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Sellers new listings are up 15%, but most of the gains are in the traditional sellers, which is up a huge 39%. Foreclosures and short sales listings are both down almost 50% each. This is great news, that the market is more stable than before, with fewer foreclosures and short sale properties. Overall the inventory […]

What’s the difference between these two terms? In Foreclosure In foreclosure means that the house is in the process of being foreclosed. This is the time period where the seller has been notified of the start of the foreclosure process, to the sheriff sale, to the end of the redemption time period. In Minnesota, we […]

September is pretty much the same as August. Overall there are a few more listings than in the past, but it is still a thin market. Buyers are still competing in multiple offers. Demand is still strong due to 4 factors: Affordable mortgage rates – interest is still under 4.5% on a 30 year mortgage […]

I was recently showing a condo property in the Eagan and Burnsville areas to one of my clients. They were asking me why the association dues vary so much between buildings. Well, there can be several reasons and I’ll cover some of the top reasons in this post. Shortage of reserves I recently heard of […]

I recently had 2 buyers both perform a sewer line inspection, one in South Minneapolis, one in St. Louis Park. They both happen to use the same company, and both had completely different results. Why do a sewer line inspection Sewer lines can be constructed using very different methods. The most common ones are a […]

Why Inspect The main reason to perform a buyer’s inspection is so that you know what you are purchasing. You can read more about why you should inspect at this blog post. If the inspection turns up a $6,000 problem, it would a good time to renegotiate the purchase since you discovered a problem that wasn’t apparent […]