Downtown St. Paul Condos

River Park Lofts at 406 Wacouta

The downtown St. Paul condo market is very unique. There are many real estate professionals in the metro area who not only have no experience with downtown St. Paul, they have a hard time finding the buildings. Experience selling condos is useful too.

While working with a buyer last week I found two agents who have condos listed downtown who knew little about the buildings and I believe that is why the their listings were priced incorrectly, and they were missing information about the units in the listings and of course could not answer questions.

In one case the agents worked as a team so that an offer on the unit was ignored by more than one agent. These agents are all very good at getting clients to list with them. That is their super power. Getting a listing and doing a good job selling a downtown condo are totally unrelated.

There are agents who work downtown who seem to kind of take over in various buildings with many condos for sale in the same building. That can also lead to problems with dual agency and pitting one seller against another as one agent represents several sellers.  These agents commonly charge higher commissions and extract larger fees from their clients too.

I can usually tell right away if the listing agent has no experience in the downtown market and if I am representing a buyer I take advantage of the situation if it helps my client.