Chaperoned Showings: “Listing Agent Must Be Present For All Showings” It certainly CAN be a negative when a “For Sale” home — usually upper bracket — has restrictive showing instructions (other variants: lengthy advance notice; financially pre-qualifying Buyers; no previews; and/or no public open houses — ever). It’s also usually a “no-no” for a listing agent...Read More
28 Showings in 2 Months Whatever their shortcomings may be, the agent who generated 28 showings for their listing client in less than two months isn’t a lousy marketer (note to non-Realtors: that’s A LOT of showings — at any price point). And yet, the Realtor’s client reportedly wasn’t happy with them. What gives? The...Read More
“Anyone Know a Good Welder??” I don’t know about the rest of the economy, but inflation is very much afoot in the upper reaches of the Twin Cities housing market — specifically, new homes. Anecdotally, I’d estimate that prices for upper bracket new construction in places like Edina, Minnetonka, and select Minneapolis and St. Louis...Read More
Hard to argue with the sentiment expressed on this vanity license plate (spotted today near the Lakes, on my lunch break). The only catch: skipping gas and switching to electric will set you back $80k (?), at least if you want a Tesla.Read More
How Many Square Feet is THAT?!? At first blush, the home pictured above looks like it has something like 30,000 finished square feet, not the relatively puny 4,400 FSF listed on MLS — and is worth A LOT more than the $2.15M asking price (even in the affordable Midwest, genuinely palatial digs cost more than that). Looking more closely,...Read More
Maybe It’s the Other Way Around “New construction often brings down the value of older homes, which wear out and go out of fashion, dragging down prices.” –Robert J. Shiller, “Housing Market is Heating Up, If Not Yet Bubbling”; The New York Times (9/29/2013) It’s a classic glass half full/half empty debate: housing bears such...Read More
