Tag

tight inventory

Asterisk Clauses Make a Comeback

“After You” . . . “No, After You” . . . “No, After You” [Note to Readers: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced.  If you need legal advice, please consult an attorney.] Combine record-tight inventory in many Twin...
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Prospective Buyer: “I Want Something 25% Below Market, That I Can Fix Up and Flip for Double, That the Seller Will Finance. Oh, and Do You Know Any Contractors??”

“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...
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“Sure I Can Sell My House . . . But Where Am I Going to Move To??”

Explaining Why There’s Nothing for Sale:  A Theory Just when Twin Cities Realtors and brokers thought local housing inventory couldn’t get any tighter . . . it did. As of this week, there are barely over 10,000 units for sale in the entire 13-county metro area. That compares with more than 30,000 units for sale...
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Can’t Find What You’re Looking For in Fern Hill? I Might Be Able to Help

Getting the Jump on Upcoming Listings Near Cedar Lake With housing inventory super-tight generally and near Cedar Lake specifically, lots of would-be Buyers looking in Fern Hill, Lake Forest, and Sunset Gables at the moment are coming up empty-handed (the first two neighborhoods are St. Louis Park, the latter is in Minneapolis). If you’re one...
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Frustrated Home Buyers Switch to New Construction

“Let’s Go Kill Build Something!” Substitute “build” for “kill,” and you’ve got a pretty succinct explanation for today’s (very) robust market for new construction. Namely, with the economy recovering (at least for many consumers) and housing inventory continuing to scrape record lows, Buyers with the means are throwing in the towel waiting for their dream home...
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“Help! We’ve Seen EVERYTHING!” (Everything? Really!?!)

How to Go From 13,000 Homes for Sale to . . .  20 (or Zero!) Water, water, everywhere, Nor any drop to drink. –Samuel Taylor Coleridge, “Rime of the Ancient Mariner” Yes, inventory is notoriously tight this Spring. But there ARE 13,000 homes for sale in the Twin Cities at the moment, spanning literally dozens...
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