Law of Diminishing Returns Show me a “For Sale” home that’s open Sunday after Sunday, rain or shine, and I’ll show you a house where: a) the home is likely overpriced and going nowhere in the market; b) a frustrated Realtor is trying to placate an impatient owner; or most likely c) both “a.” and...Read More
On the 2 Yard Line vs. The End Zone [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 need legal advice, please consult an attorney.] Test your knowledge of today’s housing market (and real estate law), and...Read More
Learning to Love (OK, Like) Split-Level’s What’s so great about opening the front door of a home and finding yourself standing in the middle of the Living Room? Or maybe Kitchen? That’s been my experience in any number of newer, upper bracket homes ” homes that supposedly boast the latest and greatest of everything, and...Read More
Realtor-Client Double Standard There are really only two rules when it comes to proper attire for a home closing: 1) the Realtors and other professionals (closers and lender) should wear formal business attire (sorry, no “business casual”); 2) clients can wear whatever they want. Which I guess means there’s only one rule. For men, at...Read More
Housing Market Misnomers One of the biggest misconceptions in residential real estate is that, to be a teardown, a home must first be falling down. Hardly. All “teardown” means is that the home is less valuable than the land underneath it. That can be the case for at least two reasons other than physical condition:...Read More
Listing Agent Hubris(?): Pre-Announcing Multiple Offers “This is a MUST SEE QUICKLY! It will not last, priced to sell quick and/or in multiples.” –Excerpt, recent new listing in Eden Prairie. “Seller allowing showings to start on Friday. All offers to be reviewed on Monday noon. Priced to sell to best offer on Monday.” –Excerpt, recent...Read More
