Are you looking for a home near the Light Rail Transit line in South Minneapolis? You’ve come to the right site. We’ll talk about homes in a minute, or you can skip to that section of this article. The LRT The Light Rail Transit line, or LRT as we call it locally, is a train… Continue Reading
Winning at Multiple Offers
Today’s market is difficult for buyers. The inventory is so low, and the demand is so great, that many houses are going in to multiple offers. In the past few weeks, I’ve written many offers that were in multiples, and have won several of them. There is more than just price that can win a… Continue Reading
2013 March Monthly Report – The Skinny
The market still remains a sellers market, with not enough inventory, and a flurry of buyers trying to get homes. 75% of the homes that I have written offers on have been in multiple offers, from as few as 3 offers per home to 14 offers on one particular home. The entry-level price point is… Continue Reading
5 Inexpensive Staging Tips
There are many things that people can do to get their house ready to sell. 1. Declutter is the #1 item to do on the list. This means putting away most of the personal items, and cleaning off the counters. 2. Clean and dust everywhere. And I mean everywhere. This includes the top of the… Continue Reading
Did my home really appreciate 14% last year
As a listing agent who lives in the Nokomis Minneapolis neighborhood, I get this question often. Everybody hears that the market has changed and that the median house price went up 14% over last year. There is some truth to that, but it’s not as simple as it sounds. The 14% appreciation is the increase… Continue Reading
What is a short sale
First of all, a Short Sale is anything but short, fast, or quick, despite the name. A Short Sale by definition is where the seller is selling the home, and is “short” on the money needed to pay off the mortgage in full, hence the name “short” sale. Well, that’s all find and dandy, but… Continue Reading
Traditional Sale vs Short Sale vs Foreclosure
Traditional Seller A traditional seller is a home that is owned by a person (or people) that are trying to sell their home. This is the typical seller, such as John and Jane Doe on Main Street. When making an offer to a traditional seller, the response time is usually within a few hours, and… Continue Reading
2013 February Monthly Report – The Skinny
I am providing a brief summary of what’s going on in the Twin Cities housing market. We had record number of buyers out purchasing homes in January 2013 with 13% more houses being sold! That is an 8 year high. That being said, inventory is also down. There are 32% less homes available for sale… Continue Reading
Why are so many homes on the internet not available?
I’m sure you have seen it time and time again. You find a home that is listed online as “for sale” but when you call, the agent says that there is already an offer on the property. What?? Why is it still listed then? Well, I can explain why this happens. The MLS system that… Continue Reading
2013 January Monthly Report – The Skinny
The monthly numbers are looking good. We have a better housing supply with less foreclosures and short sales on the market. Buyers have purchased in record numbers, putting us back to 2006 in terms of volume. We are clearly in a sellers market with 2.9 months supply. But buyers are still winners since prices are… Continue Reading