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SW Rochester MN Real Estate Market Statistics are getting better overall. SW Rochester MNhas always claimed a higher price per sqft than most other areas of Rochester MN. Even though the inventory is a bit high at eight months it has decreased from last year by 5.75%. Less inventory means less choices for buyers and less competition for sellers. Already seller have on average raised thier prices from last year and are now starting to see a small increase of average sale prices. Hopefully this stays the course but the (0 comments)
SE Rochester MN Real Estate continue to decline. Both listing and sale prices have continued to lower from last year, but the average days on the market have been reduced by 50% which means last year listing prices were too high for the market and by sellers reducing prices to the real estate market demand level, making houses are selling twice as fast. If you have more questions about SE Rochester MN Real Estate contact Dan Kingsley, The Real Estate Ranger, at 507-990-1721 or www.TheRealEstateRanger.com. (1 comments)
NW Rochester MN Real Estate Market is showing good signs of recovery! Average Sale price is 2% higher than last year meaning sellers are getting better prices for their homes than they were at this time last year. This is also because people who are selling thier homes are listing them for 7% less than they did last year. This proves that by listing closer to the market price you can yield a higher sale price for your home. The higher homes are listed above the market value the longer (0 comments)
Overall we still see a drop in average and median prices of homes in the NE Rochester MN market. The good news is the inventory is being sold faster than it is comming on the market which is necessary for the the stability of the market. Also the Days that homes are on the Market is less. This means that when homes are hitting the market they are also selling in less time than the did last year. These are good signs that we are on the mend and we have already (0 comments)
1. Get at least three written estimates. 2. Get references and call to check on the work. If possible, go by and visit earlier jobs. 3. Check with the local Chamber of Commerce or Better Business Bureau for complaints. 4. Be sure that the contract states exactly what is to be done and how change orders will be handled. 5. Make as small a downpayment as possible so you won't lose a lot if the contractor fails to complete the job. 6. Be sure that the contractor has the necessary permits, licenses, and (0 comments)
When you sell a stock, you owe taxes on your gain-the difference between what you paid for the stock and what you sold it for. The same is true with selling a home (or a second home), but there are some special considerations. How to Calculate Gain
In real estate, capital gains are based not on what you paid for the home, but on its adjusted cost basis. To calculate this: 1. Take the purchase price of the home: This is the sale price, not the amount of money you actually contributed at (2 comments)
Make your home more appealing for potential buyers with these quick and easy tips. 1. Trim bushes so they don't block windows and cut down on light. 2. Buy a new doormat. 3. Put a pot of bright flowers (or a small evergreen in winter) on your porch. 4. Put new doorknobs on your doors. 5. Put a fresh coating on your driveway. 6. Edge the grass around walks and trees. 7. Keep your garden tools out of site. 8. Be sure kids put away their toys. 9. Buy a new mailbox. (0 comments)
1. Give your forwarding address to the post office, usually two to four weeks ahead of the move. 2. Notify your credit card companies, magazine subscriptions, and bank of the change of address. 3. Develop a list of friends, relatives, and business colleagues who need to be notified of the move. 4. Arrange to have utilities disconnected at your old home and connected at your new one. 5. Cancel the newspaper. 6. Check insurance coverage for moved items. Usually movers only cover what they pack. 7. Clean out appliances and prepare them for moving, if (2 comments)
To find out how much money you'll net from your house, add up your closing costs and subtract them from the sale price of the house. Closing Costs for Sellers: Mortgage Payoff and outstanding Interest Prorations for MN real estate taxes Proration for utility bills, condo dues, and other items paid in arrears Closing Fees charged by closing specialist Title Policy Fee Home Inspection Attorney's Fees Survey Charge Transfer tax or other government registration fees Brokerage commission For an excel spreedsheet that will auto-calculate these for you contact Dan Kingsley, The Real Estate Ranger, (1 comments)
Things to Know about about Real Estate Purchase Agreements - 03/04/11 03:00 PM
Things to Know about about Real Estate Purchase Agreements 1. The closing date. See if the date the buyer wants to take title is reasonable for you. 2. Date of possession. See if the date the buyer wants to move in is reasonable for you. 3. The earnest money. Look for the largest earnest-money deposit possible; since it is forfeited if the buyer backs out, a large deposit is usually a good indication of a sincere buyer. 4. Fixtures and personal property. Check the list of items that the buyer expects to remain with the property and be sure it's acceptable. (0 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.