Timing the sale of your home is no easy task. However, if you want to take advantage of a Seller’s Market your community might almost be there. There are several communities in the Twin Cities Area that are already experiencing a Balanced Market and inventory levels for these areas continue to decrease. Here are a [...]
selling your home
What To Do When You’re Out of Town While Your Home is Being Shown
February 4, 2012 By 6 Comments
A common complaint concerning Realtors, Home Inspectors and Appraisers has to do with leaving homes unlocked after they’ve been through a home. One of my clients found the home open every single time they were out of town. I’m not sure why the coincidence of every time they were out of town, but imagine coming [...]
How to Negotiate Realtor Fees
January 29, 2012 By 6 Comments
Before you begin to negotiate a Realtor’s commission I wanted to first point out a couple of things Some agents will hold firm at a commission to demonstrate how strong their negotiating power will be when they negotiate the price on your home. Some agents might lower their commission immediately. If they’re that quick to lower [...]
Should I Sell My Home Now or Wait Till Next Year
January 18, 2012 By 5 Comments
I think most Minneapolis/Saint Paul Area Realtors would agree the Twin Cities Housing Market has hit bottom. New Listings have been declining for some time now. The number of homes entering and exiting the market place is decreasing. Fewer sales have failed to sell. The Absorption Rate is currently sitting at 6 Months of Inventory [...]
Timing the Sale of Your Home
November 23, 2011 By 16 Comments
Choosing the time of year to put your home on the market in Minnesota is kind of important versus somewhere much warmer in the Winter like California or Texas. In the chart below is an illustration of housing market activity in MN. Since March is the snowiest month in MN you might argue that activity [...]
Why I don’t do CMAs (Comparative Market Analysis) any more
November 15, 2011 By Leave a Comment
It’s an outdated practice is the Number 1 reason I don’t do a Comparable Market Analysis (CMA) any more and what surprises me most of all is more experienced agents still do them. A CMA is basically a summary report of the average price of homes sold in an area or neighborhood to help determine [...]
Top 20 Tips for Home Sellers
November 14, 2011 By Leave a Comment
Determine whether you want to sell, this is the most important decision. Consider the expenses and transaction costs. The expense of selling your home and buying another can gobble up a large chunk of equity. Review your mortgage options. Before you commit to selling your home assess the mortgage options for your next purchase. Do [...]
Should I keep my home on the market over the holidays?
November 1, 2011 By 1 Comment
Now that Halloween has ended we’re starting to enter into the slower part of the Minneapolis Real Estate Market. In the Twin Cities we do have a seasonal market due to our “climactic” weather. That doesn’t mean buyers will quit looking that just means buyer activity decreases, but at the same time sellers have less [...]
Paying a Buyer’s Agent a Bonus
October 13, 2011 By Leave a Comment
Every once in a while I’ll come across listings stating the seller will pay a bonus to the Buyer’s Agent if they bring a buyer for a home and sometimes that bonus has a deadline and the deadline has already long since passed. The only time I see these bonuses is when a client picks [...]
