Trying to Keep the Playing Field Level “As you are no doubt aware, allowing a showing on your listing while it is in TNAS (Temporarily Not Available for Showing) status is a NorthstarMLS rule violation. We have changed the fine for this violation to the List Agent from $100 to $1,000. This reflects its more...Read More
“But, the Seller’s Disclosure Doesn’t SAY Anything About a Wet Basement!” (not yet, anyways) As Realtors if not the general public know, the MLS status “TNAS” ” short for “Temporarily Not Available For Showing” ” is a catch-all. So, TNAS can cover everything from new carpeting being installed, to someone in the household being sick,...Read More
“Location, Location, Location” “Context, Context, Context” What can you confidently say about a “For Sale” home whose price was just reduced, days before Christmas? A. The home is now a bargain. B. The Seller is motivated. C. The Seller’s Realtor (listing agent) is motivated. D. The home is better-priced** than it was before. Correct answer:...Read More
Sold in 3(!) Days — For Almost $43k Over List Price! Where: 140 Gleahaven Road, Wayzata. What: 4 BR/3 Bath mid-century Rambler with 2,800 finished square feet. When: closed November 30. How much: listed for $459,900; sold for $502,500. Who: listed by Carolyn Olson, Coldwell Banker Burnet; sold by Gregg Larsen and Mike Rosolanka, Coldwell Banker Burnet. In...Read More
“Buy a House in Minnesota in December?” “Are You %#&!$ Crazy?!?” Actually, no. In fact, I can think of three reasons why that’s actually a very good idea. Discount Shockers One. Best deals of the year. Every year I’ve been selling real estate ” and it’s now 17 ” the best deals of the year...Read More
Chances of Selling: “Possibly” vs. “0%, 100% Guaranteed” “In the land of the blind, the one-eyed man is King.” —proverb The real estate corollary to the proverb above? “During a time of year when inventory of good homes is depleted, and lots of “For Sale” homes are temporarily off the market (“TNAS,” or Temporarily Not...Read More
