Biggest Sunday of the Season for Open Houses? This Year Better Make That, “May 4” In a typical Minnesota Spring housing market, the biggest Sunday of the year for open houses is usually the Sunday after Easter. That’s because there’s a predictable bounce-back after a two-week lull during the peak of the season. And then there’s...Read More
Wrestling With Realtor Guilt Just like it’s always a good time to buy, some Realtors (and Brokers 🙂 ) say it’s always a good time to hold an open (house, that is). Like today, Easter Sunday. See, “Open Houses on Easter Sunday.” I disagree. Realtors need down time and family time, too (and dare I...Read More
Test your knowledge of the Twin Cities housing market, and answer the following multiple choice question: Where is the to-be-built home pictured above and below located — and what is the asking price? A. Edina’s South Harriet Park neighborhood; asking price: $1.2 million. B. Edina’s Morningside neighborhood; asking price: $875k. C. Between Diamond Lake and...Read More
(More) Signs of a Seller’s Market I would never counsel a Seller to list their home with the condition that any sale is contingent on their finding another home. What Buyer wants to enter into a deal not knowing when — or even IF — their Seller is able to find their next home? What if the...Read More
Putting the Squeeze on Realtor Commissions?? Realtors track the housing market all sorts of ways. In my case, that includes monitoring the activity of my own listings; reading widely, both housing-related material and not; noting what I observe showing homes to my Buyer clients; and listening to what’s being discussed at the various Realtor meetings I attend weekly....Read More
Manhattan vs. Minneapolis You know you’re talking about a different housing market — OK, planet — when local Realtors casually toss off observations like the one above. See, “Manhattan Feels a Russian Chill” (The New York Times; March 28, 2014). In this case, the Manhattan-based agent was explaining why Russian oligarchs seeking to keep a...Read More
