Lies, Damn Lies, and Realtor Statistics What’s the best way to tell if a “saved” MLS search is in fact a prospective home Buyer, who’s watching the property in the hopes that the price drops? Reduce the price. If the price reduction triggers a wave of showings (and ideally, offers!) . . . the “saved” MLS searches...Read More
“Cock a Doodle Doo Don’t!” Nope, that “For Sale” home isn’t in the sticks somewhere, miles from the nearest neighbors. It’s less than 2 blocks southeast of Minneapolis’ Lake Harriet, in a neighborhood where homes fetch from $500k to triple that (at least) on the lake (this one’s listed for $525k). My Realtor understanding is...Read More
It may seem counter-intuitive, but just because two “For Sale” homes share the same block, are listed for the same price, and are the same size (have the same finished square feet), doesn’t necessarily mean they’re direct competitors. In fact, I can think of two scenarios where there’s virtually no overlap in the pool of...Read More
On What?!? So, what do Realtors mean when they say — with not a little frustration — “let’s get it on?” Here’s a hint: the more accurate line is, “let’s get it on already!,” and the person the (listing) agent is talking to is their client and would-be home seller. If that’s not obvious enough,...Read More
Telling Sellers What They Want to Hear . . . While Trolling for Other Business [Editor’s Note: 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 aren’t a Realtor (and don’t have a magnifying glass), the photo above is...Read More
Prospective Sellers can (and do!) spend thousands improving their home’s curb appeal. Most popular items: new landscaping, cement steps and walk, and fresh paint. However, less ambitious Sellers may want to consider a more limited (and inexpensive) tactic: a new front door and/or door color. While it can be tricky to get right, a well-chosen,...Read More
