What's the Point a Home Inspection Anyway? - 02/27/08 07:52 PM
Inspections are a critical part of home buying. They are also a problematic point in the deal. After negotiation, after a deal is struck, then we inspect, and really find out what were buying. Most Inspection Contingencies allow the buyer to re-negotiate the contract post inspection. But I suggest that this is done … (5 comments)
The Real Estate Deal: Win Win or Loose - 02/27/08 10:36 AM
Real estate isn't like football, or any sport, with a winner and looser. It's not a battle between, Buyer and Seller, it's an agreement. If both parties don't want the deal, it just won't happen. Success is getting it done, Success is working out a deal everyone's happy with. This fundamental simple … (5 comments)
Old School Rules - 02/26/08 11:00 PM
The ‘old' rules still apply 1. "Location, location, location" The most important factor to buyers in a 2007 survey from NAR 65 percent of all respondents) was the "quality of the neighborhood." More importantly, offer prices and list prices vary greatly by price, neighborhood and property type. Being off by 10% will kill … (2 comments)
Minneapolis, Minneasota: Top 5 MLS Districts - 02/26/08 08:53 AM
Well the RREAR is out! That's the 2007 Residential Real Estate Activity Report
prepared by the Minneapolis Area Association of Realtors (MAAR). If you like to toss around real estate stats at parties this is your meal ticket! It is truly an awesome read for real estate buffs. MAAR continues to … (0 comments)
Minneapolis, Minneasota: Market Observation: The Root Cause - 02/26/08 08:12 AM
Supply and Demand are a driving force in any market. In the real estate market, supply and demand are currently the most important single factor to consider. Quick Caveat - I think the current market is a good one. I represent buyers and sellers. In this marker my clients are by … (0 comments)
Minneapolis, MN: Market Update - Feb 25th, 2008 - 02/25/08 08:40 PM
The Twin Cities Real Estate Market is as volatile as the weather, warm/cold/warm/cold. The market is generally flooded with listings, and this long term issue will take many months to correct. But a strong under current of demand keeps things interesting. Buyers continue to show strong interest. Pending sales made a strong … (6 comments)
Getting top dollar for your home: What everyone should do before selling - 02/25/08 11:49 AM
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Is your home ready
to sell? Are you House Blind? … (3 comments)
Eden Prairie, Minnesota: Market Update Up 12% HOT!!! - 02/19/08 03:39 PM
Eden Prairie continues to rise in spite of soft market condition elsewhere. While the Metro area's average sales price drops, and in spite of neighboring communities doing the same, Eden Prairie posted a 12.1% rise in the average sales price for 2007. Average sales price can be a misleading statistic, but is usually gives … (1 comments)
Minneapolis, Minneasota: Market Update Feb. 18, 2008 - 02/19/08 03:15 PM
Pending sales rose 18% this week! Things are looking up in the Minneapolis Market. This is exactly the kind of market activity we need to see to return to healthy market conditions. As we sell off inventory we'll begin the recovery. While an 18% increase in pending sales is a good start, new … (1 comments)
Minneapolis, Minneasota: Market Update Feb. 11, 2008 - 02/13/08 02:01 PM
Both Pending Sales and New Listings are up this week. Not a big surprise. The news is that Pending Sales are only up a very small amount, while the number of New Listings rose significantly. Therefore we are left with a net increase to the available inventory. The "health" real estate market, is driven by supply and … (2 comments)
Minneapolis, Minneasota: Nord'east Duplexes - 02/11/08 03:19 PM
Real Estate Market Update: Duplex sales in NE Minneapolis Sale Price down 24% and Sales Volume down 49% Northeast Minneapolis, February 2008 Northeast became one of the hottest markets in Minneapolis during the "boom" appreciating and average 62% since 2000. Given the relatively modest home vales and it's proximity to the two downtowns, the … (1 comments)
How to Buy, Sell & WIN in this market - 02/05/08 12:08 PM
What is your Market Strategy? Ben Kolkman, REALTOR While the entire market looks one way, the market for each individual home is very different. Sometime hot, sometimes cold, the real estate market varies widely. The best way to get the most out of this transaction is to clearly define, and write out, your … (5 comments)
Market Update - Feb. 5, 2008 - 02/05/08 10:58 AM
Pending sales jumped up again for the 4th straight week. New listings are popping up all over the place, Spring Market has arrived! Keep an eye on the newly listed homes, the good ones (condition & price) are selling fast. And remember if you think it's a nice home, and a … (4 comments)
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Inspections are a critical part of home buying. They are also a problematic point in the deal. After negotiation, after a deal is struck, then we inspect, and really find out what were buying.
