2014 March Monthly Report – The Skinny

2014 March Monthly Report – The Skinny

This year’s winter has taken its toll on the housing market. We are off to a soft start this year. Over the various opens that I’ve held in the past 6 weeks, I’ve heard a lot of “we’re just starting” and “this is our first day out” and “it’s too early in the process forContinue Reading

2014 February Monthly Report – The Skinny

2014 February Monthly Report – The Skinny

January was a very cold month. Sellers were down, and buyers were also down. As prices rise, there are less underwater homes, and more sellers are coming on the market. But this is taking its time, mostly due to weather. Median sales price is up 12% to $174,000 For the sellers that have a “readyContinue Reading

2014 January Monthly Report – The Skinny

2014 January Monthly Report – The Skinny

2013 was a good year for sellers. Homes sales and prices were higher. Foreclosures and short sale homes were significantly lower. we had more closed sales in 2013, totaling 53,087, or an increase of 8.8%  5 year high home price $192,000 10.5% less homes for sale. With all of these factors, multiple offers are still veryContinue Reading

Are Auction Homes worth it?

Are Auction Homes worth it?

Once in a while, you may see a home listed for sale at a ridiculously low price of $1. Yes, a dollar. Almost always, this indicates that the house is being sold under auction terms. Some times a different house may be identified as going under auction, with a higher price. Either way, auctions canContinue Reading

2013 December Monthly Report – The Skinny

2013 December Monthly Report – The Skinny

In November, we saw much of the same as through the year. Overall closed sales down 5.9% due to far fewer foreclosures and short sales. Inventory is still down, and multiple offers are still common. The median sales price is holding steady at $195,000. Watch the full video for more information:

2013 November Monthly Report – The Skinny

2013 November Monthly Report – The Skinny

Sellers new listings are up 15%, but most of the gains are in the traditional sellers, which is up a huge 39%. Foreclosures and short sales listings are both down almost 50% each. This is great news, that the market is more stable than before, with fewer foreclosures and short sale properties. Overall the inventoryContinue Reading

The Difference Between “In Foreclosure” and “Foreclosed”

The Difference Between “In Foreclosure” and “Foreclosed”

What’s the difference between these two terms? In Foreclosure In foreclosure means that the house is in the process of being foreclosed. This is the time period where the seller has been notified of the start of the foreclosure process, to the sheriff sale, to the end of the redemption time period. In Minnesota, weContinue Reading

Staging a home

Staging a home

5 Reasons to stage a home for sale? There are several reasons why I recommend staging a home before putting it up for sale. I’ve listed my top 5 below. Read on. It’s the basis of marketing Marketing a home starts with the basics. You have to start with a strong foundation and build uponContinue Reading

2013 October Monthly Report – The Skinny

2013 October Monthly Report – The Skinny

September is pretty much the same as August. Overall there are a few more listings than in the past, but it is still a thin market. Buyers are still competing in multiple offers. Demand is still strong due to 4 factors: Affordable mortgage rates – interest is still under 4.5% on a 30 year mortgageContinue Reading

Reasons why association dues vary

I was recently showing a condo property in the Eagan and Burnsville areas to one of my clients. They were asking me why the association dues vary so much between buildings. Well, there can be several reasons and I’ll cover some of the top reasons in this post. Shortage of reserves I recently heard ofContinue Reading