“Upstairs Den?” “Family Room #2?” “Upper Level Lounge?” First, laundries migrated from dark, dingy basements to the upper level. Now, the home’s living spaces are following them upstairs. Versatile, Multi-Function Space (and Light!) Specifically, many new construction homes in the Twin Cities now feature an upstairs sitting area ” typically near the top of the...Read More
Dow Drops 1,032 Points on Coronavirus Fears [Editor’s Note: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway (“Berkshire”), or any other entity referenced. Edina Realty is a subsidiary of Berkshire.] No, I don’t see mortgages becoming free any time soon. Even if long-term interest rates...Read More
“Beware Wall Streeters Bearing Fees” [Editor’s Note: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway (“Berkshire”), or any other entity referenced. Edina Realty is a subsidiary of Berkshire.] Fans of Warren Buffett’s annual letter to shareholders won’t be disappointed: the just-released 2019 Letter is one...Read More
Double-Edged Sword I’m not sure I can define the difference between “good” edgy and “bad” edgy . . . but I know it when I see it. The term’s, um . . . double-edged quality is evident in the “cutting edge/bleeding edge” dichotomy. So, there are “edgy neighborhoods,” “edgy art,” “edgy TV,” “edgy food,” “edgy...Read More
“Outlier” Comp’s — Both High & Low Wanna guess the single best way, bar none, to know for sure the Seller got a (very) good price for their home? It’s not whether the house sold especially fast, for full price (or higher!), or even received multiple offers. All those metrics can be misleading, for a...Read More
Retail vs. Wholesale Open Houses One of the best, early omens for a new listing is when agents leaving the Broker Open casually toss off compliments like “nice listing,” “good job!,” or simply “congratulations.” What’s another? When several newer, less experienced agents contact you, asking if they can hold a weekend open house at your...Read More
