Congrats to Edina Realty Title’s Richelle Pikala For a Realtor, closing 662 deals would be a breathtaking achievement over a 30-year career. So, that’ll give you an idea exactly how impressive it is to handle 662 sales, as a real estate closer, in just one calendar year. That 2018 production qualifies Richelle Pikala as Edina Realty...Read More
Three Factors How much do you discount for a one-car garage? The short answer: “it depends.” Specifically, I think that the three most important variables are: One. What is the surrounding housing stock like? In close-in, older Minneapolis neighborhoods, many homes have one car garages (still). Detached, one car garages. When that’s the standard, the...Read More
Who’s on First?” ” Real Estate Edition [Editor’s Note: 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.] Exactly what role(s) do licensees, principals, agents, subagents, brokers, dual agents, and facilitators play...Read More
[Editor’s Note: You know there are a lot of recent storms — and storm damage — when a post that originally appeared 5 years ago suddenly starts getting hits. I’m re-running the post (below) as a service to anyone who’s digging out from under. My sympathies . . .] I don’t usually associate “balls” with...Read More
Man Bites Dog ” Real Estate Edition One of the odder anecdotes from a continuing ed class the other week was the hapless home seller who got sued not because their house was haunted ” but because it wasn’t. Apparently, the Seller had disclosed in their Minnesota Seller’s Disclosure that the home had experienced “paranormal...Read More
Three Variables Homes on busy streets typically fetch a discount. Is there an equivalent discount for homes located across from a school? (which, in a way, is really just a subset of the “busy street” discount). I’ve never seen data on this, but I’d guess “yes.” I’d further speculate that the discount varies depending on...Read More
