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How to Snag a Deal Buying a Home Summer 2018
5 - Tips for shopping for homes late summer in Minneapolis.
There are good, better, best times to shop for homes in Minneapolis/St Paul. Sales do follow the seasons, and late summer is one of the best times to shop. Why?
 
Your competition just went on vacation. The spring market is always the most competitive and seems to start earlier every year. What used to be a late March spring market now starts in February. Furthermore, Memorial Day to 4th of July buyers are distracted by weddings, graduations, and trips to the cabin taking advantage for three weekends of warm summer that we waited for all winter. In short, there’re fewer serious buyers.  Homes didn't sell within 12 hours have disappointed sellers who were expecting a stampede of multiple offers by sundown. Many are surprised that they're getting few showings and zero offers with all the noise about it being a sellers’ market.  Because there is a really low inventory they overlook the fact that buyers have real budgets. Every seller expects top dollar for their home, which is why I’m seeing high numbers of price reductions, “back on the market,” and even expired listings in what it supposed to be a sellers’ ... more

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