Want to Be Ready for Spring, 2012? Start Now One of the questions that can come up when you list a home that needs significant updating is, “If we buy this home and put $50k — or $250k — into it, will we overshoot values on the block?” Fortunately, when a $1 million-plus new...Read More
“Post-World War II Conversions” Recycle a plastic bottle, and you get 25¢ (at least in some states). Recycle a pound of aluminum cans, and you’ll make about a $1. But re-use an existing foundation to build new construction, and how much will you save? Try, $25,000 to $35,000. “Lower” Upper Bracket In fact, that’s the...Read More
Statute of Limitations for Deals How long do you need to retain your files for closed deals? Barring fraud, the statute of limitations for raising a complaint following a transaction is two years. So, it’s (well past) time to chuck paperwork and notes for those 2004 sales I’ve been hanging on to. The one exception...Read More
Where: 4617 Tower St.What: 5 BR/5 Bath new construction by Elevation (division of Streeter)How much: $1.2 million asking priceWhen: sold in one day earlier this month (with more buyers reportedly waiting in the wings).Who: listed by Marian Peterson and Noelle Varecka of Edina Realty It’s not hard to tell what the Buyer liked about this...Read More
“Tear Down This Wall(paper)!?!” No, Ronald Reagan didn’t say that — a Realtor did. Earlier this week I attended a Realtor meeting in a very impressive — but cosmetically dated — home, where, after extolling the home’s many virtues, the listing agent/host asked for input. “Tear it down,” came the first agent comment. “The wallpaper,”...Read More
Where: 16xx Cedar Lake Parkway, just northwest of Minneapolis’ Cedar Lake What: 2,500 sq. foot. contemporary overlooking the lakeHow (much): list price is $247,900 When: (re)listed January 22 Who: co-listed by Teams International and RE/MAX Associates You could easily spend $1 million-plus (still) for a home overlooking Cedar Lake in Southwest Minneapolis. So, it’s attention-getting...Read More
