Home School Podcast
Real questions, real answers, no fluff. Home School is a real estate podcast built for the Twin Cities metro, hosted by Tom Sommers and Liz Sandwick of Coldwell Banker Realty. Each episode breaks down what buyers and sellers actually need to know — pricing, negotiating, inspections, and everything in between.
Episode 1: Surviving Multiple Offers
Losing out on home after home in a competitive Twin Cities market? In this episode, Liz Sandwick and Tom Sommers break down exactly what it takes to win a multiple-offer situation in Minneapolis and Saint Paul.
In this episode you’ll learn:
- Why homes attract multiple offers in today’s market
- How the right lender can make or break a winning offer
- How to build a real estate team that gives you an edge
- Escalation clauses, explained simply
- Appraisal gap coverage and how it actually works
- What buyers need to know about home inspections in a competitive offer
- Real-world negotiation tactics that help buyers win
Whether it’s your first home or your fifth, this episode gives you a practical game plan for competing — and winning — without overpaying or taking on unnecessary risk.
Episode 2: Price Strategy That Actually Gets You Top Dollar
One of the biggest mistakes home sellers make is believing that pricing higher leaves room to negotiate. In reality, it often does the exact opposite.
Liz Sandwick and Tom Sommers break down the psychology behind pricing strategy and why the first seven days on the market can determine whether a home sells quickly or becomes stale inventory.
- Why overpricing kills momentum
- The importance of the first seven days on market
- How buyers search within pricing brackets online
- The difference between compelling pricing and underpricing
- How pricing affects appraisal risk
- The danger of becoming “that house” that sits on the market for months
Because in real estate, the market always tells the truth.
Episode 3: What Buyers Notice in the First 30 Seconds
The moment buyers pull up to a home, opinions begin to form — before they walk through the front door, before they see the kitchen, before they look at the price. First impressions happen fast, and in today’s market they matter more than ever.
- Why buyers emotionally judge homes within seconds
- The importance of clean entryways, working locks, lighting, and presentation
- How clutter and personal items distract buyers from seeing the home itself
- Affordable ways sellers can improve the appearance of their home before showings
- How professional photography influences online clicks and buyer interest
Because you never get a second chance to make a first impression.
Episode 4: Why Online Home Values Are Outdated
Every homeowner has seen them — the instant home value estimates that promise to tell you exactly what your home is worth with the click of a button. But how accurate are they?
Liz Sandwick and Tom Sommers pull back the curtain on automated home valuations and explain why they often miss the mark.
- Why online home values can vary dramatically from one website to another
- The limitations of automated valuation models
- How sold comparable homes establish a foundation for value
- The role absorption rates play in determining pricing strategy
- The danger of pricing your home based on what a neighbor is asking
Because every home is different, every neighborhood is different, and every market is constantly changing.
Episode 5: The Offer That Beat Everyone Else (Without Being the Highest)
Most home buyers assume the highest offer always wins. The reality is that sellers are usually looking for the offer that gives them the highest probability of closing with the fewest surprises.
- Why higher offers sometimes lose
- Understanding appraisal gap strategies
- Reading seller and listing agent signals
- How to strengthen an offer without increasing price
- What sellers really mean by a “clean offer”
This episode will help you understand how successful buyers win homes while protecting their finances and avoiding costly mistakes.
Episode 6: The First Week Your Home Hits the Market
If you’re getting ready to sell your home, the first seven days on the market are some of the most important — and often the most stressful.
- Why the first seven days matter so much
- What it means if your home isn’t getting many showings
- Why lots of showings don’t always lead to offers
- When a price adjustment makes sense and when patience is the better strategy
- How to separate helpful buyer feedback from comments you should ignore
Understanding how buyers react during those first few days can help you make smarter decisions and avoid common mistakes.
Episode 7: Home Inspection Explained
What does a home inspection actually mean in Minnesota real estate? If you are buying or selling a home in Lakeville, Bloomington, or the greater Twin Cities, the home inspection is one of the most misunderstood parts of the transaction.
- What a home inspection covers in Minnesota
- What actually fails an inspection (and what does not)
- Who pays for repairs
- Minnesota-specific conditions: radon, ice dams, aging HVAC, sump pumps, foundation movement
Most inspection issues are not deal breakers — the key is understanding what is safety-related, what is maintenance-related, and what is simply negotiation leverage.
Thinking About Buying or Selling in the Twin Cities?
If you have questions about anything covered in this podcast, I’m happy to help.