minneapolis st paul real estate market: Why Home Staging is Important...Even When Inventory is Low
- 11/21/16 05:18 AM
This adorable little St. Paul home sold in less than three weeks at over list price this fall. In order for this kind of success, my clients started working on their property several weeks prior. They cleaned, decluttered and repaired prior to listing their home. See, it’s a whole new ballgame for home sellers right now.
True, there is less housing inventory in the greater Minneapolis/St Paul area, which is very good news. But in many communities, sellers can find themselves competing with new construction for buyers. But even cute starter homes like this need to "sparkle" in order … (1 comments)
minneapolis st paul real estate market: It's Tough to be a First Time Homebuyer in Mpls/St Paul Metro!
- 07/08/16 03:10 AM
I haven't written a blog post since March. It's not that I have been slacking off or there is nothing to write about in the Minneapolis/St Paul real estate market. On the contrary, I have been just too darn busy writing offers for buyers. (And fielding them for my sellers). It is not a market where you write one offer per buyer when they find their perfect dream home. Oh no, I am talking multiple offers for the same buyers on dream home after dream home until they get an offer that is accepted.
First time home buyers are … (1 comments)
minneapolis st paul real estate market: Snapshot of Home Sales Statistics in White Bear Lake, MN Year End 2015
- 03/02/16 04:53 AM
The housing market in White Bear Lake, Minnesota remained strong but was a bit flat overall from 2014 to 2015. This northeast suburb of the Minneapolis/St. Paul metro area had almost the exact same numbers of new homes listed on the market in year over year in 2015. There was a sizable increase in closed sales up by a dramatic 15%. Interestingly, this was on par with 2013 numbers so the lack of inventory in 2014 might have contributed to lower sales. The real estate demand is remains high and the market strong. The average price of a home rose … (1 comments)
It's not exactly springtime but in February when the weather forecast calls for 40's and rain rather than snow, Minnesotan's can't help but think spring! But we all know that another blast of winter could still be right around the corner. So who in their right mind would consider listing their Minneapolis/St Paul home now?
Smart sellers, that’s who. There is a misconception out there; People think no one moves until April or even May in Minnesota. It’s can often be so darn cold it literally takes your breath away in February when the temps drop below zero. But … (2 comments)
minneapolis st paul real estate market: Moving, Millienials and Multiples
- 08/21/15 06:51 AM
Earlier this week I received a call from my electrician. I wasn’t surprised by the call since we have an open permit on work he completed a few weeks ago. But things have been crazy busy in real estate for me as well as construction for his business so it hasn’t been a priority. Interestingly, the call had less to do about my electrical job and more to do with my real estate expertise.
It turns out that his twenty four year old son is buying a first home and after being in the fourth multiple-offer situation in less than … (2 comments)
minneapolis st paul real estate market: Rent Versus Buy Calculation Made Simple!
- 05/22/14 11:42 AM
Buy or Rent? It is a fantastic question and one often asked by first time home buyers. It also creates a lot of discussion and sometimes debate. So why is this such a tough question to answer? Because there are many variables that will define the home purchase investment. The biggest is location which can often determine the price of a home. In some areas like in the Minneapolis/St. Paul metro where we are blessed with very affordable real estate, an entry level home can be purchased for roughly $150,000 to $200,000 but in other large metropolitan areas, starter homes can … (2 comments)
minneapolis st paul real estate market: Let Jack Frost Nip Your Nose—Winter IS a Great Time to BUY a Home!
- 12/09/13 11:23 AM
Brutal subzero temperatures came early to Minnesota this year. This is the first time in nearly 20 years the Minneapolis/St Paul metro has had to deal with bone chilling weather in December. Add a fresh blanket of snow covering the landscape from North St. Paul to East Bethel and Lino Lakes to Scandia and most home buyers will jump in bed and cover up their heads until spring. But wait, winter is not the time to hide from the elements if you are pre-approved and ready to buy a home. Although making a move in a Minnesota winter’s … (4 comments)
minneapolis st paul real estate market: Homebuyers Hoping for a Good Deal Need to Move Now!
- 01/15/13 06:02 AM
Just two weeks into 2013 and you’re thinking this is the year to make that move. The Minneapolis St Paul real estate market is on the move again so it you are planning to get that “bargain of the century”. Well, maybe you should have bought last year. Check out the recent Pioneer Press article, which outlines the Twin Cities year to year sales statistics. Prices are on the rise. But there are still deals out there for buyers, even if you do not want a foreclosure or short sale. Traditional sellers are getting houses on the market early this … (32 comments)
minneapolis st paul real estate market: Real Estate Resolutions for Home Buyers, Sellers & Homeowners for 2013
- 01/06/13 03:15 AM
As 2012 came to a close the media was continuing to exalt the good news of a strengthening real estate market in the Minneapolis St Paul area. Home sellers that have their houses priced right are seeing multiple offers again. Home buyers hoping to take advantage of the extremely low interest rates are starting to struggle to find the perfect new home. Many were confused because the internet sites are full of affordable listings but time and time again when their agent checked availability of the “PERFECT” home, it was “under contract waiting for third party approval”. Yes there are still … (3 comments)
Theresa "Teri" Eckholm/Boardman Realty assists Minnesotans to find their way home with helpful tips and quality service. Dedication to customer service has made Teri the REALTOR® of choice for families in Blaine, Forest Lake, Ham Lake, Lino Lakes and Wyoming areas. Licensed in MN.
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