Lots of Extra Tasks — But Also One Less It’s no secret that participating in multiples offers can be challenging: for stressed Buyers, their exhausted agents, and even listing agents (representing the Seller), who may be overwhelmed by the number of offers. Fortunately, there’s at least one standard, time-consuming task that Buyers’ agents in multiple...Read More
“Sold, Subject to Inspection” Why would an agent show Buyers a home that’s already under contract? Because the clients are (just) learning the market, and their agent is showing them the home for illustrative purposes only — that is, to educate the Buyer about how much/what kind of house can be had at a specific...Read More
How Sellers Can Avoid Wear & Tear From Buyer Showings, or, “The 96 Hour Listing” Not every new-to-market home seller has such an accommodating schedule — or a home positioned to sell so fast. But, for those who do, the following timetable is next to ideal: Thursday a.m.: debut house on MLS. Thursday afternoon: leave town...Read More
List Price Multiple Choice This is a two-parter. Question #1: The list price for this Twin Cities 4 BR/2 Bath 1950’s rambler — new on the market last Friday (3/24) — is . . . A. $219,900k B. $299,900 C. $425,000 D. $619,900 Answer: “D.” Question #2: the reason it’s likely to get that amount...Read More
Letting Buyers Off the Hook Sometimes, the smartest thing a good Buyer’s agent can do is let their client off the hook — and give them permission to pass on something. That can be because the client just started their home search, and doesn’t know the market yet; a home they really like is in...Read More
“Highest & Best,” Defined One of the more anguished — and fruitless — laments uttered by Buyers who just heard they lost in multiple offers is: “But, I would’ve gone higher!” Then, they should have. The way “highest & best” works is . . . pretty much how you’d think. One round, highest and best...Read More
