College before cell phones and the internet

old phone
telephone

It is Friday and Fridays are for fun. I remember when I went away to college. There was no internet,  facetime or cell phones. Maybe there were “car phones” but the average family did not own one.

Most of our parents were not “snow plow” parents. We had to deal with our own stuff and while away at college if we wanted to talk to the folks we used the one shared phone in the phone room in our dormitory. There was one phone on each floor.

When parents called if someone answered they had to find us. Sometimes they just stood in the hallway and yelled. When something went wrong we had to handle it ourselves. In fact, as a young adult, I took pride in being able to manage my life without help from mommy and daddy.

Times have changed. College students and their parents keep in touch with each other with daily calls, text messages, and video chats. I feel lucky to have experienced college the way that I did. I graduated and was ready for adulting.

I also experienced this as a parent when my daughter taught in France for a school year. Our only communication was via email and a long-distance calling card. Sometimes I worried but I knew she could do it and she did.

 

New windows – new construction

The houses in St. Paul are old and they have old windows. If you are buying an old house expect old windows. Don’t ask the seller to replace all of the windows. If you want new windows purchase new construction or buy a house with old windows and have them replaced.

If you are selling your house be prepared. Home buyers will ask for new windows. If you are buying a house be prepared. Most homeowners are not going to replace the windows.

Windows can be repaired or restored. Sometimes new storm windows will make old windows more energy efficient.

Cat in window
cat in the window

I don’t care about your team

Team
Team

Teams are popular in real estate. They are made up of real estate agents and administrative staff. Teams are a great way to defuse responsibility. When something goes wrong, one team member can point to another as the responsible party.

Most teams have some kind of a “transaction coordinator”, which seems to be a bottleneck in the system. An agent representing a buyer will tell me that I need to wait for the transaction coordinator for a signed document. In my world everything is electronic and I can send out any document and get it signed within minutes even if I am away from my desk.

There are buyer’s agents on teams; all they do is represent home buyers. The buyers are leads that the team “captured”. A buyer’s agent can have many transactions in a year and they have to work that way because they often only get a small percentage of the commissions they earn. The rest of it goes to the team lead and the broker.

If you call one team member to ask about a home the team has listed for sale, the team member doesn’t know anything about it and will pass your call along to the listing agent.

Selling real estate isn’t really a team sport. The whole point of the team is profits for the leader at the expense of the broker.

Don’t be too impressed if you are a home seller and a real estate agent tells you they are part of a team and that the whole team will work for you. They won’t.

This may sound like a cliche but when I work with a buyer or seller the buck stops here. I take responsibility for the home sale or purchase. I do work with others as I pass contracts along so that the sale can be closed. I know inspectors, lenders and people who can fix things. In a way, they are all part of my team yet I am the one who is responsible and all my clients only need one contact.

 

Home sales by Neighborhood August 2024

chart with home sales bu neightborhood
Home sales August 2024

Home sales numbers don’t change much from month to month. Prices continue to rise and overall the sale price is higher than the listed price.

The numbers used to make the table were extracted from the NorthstarMLS, imported into MS Excel, and sorted, never stirred. The data is deemed reliable but not guaranteed. There are few guarantees in life.

Happy Monday.