“The No Feedback” Feedback Unbeknownst to many prospective Buyers, their agents receive emailed “feedback forms” immediately after showing a property. The templates vary, but the general format is to ask for comments regarding the home’s interior condition, exterior condition, curb appeal, staging, and price. Ratings can be either numeric (1-10), or qualitative (“good,” “fair,” “poor,”...Read More
[As they say on TV after a long interruption: ‘now, back to our regularly scheduled [real estate] programming . . .’] You’re Invited! Where: 2600 Inglewood Ave. South (St. Louis Park’s Fern Hill neighborhood)What: All-brick Georgian Colonial with 3 BR/2A, gorgeous hardwood floors (newly refinished), and just under 2,000 FSF How much: $374,900When: first open...Read More
What Goes Down . . . Must Come Up? When buying is cheaper than renting, markets begin to turn. At the current rate of sales, there is less than three months of inventory in the Sacramento market. In normal times, that would indicate a seller’s market. Except these are not normal times. The unemployment rate...Read More
Return of the Motivated . . . Buyer?? For as long as anyone can remember, all anyone’s talked about in the housing market are motivated Sellers. As in, desperate for a deal, because their house has sat on the market for eon’s and they’re running out of time to make a move. Or, if they...Read More
A Price Cut By Any Other Name When is a home price cut not a price cut? When it’s billed as “Seller financing” (or other creative Buyer inducements). In a soft rental market, landlords will do practically anything to entice prospective renters without actually lowering their nominal rental rates. By far the most popular gambit...Read More
In Buyer’s Market, Rehab Discount Widens Less than three years ago, the discount on a solid-but-dated home was quite small — maybe 10%. Today, at least anecdotally, it seems to me that the corresponding discount has widened considerably, to perhaps double that. (Note: at any given time, there are two kinds of Buyers for rehab...Read More
