Location x 3 Test your knowledge of the Twin Cities housing market, and guess how much this 2,400 square foot, 1 1/2 story home is listed for: A. $219,900 B. $339,900 C. $409,900 D. $649,900 Answer: “D.” The explanation? The home is located in white-hot East Edina, on a street where empty lots are selling for over...Read More
“Now You See It . . . Now You Don’t” Once a “For Sale” home is under contract, the usual convention is to switch its MLS status from “Active” to “A,i” for “Sold, subject to inspection.”* That lets all other prospective Buyers know that there’s somebody ahead of them. So, what happens if the Buyer’s...Read More
Need a Contractor? Take a Number If you’re a Twin Cities homeowner trying to remodel a Bath, re-paint the Amusement Room, or even deal with a plumbing emergency, you doubtless already know: local contractors are in scarce supply. So, which trade/specialty has the longest backlog right now? My nominee is radon remediation contractors. Thanks to beefed-up...Read More
April Deals Bring May (& June) Closings If you assume that mid-April is the peak of the Spring housing market (correct most years), and that the average lead time to close a home purchase is six weeks (true), that makes the peak for closings . . . right now. In fact, when the last day of the...Read More
Three Key Factors Besides Price Tag, Scope of Work Discounting for a home’s “vintage” condition is inherently subjective. Some Buyers don’t want to tackle anything more challenging than painting a Bedroom (if that). Others — especially if they have contracting skills (or access to them) — are up for remodeling the Kitchen, Bath’s and anything...Read More
“Three Strikes & You’re Out!” Even under the best of circumstances, today’s deluge over much of the Twin Cities would have kept down attendance on Broker Tour (held each Tuesday from 11 a.m. to 1 p.m.). However, combine that with the first day back after a long holiday weekend (strike #2); and the fact that...Read More
