes....Read More
Sunday Open House (7/31) From 1 p.m. to 3 p.m. Where: 4119 Beard Ave. South, just blocks to Lake Calhoun, Lake Harriet, and 50th & France. When: open house 1-3 p.m. this Sunday (July 31). What: character-filled 3 BR/2 Bath, 1.5 story Craftsman on an unusually spacious city lot (58′ x 135′). How much: $525,000. Who: listing agent...Read More
Agent to Buyer: “Stop By That New Listing on Broker Tour Tomorrow” When an agent looks at a home without their client in tow, it’s known as a “Preview.” See, “Proper (and Improper) Uses of Realtor Previews.” That’s in contrast to a “showing,” which is when the agent and client view a home together. So, what...Read More
