Going From a Royal Carriage Back to a Pumpkin [Note to Readers: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced. If you need legal advice, please consult an attorney.] Any Realtor who’s represented a Seller in multiple offers knows the...Read More
Multiple Bad Reasons — and One Good One Homes scheduled to be on Broker Tour ” at least in the Twin Cities, from 11 a.m. to 1 p.m. each Tuesday ” get cancelled for all kinds of reasons. The Seller’s cleaner didn’t show up (or didn’t finish); someone in the household is unexpectedly home sick...Read More
Minimizing the Risk of Going Back to Square One (or Worse) [Note to Readers: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced. If you need legal advice, please consult an attorney.] Any Realtor who’s represented a Seller in multiple offers...Read More
“What You’re OK With If You Get It . . . . & What You’re OK With If You Don’t” One of the most fraught questions Realtors field has to do with multiple offers. Specifically, it’s stressed Buyers beseeching their agent, “What the $%#@! do I offer?” I don’t know about other Realtors, but after...Read More
Level Playing Field — or Stacked Deck? Once a Buyer’s agent has determined that a home their client wants to buy is in multiple offers, the foremost question on every Buyer’s mind is, “What’s it going to take to get this house?” In turn, that depends on the Comp’s; the motivation and number of competing...Read More
Sellers Who “Fall on Their Sword” (or, Did They??) Even in a Seller’s market, not all homes are destined to sell in multiple offers — or at all. When that’s the case, assuming the Seller is genuinely motivated to sell, and the home is already optimally prepped, staged, marketed, etc., a price reduction is indicated....Read More
