Tag

unmotivated seller

Prospective Home Sellers Who Get a 2nd Opinion — and a 5th, 6th & 7th

Looking For a Realtor?  Or (Lots & Lots of) Compliments? I heard about a prospective home Seller the other day who interviewed seven (!) Realtors to list their home (I wasn’t one of them). To be sure, the home was a multi-million dollar estate on Lake Minnetonka, but still — seven Realtors?? I’m sure that...
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Non-MLS in a Seller’s Market? Why??

“Shadow Listings” “Don’t be an undercover agent.” –Advice routinely given to new Realtors (i.e., let people know you sell homes) Here’s another explanation for the scarcity of local (Twin Cities) housing inventory, in what should be the busiest time of the year for new listings:  stuff’s for sale — but it’s non-MLS.  See also, “The...
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Two Types of Overpriced Properties Today

You Know They Know You Know (Know What I Mean?) Not all overpriced homes are created equal (and today’s housing market seems to have more than usual). In fact, it sure seems (at least to me) like they divide into two camps:  1) Sellers who are overpriced and know it; and 2) Sellers who are...
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Housing Market “Perennials”

The Serial Cancel-and-Relist Property If early May is when perennial flowers bloom (at least in Minnesota), it’s also when the real estate equivalent (re)appears:  the oft-listed, oft-cancelled property that comes back on the market each Spring after not selling the previous season(s) — albeit at a better price. By definition, these properties are characterized by one (or more) of...
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(More) ZIRP Side Effects: Unmotivated Sellers

Paid-Off House as Piggy Bank To the already long list of unintended consequences of zero percent interest rates (“ZIRP”) — squeezed savers, flush investment banks (and bankers), volatile commodity prices, etc., etc. — add one more:  lack of (home) Seller motivation, especially amongst long-time owners with little or no debt. Why the lack of motivation? Because they...
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Sellers Who “Don’t Really Need to Sell”

Telling Sellers What They Want to Hear — Initially It doesn’t happen to me that often, but — believe it or not — there are occasions when I interview for a listing, and the would-be client decides to go with another Realtor. In fact, I fielded a phone call informing me of that news earlier this week....
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