When “Sold” Doesn’t Mean “Sold” At least in Minnesota, when you see a “Sold” rider above a “For Sale” sign in front of a house, it doesn’t mean “Sold” — it means “Pending.” Huh?? The (admittedly confusing) convention is to pronounce a home that’s under contract and past Inspection — but not yet closed —...Read More
When “Sold” Doesn’t Mean “Sold” At least in Minnesota, when you see a “Sold” rider above a “For Sale” sign in front of a house, it doesn’t mean “Sold” ” it means “Pending.” Huh?? The (admittedly confusing) convention is to pronounce a home that’s under contract and past Inspection ” but not yet closed ”...Read More
When “Sold” Doesn’t Mean “Sold” At least in Minnesota, when you see a “Sold” rider above a “For Sale” sign in front of a house, it doesn’t mean “Sold” ” it means “Pending.” Huh? The (admittedly confusing) convention is to pronounce a home that’s under contract and past Inspection ” but not yet closed ”...Read More
Second Bite(s) at the Apple Why see a home that you likely can’t buy? In a nutshell, that sentiment explains why showings plummet once a “For Sale” property is officially under contract. In most cases, the Buyer and Seller are able to resolve any issues that come to light during inspection, and the transaction progresses...Read More
When “Sold” Doesn’t Mean “Sold” At least in Minnesota, when you see a “Sold” rider above a “For Sale” sign in front of a house, it doesn’t mean “Sold” — it means “Pending.” Huh? The (admittedly confusing) convention is to pronounce a home that’s under contract and past Inspection — but not yet closed — as “Sold,” even though...Read More
Price as a Function of Market Time Assuming a “For Sale” home is well-prepped, priced and marketed, is there a way to know how much it sold for prior to closing, when the number will become public? That is, without finding out from the Buyer, the Seller, or their agents (who shouldn’t be sharing that...Read More
