Home Focus: 38xx Harriet Ave. (South Mpls.) What: 2 BR/2 BA; 1,364 FSF in South Minneapolis’ Kingfield neighborhoodWhen: On market 4/17/09; closed: late MayList Price: $75,000Sold Price: $91,000% Over List: 21% This home sold for $91,000 — a mere 21% over asking price. I was told that there were at least 8 offers on this...Read More
Appraisal Issues Back on the Front-BurnerAs the saying goes, “April showers bring May flowers.” In the real estate market this Spring, the equivalent is, “April multiple offers bring . . . May appraisal issues” (OK, so it doesn’t have the same ring to it). One of the consequences of a home selling in multiple offers...Read More
Where: 2600 Inglewood, in St. Louis Park’s Fern Hill neighborhood What: 3 BR/2BA Georgian Colonial with just under 2,000 FSF How Much (Asking Price): $374,900 When: May, ’09 Who: Ross Kaplan, listing agent Case-Shiller may show that the Twin Cities dropped 6.1% in March, but that didn’t stop this handsome Colonial from selling quickly (technically,...Read More
“Are the Case-Shiller Numbers Right?” Chris Snowbeck at the St. Paul Pioneer Press is soliciting local Realtor and lender feedback to the latest Case-Shiller housing statistics. The (absymal) March numbers showed a record one-month fall of 6% in the Twin Cities. Snowbeck’s question to the “experts” (myself included): ‘are the Case-Shiller numbers accurate?’ Here’s what...Read More
Real Estate ‘Lightning’ Does love at first sight happen in real estate? Absolutely. However, I’d say it occurs less than 10% of the time. When it does, though, you know it: like lightning striking, the Buyer — or Buyers, if it’s a couple — immediately have a changed look in their eyes and, in fact,...Read More
“Left at the Altar” It’s every Seller’s worst nightmare: you’re hours away from getting the last set of signatures that will make it a “done deal,” when the Buyer informs you that they’re backing out. Why? Because they found something that they like better. Does it happen? Sure, but much less often than you’d expect,...Read More
