“The Preference for Pottery Barn” (Decor) Contrary to popular perception, not every Twin Cities home new to the market is immediately getting snapped up in multiple offers right now. What kind of home is? Here are the four attributes that such homes seem to most often share: One. Price point, i.e., they occupy the lower...Read More
Short-Term Forecast Twin Cities real estate pro’s are anticipating a slow-down from this Spring’s torrid pace sometime later this Summer. Why? a. Rising interest rates; b. Projected low levels of inventory; c. Declining home affordability, especially in the market’s lower rungs most popular with first-time Buyers; d. Cumulative agent exhaustion. Correct answer: all of the above. Minus...Read More
Clean vs. Cluttery Offers With multiple offers breaking out all over the Twin Cities housing market now, it’s a smart idea for prospective Buyers competing for a home to know what, besides price, is likely to set their offer apart . . . for both good and bad. Good: a short, clean offer with a...Read More
Easier Sell in Summer The problem with tuck under garages is what’s “over” the “under”: I’ve now shown three homes in the last month where one of my (Buyer) clients’ main objections was that the bedroom floors directly above the garage were cold (admittedly, that was before the Twin Cities basked in 80º temps this...Read More
< + Δ [Editor’s Note: Nothing in this post or on this blog should be construed as offering legal counsel. If you require legal advice, please consult an attorney.] If you want to skip my post, “Counteroffer vs. Amendment vs. Addendum” and cut to the chase, here it is, in three easy symbols:...Read More
One Less Rambler Near the Lakes Continually replace the cheapest house on the block with the most expensive, and what happens? The block’s median sales price increases. Sometimes gradually, if the pace is slow. Or sometimes, quite rapidly, in the case of several high-demand pockets near the City Lakes right now. Thanks to such redevelopment,...Read More
