Aren’t Multiple Offers Good For Sellers?? Listing Agent: “How did the showing go?” Buyer’s Agent: “Great! They loved it.” Listing Agent: “Is the Buyer going to write?” Buyer’s agent: “No.” Listing agent: “Why not?” Buyer’s agent: “The Buyer doesn’t want to participate in an auction.” –Email exchange between Buyer’s agent and Listing Agent (representing Seller)...Read More
Blast email: “Buyer Need — Deer Run, Victoria” I couldn’t figure out why an Edina Realty office manager was broadcasting — via email to 2,100+ Edina agents this week — what initially looked like “Buyer Need — Beer Run.” Then I re-read the email; it actually said, “Buyer Need — Deer Run, Victoria.” My bad (good?) ....Read More
“Coupon Caveats,” or, When the Sum of the Parts < The Whole [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.] There may be valid reasons to buy an annual Barnes & Noble membership for $25. But, the promised $50...Read More
Avoiding “The Bowling Alley” Effect First, a caveat: unless there’s also a detached garage in the back of the house (typically, off an alley), converting a one-car garage into something else is a non-starter. That’s because going from a one-car garage to a no-car garage is guaranteed to destroy much more value than it creates. But, assuming that that’s not the...Read More
Avery Fisher Hall David Geffen Hall I have no idea who Lincoln Center namesake Avery Fisher was. Twenty years from now, it’s a good bet that no one else will, either. That’s because, in exchange for a ginormous gift from entertainment mega-mogul David Geffen, New York’s Lincoln Center recently agreed to rename its Avery Fisher...Read More
“Whole” vs. “Fractional” Floors Homes have half-Baths; why not half-floors? Or multiple half-floors? Functionally, that’s exactly what a Split-Level is. Ramblers & Two-Stories Of course, the easier cases are ramblers and two-stories. Digitally, a rambler with a finished basement would be expressed as “+1.0; -1.0” for the first floor and lower level, respectively. A two-story with...Read More
