Selling a Home 
There are currently 13 blog entries related to this category.
August Twin Cities Home Sales Activity Offers Mixed Results
Tuesday, September 13th, 2011 at 1:39am. 492 Views, 0 Comments.
There have been noteworthy shifts for Twin Cities real estate. Buyer activity is increasing, while sellers are making fewer concessions to sell their homes. Falling supply and improving absorption rates in many communities also suggest that the market is regaining its balance.
Aaccording to the Minneapolis Area Association of Realtors, a few indicators posted improvement over August 2010. New Listings in the Twin Cities region decreased 10.7% to 6,144. Pending sales were up 46.4% to 4,358. Inventory levels shrank 21.4% to 23,502 units. The Median Sales Price decreased by 10.9% to $156,000. Days a property typically spent on the market increased 7.4% to 136 days. Absorption rates improved as supply of inventory was down 18.9% to 7.1 months.
Two other recently…
Tips for Selling in a Down Market
Friday, July 8th, 2011 at 11:08pm. 537 Views, 0 Comments.
Warmer weather tends to spark movement in the real estate market. Moving is easier and people want to be settled in their new home by fall for school. Even so, selling a house right now isn't exactly an easy proposition. It takes a little more work to sell a home than in previous years. Here are some top home selling strategies to keep in mind.
Price it right. There are about seven homes on the market for every buyer right now. Pricing it right from the beginning increases chances of selling a home quicker and avoiding price reductions. This is especially true if it has more features than other homes nearby, which can place it at the head of the pack.
Know the agent. Finding an agent with experience selling homes in the local market will help ensure correct…
Downsizing Into a Smaller Home
Monday, May 2nd, 2011 at 2:04am. 724 Views, 0 Comments.
Many people want to live at home when they grow older. Often that first means moving into a smaller, more manageable home.
The "Smart House, Livable Community, Your Future"
exhibition explores the housing trend of "aging in place" through a
display "house of the future" that accommodates the special needs of the
elderly. But what about the people who are advancing in age and ready
to make a decision about housing now? Downsizing from a family home when
people hit their 50s, 60s or 70s doesn't mean they have to relocate to
an apartment, townhouse or condominium. A smaller house with only the
rooms and key features one really wants can help people remain
independent for years to come.
Here are some points to consider for downsizing:
Staging Leads to Picture-Perfect Homes and Quicker Sales
Tuesday, February 8th, 2011 at 7:16pm. 472 Views, 0 Comments.
Five years ago, real estate agents had to explain home staging to potential home sellers. Today, the concept has caught on.
With an average of eight homes for every buyer in the Twin Cities area, according to the Minneapolis Area Association of Realtors, a house that looks it best has a much better chance of selling. A thorough cleansing, decluttering, and packing away personal items to make a home appear more appealing to strangers can only go so far when the goal is to sell it. In today's market, a house needs to stand out from the scores of others.
When trying to sell a home, professional home stagers can offer invaluable advice that could move it faster, even at a higher price. They can help sellers pick the right colors to paint their walls and tell…
Selling a Home During the Holidays
Wednesday, November 24th, 2010 at 4:58am. 541 Views, 0 Comments.
Thanksgiving is tomorrow, with the winter holiday season following quickly on its heals. You're busy, you're family is busy, your friends are busy - it's hard to imagine trying to sell a home during this time, but sometimes it can't be helped. There can be some advantages, though, as people who look for homes during the holiday season tend to be more serious buyers. Additionally, because many people take their homes of the market in December, serious buyers have fewer homes to choose from, which means less competition for sellers!
Selling during the holidays takes some extra preparation, though. In addition to the usual sorts of cleaning, packing and staging to make the house look its best, sellers must keep some other things in mind:
Home Selling / Buying Season May be Unpredictable in the Twin Cities
Tuesday, May 25th, 2010 at 11:34pm. 446 Views, 0 Comments.
The real estate news in the Twin Cities is a mixed bag.
The final month of the home buyer tax credits and fewer foreclosure homes available for purchase raised home prices in April. The median sales price of a home sold in the Twin Cities metro area rose to $169,800. That is an 11% increase from April 2009. It was the fourth consecutive month of year-over-year price increases. It was also the fourth straight month of month-over-month increases, with prices up more than 8% since January.
This good news for home sellers may be short lived, though.
The $8,000 federal first time home buyer tax credit has expired, and so apparently has demand for resitential real estate. Pending home sales in the Twin Cities for the week ending May 15 were one-third lower they…
More Accurate Appraisals of a Trend
Monday, November 24th, 2008 at 10:40pm. 460 Views, 0 Comments.
When it comes to setting a price for your home that’s correct for the current market, many aspects are taken into account. One that is seeing a great amount of emphasis right now are “comps”: the comparable sales of other properties in your areas. Used as standards in home real estate appraisals, buyers and sellers haven’t needed to be concerned about “comps” as long as real estate values were on the upswing.
In this slumping market, mortgage lenders have recently been placing a great deal of importance on these benchmarks. Because of the swift decline in home prices, instead of accepting comparable property sales statistics from homes that closed six to 12 months ago, lenders and mortgage investors now insist that appraisers include the most recent…
Tips for First Time Home Sellers
Monday, September 29th, 2008 at 8:12pm. 429 Views, 0 Comments.
Last week, I wrote some do’s and don’ts to help first time home buyers prepare to buy their first home. Last week, there were tips specifically for selling a home during the fall. Yesterday, I started providing information for sellers, specifically about tips for selling a vacant home. Today, I’d like to address first time home sellers. Newness to the home selling process and a lethargic real estate market could make anyone balk at the prospect of selling a home for the first time. Here are some tips particularly for people who may be selling a home for the very first time.
Tips to Sell a Vacant House
Sunday, September 28th, 2008 at 10:19pm. 723 Views, 0 Comments.
Last week, I wrote some tips for first time home buyers. Specifically, things they should do and shouldn't do when preparing to buy a home. But buyers are only part of the equation, sellers are another big part. This week, I’ll talk about some tips for people who are trying to sell homes. I’ll start with the subject of vacant homes, since there are so many homes which have been foreclosed on or whose owners got too impatient to wait for it to sell.
After years and the real estate business, I can say that the idea a home is sitting vacant while it is on the market is almost an immediate turn-off for potential buyers. Often their imagination runs rampant with ideas of an unkempt yard, scarred walled, filthy floors, possibly even stolen wiring and copper…
Home Selling Tips for the Fall
Tuesday, September 23rd, 2008 at 11:33am. 444 Views, 0 Comments.
Yesterday was the autumn equinox and the first official day of fall. Summer, which is traditionally the best season for selling homes, has ended by calendar standards. This tends to be the time of year when the housing market starts to slow down, with fewer homes selling. There are some steps which can be taken in order to increase the appeal of your home to potential buyers. If your goal is to sell your home this fall, take these tips into consideration:
1. First Impressions. Selling a home in autumn has its own particular complications. Green lawns, colorful flowers, and bright sunny days: In the summertime, it’s easy to make a house look good. Though the fall red, orange, rust, and yellow colors are beautiful, it’s when the leaves fall that…
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