Make Money Off Your Home

How to leverage your home’s value.

Make the most of your home's value.Your house and yard represent your single largest asset, yet aside from appreciation, you’ve likely never made a dime off of it. Your home is a financial tool with value you can leverage. Make your home work for you. Avoid these common real estate money mistakes.Read More »

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Living in Limbo: What to do Between Houses

Tips on how to live between selling and buying a home.

Every home buyer and seller would love a seamless transition from the old home to the new one.
Every home buyer and seller would love a seamless transition from the old home to the new one.

Minnesota housing inventory is at a record low, meaning houses are selling quickly as buyers struggle to compete for homes. Sellers are continuing to discover it takes less time than anticipated to sell their home. The average number of days between when a property is listed and when an offer is accepted is 96 days.  This is a 12.7 percent decrease from March 2012 to March 2013. Sellers are satisfied, but are being left in an awkward stage of homelessness as finding their new home becomes a struggle. How do you live if you have to move out before you can move in? The Minnesota Association of REALTORS® provides some options to continue living your life despite being left in limbo.Read More »

Best Time to Host an Open House

Save time by offering minimal open houses at opportune times.
Save time by offering minimal open houses at opportune times.

Weekends present opportune times to host open house.

REALTORS, sellers, and buyers are equally stressed for time. It is important to host an open house during times that are optimally effective and efficient.

The open house is not to be discounted as a home selling tactic. Older buyers, 65 years and older, are more likely to find their home through an open house than other age groups. As age increases the likelihood of using open houses as a search tool increases—45 percent of buyers aged 45 to 64 used open houses, compared to only 28 percent of buyers aged 18 to 24. Appeal to these buyers by presenting opportunities timed for their schedules.Read More »

REALTORS® Nationwide Open House Weekend Puts Spotlight on Competitive Minnesota Housing Market

 Event will showcase local inventory available right now for prospective buyers 

Buyers are competing for low housing inventory in Minnesota as the spring and summer home-buying season gets underway. With such a competitve housing market, buyers are looking to the experts for guidance. Local Minnesota REALTORS® Associations are teaming up with Associations across the country and will host thousands of open houses during REALTORS® Nationwide Open House Weekend, April 20 and 21.

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First Impressions: Your Front Entrance

A saturated blue door keeps this two-toned house from fading into the landscape, but it still maintains a traditional feel.
A saturated blue door keeps this two-toned house from fading into the landscape, but it still maintains a traditional feel.

First impressions are made at the front door. Before buyers see the staged home, smell the cookies baking, or hear the pleasant music, they drive up and see the front entrance. The color of your front door and how orderly your garden is says more than you may think. Potential buyers drive by, and your home entrance may encourage them to stop and schedule a showing or to keep going by.Read More »

Low Inventory Creates Competition in Minnesota Housing Market

Other Indicators Show Improvement

Two months into 2013, statewide numbers continue to show growth in the housing market for Minnesota, according to the latest housing report from the Minnesota Association of REALTORS®.

The median sales price has increased 14.2% from the same time last year.  Homeowners have seen this median value increase from $125,000 in February 2012 to $142,754 in the same period in 2013. Homeowners are receiving 91.9% of their original list price as sales prices trend upward. This is a 2.7% increase from 2012.

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Housing Trends: Home Offices

The home office is not a new concept, but the efficiency and capabilities of telecommunicating have transformed the option into a widespread phenomenon. The effectiveness of the home office is up to debate as Best Buy, Yahoo and other companies say employees need to be in the office to collaborate and drive innovation. Despite these opinions, the home office is here to stay as part-time and full-time options for many Minnesotans. This is making office attributes key selling features for home buyers. Don’t underestimate the selling power of a multifunctional home.

Minnesota emerges as national work-at-home hot spot.
Minnesota emerges as national work-at-home hot spot.

Minnesota is emerging as a national work-at-home hot spot. The Star Tribune reported the Twin Cities has experienced the fifth-biggest rise among metro areas nationwide in the number of workers based at least partly at home, according to U.S. Census Bureau commuting surveys. Between 2000 and 2010, the number rose by almost 22,000 people, to about 82,500, according to estimates.

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