Minnesota Homes

Short Sales in Minnesota

Minnesota Homes — Tue, 19 Aug 2008 21:03:14 +0000

If you are a buyer you are probably noticing all of the homes that are in forclosure or subject to bank approval. When you are looking make sure to ask if the home is subject to bank approval or not. If it is be prepared to wait a while for an answer. It may take a while to get a final answer, but you will probably get a great deal on a home.

Short Sales

Minnesota Homes — Sun, 10 Aug 2008 20:19:24 +0000

Short sales continue to be a big part of today’s housing market. You may be hearing the terms short sale, subject to bank approval. Short sales are becoming so prominent in today’s market that agents with note that it is NOT a short sale and not subject to bank approval. If you are thinking about getting involved in a short sale be prepared for a long ride. Sometimes if a buying comes it at the very end of negotiations the answer might not take very long. If your offer is the first offer submitted to the bank it could take up to five months to get an answer. And it might get frustrating to be one of the first ones in with an offer and have to wait months for an answer, and the whole time there are more offers that come in, a lot of times driving up the price.

Just Listed: 13817 Atwood Avenue

Minnesota Homes — Fri, 01 Aug 2008 23:23:19 +0000

A great new townhome to the market is located in Rosemount at 13817 Atwood Avenue. It has 2 bedrooms and 2 baths and a 2 car garage. It has 1510 finished square feet of living space. What sets this townhome apart from others in the area is the great unobstructed view from the front porch. Nothing will ever be able to be built. There are also extra parking spots for guests. Check out the virtual tour!

Outdoor Cleanup

Minnesota Homes — Sat, 26 Jul 2008 13:59:51 +0000

When selling your home the outside appeal is the first thing that people will see. That seems like an of course statement, but many people don’t take it so seriously when they are trying to sell their home. First impressions are everything, so as a seller you need to make sure that a potential home buyer is not turned off by the curb appeal of your home, or lack thereof. It dosen’t take much to clean up the outside of your home. Make sure that the lawn is mowed and the grass is trimmed around the edges. Water all of your flowers so they look healthy. If you have any over grown bushes you need to trim them. Even if they are not that bad it is a good idea to freshen them up. Potential home buyers like to see that the currrent homeowners are taking care of the home. It can make the home more appealing to them. Also make sure to pick any and all weeds and sweep off the front step and driveway. Buyers can be picky in todays market. Make sure that they pick your home.

Short Sales

Minnesota Homes — Mon, 21 Jul 2008 21:40:32 +0000

Short sales continue to be a major player in todays market in the Twin Cities area. Many homebuyers are trying to buy a home that is in a short sale. A short sale is where the homeowner owes the bank more than they can sell their home for. Many buyers are trying to get good deals on these homes. Buyers can get good deals, they just have to be patient. Banks have been flooded with short sales and forclosures, and don’t have enough staff to keep up with the demand. Some short sales are taking up to 2 months to get an answer from the bank. The whole time the home stays on the market, so there will probably be more than one offer that is presented. If you are a buyer in the early stages of a short sale, expect to wait, and expect there to be multiple offers. Most short sales are priced so there are a lot of interest in the property and hopefully more than one offer. If you are thinking about offering on a home that is in the short sale process, be prepared to get a good deal if you are willing to wait.

Fewer Listings per buyer

Minnesota Homes — Fri, 18 Jul 2008 19:14:07 +0000

The Minneapolis Area Association of Realtors has announced that there are fewer listings per buyer than in the year past. The supply-demand ratio is down to 8.11. That means that there are 8.11 homes to every buyer. That is down 1.6% from June of 2008. Total inventory is also down to 33,425. That is a decline of 3.5% from one year ago. This means that the buyers have fewer homes to choose from. This number will have to continue to decrease in order for the market to stabilize.

Watering your lawn.

Minnesota Homes — Sun, 06 Jul 2008 22:25:37 +0000

Summer is in full force in Minnesota, and there has not been a lot of rain lately. As a homeowner, you need to think about watering your lawn and your plants and trees. The best time to water is in the evening when the sun has set. If you water in the middle of the day most of the water will get evaporated before it does the ground any good. If you water at night the water can stay on the grass, trees and plants and be used, not just get evaporated. It is also a good idea to create a moat around any trees. This will allow the water to stay close to the trunk of the tree, and not just flow away. Make sure you water at the base of the tree, so the water can go through the root system of the tree.

Short Sales

Minnesota Homes — Sat, 28 Jun 2008 19:29:10 +0000

The housing market in Minnesota is picking up. There are a lot more people it seems that are looking for a home. Some of them are looking for a deal, and so they look at some that are bank owned that are in forclosure or are in a short sale. A short sale is where the house is going to sell for less than is owed to the bank. Many banks are ok with short sales because they are able to get the bad loan off their books. Forclosure is also an expensive process. If you are looking at a short sale property, be ready to wait for a while. Some banks can take up to 3 months to give an answer to whether or not an offer will be accepted. If you are looking to buy a home and looking to get a good price, consider a short sale.

9307 10th Ave. South

Minnesota Homes — Thu, 19 Jun 2008 22:19:10 +0000

There is a new home on the market at 9307 10th Avenue South. This is a home that is subject to bank approval, or a short sale. Take advantage of a great deal on a home in bloomington, Minnesota. This home is on a great lot and has a lot of good space.

Declutter your garage.

Minnesota Homes — Thu, 12 Jun 2008 18:00:58 +0000

The weather is finally nice here in Minnesota, so all homeowners can come out of hibernation. If you haven’t done spring cleaning yet, now is a great time to start. Most of the time in the winter the garages get stack full of stuff, and don’t get organized. Here is a great organizer from Rubbermaid.

You can organize all of your things in your garage. Spend time cleaning out your garage and putting things away.