32(!) Offers for One House Rampant multiple offers were a staple of the 2005-2006 housing market, too. But back then, at least in my experience, once the listing agent had received 4-5 offers, other prospective Buyers tended to bow out rather than contribute to the feeding frenzy. Today, that no longer seems to be the...Read More
Top Twin Cities Realtors Identified Mpls. St. Paul Magazine and Twin Cities Business just notified local agents who’ve been nominated for their 2017 “Super Real Estate Agent” award. I’m delighted to report that I’m on the list — for the 10th year in row! According to the magazines, “more than 12,000 recent homebuyers, along with Mpls....Read More
“Come Into the Office” (“CITO**”) and Other Realtor Lines ‘Cause if you liked it, then you should have put a ring on it If you liked it, then you should have put a ring on it Don’t be mad once you see that he want it If you liked it, then you should have put...Read More
“Costco to Pay Special Dividend of $7” Costco shareholders (I’m one) got the welcome news last week that the company is paying a special $7 dividend per share next month. That’s enough to buy two (very) large slices of pizza, soft drinks, and a salad at the in-store snack bar (pictured above). In other words, lunch...Read More
Soliciting Customer Feedback From the Math-Challenged Of course, the email solicitation didn’t say the airline would pay customers $1.50 to complete its survey. Instead, it offered “250 bonus miles.” But, do the math — I did — and that comes to a rather measly $1.50 (that’s what you get when you divide $300 by 50,000 points, then multiply by...Read More
The REAL Purpose of Appraisals What is the purpose of an appraisal, in the context of a residential real estate sale? To make sure that, if the Buyer defaults on their loan and the lender ultimately forecloses, the value of the collateral is sufficient to make the lender whole. Or, in plain English: if the...Read More
