Tag

how much

Is There a Discount For Homes Located Across From a School?

Weighing Three Variables Homes on busy streets typically fetch a discount. Is there an equivalent discount for homes located across from a school? (which, in a way, is really just a subset of the “busy street” discount). I’ve never seen data on this, but I’d guess “yes.” I’d further speculate that the discount varies depending...
Read More

Target’s West Campus off 394: Not Your Average “Fixer By the Lakes” (Hint: Value is in the Land)

Tax Assessed Value:  $15 Million; Market Value:  ??? Where:  3701 Wayzata Blvd. near border of Minneapolis, Golden Valley, and St. Louis Park. What:  Nine-story, 400,000 square foot office building and 24 surrounding acres in an unparalleled setting close to city lakes, 394, and downtown Minneapolis. Who:  owned by Target. When:  for sale this Fall. How...
Read More

Stocks Dive, U.S. 10-Year Bond at 1.7%. Coming Soon: 30-year Mortgages @ 3%?

Refinance Redux Scarcely six weeks ago, I noted that stock market turmoil was prompting a flight to safety, which in turn was driving down interest rates and serving up a golden refinancing opportunity. Guess what? After a year-end rally, global stocks are once again swooning — along with interest rates. Bottom line:  if you’re sitting...
Read More

Homes With No Basement: How Big a Discount?

When Bigger Isn’t Better Just like the discount for a one-car garage varies, so, too, does the discount for a home with no basement (at least in the Twin Cities housing market, where single family homes routinely come with — and Buyers expect — finished basements). The biggest variable driving the discount for no basement?...
Read More

“S-u-r-e, I’ll haul away your old central a/c . . .”

“There’s Gold Copper in Them Thar Hills” If, like my household, you’re contemplating replacing your (very) old central a/c unit this Summer, you’ll discover (like us) that it’s not cheap. But, I was puzzled why, on the contractor bid’s for “disposal fee,” the amount was $0. Disposal Fee?  Try, Bounty The explanation? According to the contractor, old a/c...
Read More

Q: If You Save $2k Commission, But Get $10k Less for Your House . . . Do You Come Out Ahead?

Pay More Commission, Net More Money?   Yup, That’s the Idea Actually, the blog headline (above) was supposed to be a rhetorical question. But, if you’re dubious, here’s the math: Scenario #1:  $300k less 5.5% commission =  $283,500 Scenario #2:  $310k less 7% commission =  $288,300 Difference:  almost $5k. “The Way to Bet” Of course,...
Read More
1 2 3 4 5

Archives