Buyers of existing homes have been using an escalation clause for several years as a way to win in multiple offers. Said buyer will pay $$ more than any best offer up to $$ amount. Well, builders have a different spin on this as lumber prices nearly doubled in 4 months of 2020. Material costs... Continue Reading →
A recent client who purchased an Eden Prairie home shared this useful information...The tip links for your easy reference. I went to the MN department of health website and they have a radon test they recommend on the site and you get a discount through them so it was $10.95.
I'm wondering if we will look back on 2021 with fresh eyes on how the rules of engagement for buyers dramatically shifted. I showed a home listed for $300K & the list price was revised that day to $320K and then after offers were reviewed and one accepted revised again to $345K - 15% over... Continue Reading →
Goal setting - who else has been finding themselves with a little extra time to contemplate how the year will unfold. As I reflect on the past year I can only say it felt very long! We seem to be past some of the major shock of the lifestyle changes, stress, sadness, togetherness, reimagining and... Continue Reading →
2020 has been quite a year!! We jumped on the stay at home bandwagon and launched into our first ever major remodel. We are loving the changes but ready for completion. This experience has increased my scope of knowledge as a Realtor and appreciation for remodeled homes. We have squeezed in a few extra hikes... Continue Reading →
At times folks decide it is time to try real estate. Perhaps you have inherited a home from your parents or see an investment property nearby. This useful article summarize 4 key metrics.. cap rate; Property cap rate = Net Operating Income/Current Market Value - article provides an exampleCash flow; cash flow = NOI -... Continue Reading →
Whether you are a first time buyer or haven't purchased a home in years these tidbits from Dan Eveland, TCF Home Loans may be useful to you. We had a fun time making this short video. Meeting with a loan officer early in the process whether it's in person or by phone can save you... Continue Reading →
The LUXURY LUXURY - if there is one word to describe this project I don't know it... - Eleven Condo project is moving forward in the Mill District. An estimated 2 year project that will be 41 stories tall and house 118 condos. Cost per square foot is unknown but price tags start at $900K... Continue Reading →
Wings credit union sponsored a class today. Mentioned they have great 10 yr ARM offer and conventional with 10% down and no PMI. Worth shopping around for what meets your needs.