Today’s Buyers: Looking for (Affordable) Cream Puffs My quick “snapshot” on the Twin Cities housing market as of St. Patrick’s Day, 2010? It continues to be a schizophrenic market, in which the lower end — defined as under $200k for single family detached — is selling (too?) briskly, and values are hard to find. I...Read More
If a picture is worth a thousand words, take a look at the third slide in the presentation below: Twin Cities Housing Market: Big Picture and Little Details View more presentations from JeffAllen. The takeaway? Twin Cities housing sales over the last 12 months are correlated almost 100% with price point. In other words, the...Read More
What’s it Worth? Who Wants to Know? Pricing well is one of the most important skills a Realtor brings to the table. In turn, that depends on knowing which “comp’s,” or comparable sold properties, to choose. As defined by both Realtors and appraisers, the comp’s are the three homes most similar to the “subject property”...Read More
Stocking Stuffer Where: 48xx Portland Ave. South, in South Minneapolis When: went pending today (Christmas Eve) What: 5 BR/3 Bath stucco bungalow with over 2,200 square feet How (much): asking price – $209,900 Who: listed by Roman Dziuba, Minnesota Realty Every year, clients contemplating listing their homes around Holiday time ask about the wisdom of...Read More
Short Sales: Hurdles and Consequences Short sales continue to be a huge factor in the Twin Cities housing market. How do I know? I’ve been showing a new client who’s a first-time Buyer properties within 5 miles of South St. Paul the last few weeks, literally from Maplewood to Cottage Grove. Out of perhaps 100...Read More
Profile of a FSBO Are real estate brokers ” like travel agents and other middlemen coping with the increasingly digital culture ” in danger of becoming expensive anachronisms? After all, it is only logical that as people feel more empowered based on their access to information and their ability to connect without help, they are...Read More
