Writing on the Wall For Realtors still adjusting to last year’s beefed-up radon disclosure — Minnesota’s Seller Disclosure now includes a mandatory section on radon — there are more such changes on the horizon in 2016 and beyond. Such as: –A Minnesota state licensing requirement for radon inspectors and contractors. –A “system tag” indicating that a radon...Read More
Real Estate Records Retention If you’re: a) a busy Realtor who’s been in business for at least a couple of years (I qualify easily on both counts); and b) do everything by the book (“check,” again), it doesn’t take long for large areas of your home (or at least your basement) to be consumed by...Read More
Edina New Home Prices Approach $3 Million(!) Want to know what the price ceiling for a new Edina home is today (at least, in white-hot East Edina)? Traditionally, land accounts for 25% to 33% of the total cost of a home, including the land. If the Buyer has a $900k budget for just the land —...Read More
“April showers bring May flowers.” —old saying “July deals bring (late) August closings.” —real estate corollary Combine a (very) busy late Spring market, surprisingly low interest rates, and a looming month-end, and what do you get? An exceptionally crowded end of August closing docket. Meanwhile, as for Realtors . . . not so much. At...Read More
Newspaper Headline: “Motivated Buyers Sparked Twin Cities Home Sales to a Record Pace in June” Once again, Twin Cities Realtors are going to have to explain to their clients brandishing the latest housing news headlines why all is not as it may seem. Specifically, even in a Seller’s market — which continues to characterize the...Read More
“You Know a Housing Market’s Hot When . . .” I’ll occasionally get marketing pieces from agents active in Scottsdale, Florida, or other warm spots Minnesotans are known to congregate, especially in the (very) cold winter months. But, I don’t recall getting a pitch from someone based in Denver, soliciting referrals, like the one I got...Read More
