Slow Market? Not for this Property! Even in a slow market, real estate is bought and sold every day of the week. Even Christmas Day. Don’t believe me? Check out 3253 Holmes Avenue South, a fourplex just east of Lake Calhoun that hit the market this morning (yes, Christmas Eve): http://matrix.northstarmls.com/de.asp?k=411903X1JL0&p=DE-38861690-592 According to the listing...Read More
“Honey, I Blew Up the Financial System” Question: What do you call a financial house of cards that’s insured? Answer: an even bigger financial house of cards. Just as portfolio insurance was fingered as a prime culprit in the 1987 stock market crash, another kind of insurance — against credit defaults — is rapidly emerging...Read More
From Worst to First, or, Housing “Leapfrog” More than one would-be Seller has quietly harbored the hope that they wouldn’t have to spend big money getting their home ready for market — or face Buyers beating them up on their home’s condition — because, after all, “it’s probably a tear-down.” Unfortunately, more than 95% of...Read More
Many are Text-Messaged . . . Few are Chosen I always thought an unwritten rule of criticizing the SAT’s — (way) back in high school — was that to be credible, you had to have scored well. If you did poorly and were critical . . . it was just sour grapes. Well, in that...Read More
What’s the difference between a good real estate agent and a great one? A good agent thinks that their job is to attract a well-qualified buyer willing to pay the seller’s asking price. A great agent thinks their job is to find . . . three or four of those buyers. Especially in a buyer’s...Read More
