Tag

first-time buyer

Entry-Level Edina: Slim Pickings < $500k (Yup, $500k!)

Why Edina is in Such High Demand It shouldn’t come as surprise that, in a city where the average asking price for a single-family home is now $1.422 million, and the most expensive list price is $3.895 million, entry-level home prices will be dear, too. In fact, starter homes in consistently high-demand Edina begin around...
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“Starter Home,” Defined

“Starter home“: a relatively small, economical house or condominium that meets the requirements of young people buying their first home. While there’s no precise definition, I have two associations with “starter home”: One. Price Point. Starter homes are (well) below the average price for homes in the local market ” whatever that may be. So,...
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Why Home Warranties Are More Popular With Listing Agents Than Home Sellers

Three Benefits Listing agents (representing home sellers) are big fans of home warranties. Personally, I love them. That’s because listing agents know — even if their clients don’t — that a home warranty can help smooth over inspection issues, and make a dated home more attractive to first-time home Buyers, especially at lower price points....
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“Starter Home,” Defined

“Starter home“:  a relatively small, economical house or condominium that meets the requirements of young people buying their first home. While there’s no precise definition, I have two associations with “starter home”: One. Price Point. Starter homes are (well) below the average price for homes in the local market — whatever that may be. So,...
Read More

Entry-Level Edina: Slim Pickings < $400k (Yup, $400k!)

Why Edina is in Such High Demand It shouldn’t come as surprise that, in a city where the average asking price for a single-family home is now $1.185 million, and the most expensive list price is $5.7 million, entry-level home prices will be dear, too. In fact, starter homes in consistently high-demand Edina begin around...
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“Starter Home,” Defined

“Starter home“:  a relatively small, economical house or condominium that meets the requirements of young people buying their first home. My association with “starter home” ” and I’m sure many others’ ” is a small house, usually two Bedrooms (or three very small ones), that may (or may not) be in rough condition. Other popular adjectives:  “cute,”...
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