Can’t Sell It? Sub-Divide It! As has been painfully noisily clear the last week or so, the landlord’s solution to filling the hard-to-lease retail space — directly below the Edina Realty – City Lakes office in Calhoun Village — has been to subdivide it. So, instead of the 3,000 square foot-plus space formerly occupied by Hollywood...Read More
Pop Quiz “Nov. 21, 2010.” “July 9, 2010.” “Oct. 10, 2010.” What exactly are those dates? A. When Realtors submitted offers on short sales in the Twin Cities, and are still waiting for formal responses from the bank(s). B. The expiration date(s) of various food items left in the Edina Realty – City Lakes fridge. Answer: ...Read More
Avocado Accents I don’t know why, but this Kitchen — and rug — just make me smile! The home it goes with is located at 3309 41st Ave. South in Minneapolis; the list price is $235k. The photographer who took the photo is Nina Nelson. P.S.: nice way to bring out the green Kitchen walls.Read More
Why Aren’t Contracts for Deed More Popular? With interest rates in the toilet and the stock market having already almost doubled from its 2009 low, you’d think that there’d be more takers for contracts for deed. An alternative to bank-financed mortgages, they allow Buyers with tarnished (or too-brief) credit histories to buy, and Sellers to sell...Read More
From Floor to Ceiling Last year, 90% of you were in the top 10% of your class. Today, 90% of you are in the bottom 90% of your class. –Stanford Dean of Admissions Fred Hargadon, to each incoming class at freshmen orientation Five years ago, if a home’s tax assessed value was relevant at all...Read More
Is “Now the Time to Buy?” Discretion is the better part of valour. –Idiom Yes, interest rates are scraping along the bottom of multi-decade lows. And yes, home prices are down dramatically — and Buyers have never had more choices. Unfortunately, all those things were just as true in 2008 as they are now. And...Read More
