Unrealistic Sellers Meet Their Match Their counterpart, the Unrealistic Seller, has received more ink and attention, but these days Unrealistic Buyers are just as numerous — and intractable. As a public service to would-be Home Sellers, herewith are my top ten signs that you may be dealing with an Unrealistic Buyer (any resemblance to real...Read More
“So, How’s the Market?” “A recession is when your neighbor loses their job. A Depression is when you lose yours.” –uttered by Presidents Truman and Reagan (and many others) Little remarked — but equally true — is the converse: a “bounce,” at least in the real estate business, is when you are busy; a “boom”...Read More
Want to Stand Out? Drop > 10% Want some anecdotal evidence about housing market conditions these days in the Twin Cities? Higher Bar. Edina Realty, the Twin Cities’ largest broker, requires price reductions of 10% or more to qualify for intra-company email distribution (I believe the policy actually dates back to this Summer). Previously, the...Read More
MLS Rentals No, that’s not what some housing market, somewhere, did last month or year, or the first day “pop” in a new IPO (“initial public offering”) on Wall Street. That’s the one-day increase in rentals listed on MLS. Before anyone gets too excited, though, that number reflects an increase from 11 listings to 18....Read More
Metro Homes Under $40k According to a quick search on MLS this morning, there are exactly 463 residential properties in Minneapolis and the West ‘burbs for sale for under $40k. To be sure, the majority are in rough condition, in tougher neighborhoods; the ones that aren’t, are typically condo’s. Small condo’s. But still. When even...Read More
You Read it Here First In the course of helping clients find a rental property the last 2 weeks, it’s become abundantly clear that the rental market is much more fragmented and chaotic than the For Sale market. And pricing is much sloppier (what you get for, say, $2,500/mth runs the gamut from properties worth...Read More
