Not So Golden — Or Plentiful Once upon a time — like three years ago — having an out-of-town Buyer, especially from an expensive market like California, could be like winning the lottery for Minnesota Sellers. After all, it’s just human nature for Buyers to bid more freely in a market where everything seems cheap...Read More
Typical Late August My office, Edina Realty City Lakes, tracks weekly statistics by several categories: new listings, showings, pending sales, closings, etc. From a peak of almost 300 showings earlier this month, weekly showings are down about 50%. Meanwhile, closings — which reflect activity 6-8 weeks earlier — are WAY up. Typical late August ....Read More
Meticulous Prep + Market Exposure = Full Price The corollary to “Overpriced? How to Tell,” is that it is impossible for a good Realtor to underprice. Why? Because good Realtors make sure that the homes they list are in optimal condition before they hit the market, then benefit from a tsunami of marketing exposure before,...Read More
Real Estate “Natural Laws” Every Realtor with any experience can echo the following sentiments: If your home is on the market and no one is looking at it, it is priced too high. If Buyers are looking at it, but no offers are coming in, it is priced too high. If it is priced too...Read More
Casing a Home in 10 Minutes Flat (In a Good Way)One of the many, behind-the-scenes things that good Realtors do for their clients is preview. Whereas a showing is when a Realtor views a for-sale home with their client, a preview is when they look without the client along. Schedule permitting, I preview as much...Read More
Jumbo Prices, Jumbo Selection I’m not a big wine drinker, but I’ve always believed that wine prices were characterized by a “law of diminishing returns.” In other words, while an average $8 bottle might be twice as good as an average $4 bottle, a $16 bottle probably isn’t twice as good as $8 — and...Read More
