Serving Minnesota Home
Buyers Since 2004

Jun
14

10 Home Seller Mistakes You Want to Avoid

10 Mistakes to Avoid When Selling a HomeSelling your home can be stressful, especially if you make one or more of the home seller mistakes below.  Because most homeowners only buy and sell a few homes in their lifetime, it is critical enlist the services of a seasoned listing agent (Avoid new or part-time real estate agents who tell you their strategy is to put your home on the MLS) in order to avoid mistakes and sell your home for top dollar in a reasonable amount of time.

Here are the 10 costly mistakes people make when selling their home;

  1. Not Countering an Offer – An offer means they want your house and they are most likely willing to pay more for it.  By presenting a counter offer, you will get a higher price for your home more often than not.
  2. Waiting for a Better Offer – A bird in the hand is worth two in the bush
  3. Hanging around during an Open House – Buying a home is difficult enough for most people without having the added distraction of a hovering home owner.  Worse yet, a home owner that wants to talk to a prospective buyer of their home.Twin Cities Homes for Sale
  4. Limiting Hours for Showings – Seriously!  How serious are you about selling your home??
  5. Leaving Closets a Mess – Everyone wants more closet and storage space in their next home.  Cluttered closets kill the buyer’s dream of More Space.
  6. Not making Needed Repairs – Not only are buyers less likely to purchase a home that needs repairs as it means increased cost for the home, but a home in need of repairs simply doesn’t show well, especially compared to homes that are in good condition so a home in need of repair will not only take longer to sell, but may also sell for less than asking price.
  7. Not getting rid of Clutter – Garage, extra room, bedrooms, etc. Clutter is ugly and a beautiful home full of clutter is an ugly home and hard to sell.
  8. Haggling over the Price of Personal items – Determine the lowest price you want for your personal items, fridge, stove, patio furniture, etc. and mark it up 25% so the buyer has room to haggle.  Worst case is either keep your stuff and sell it on Craigslist or just accept the buyers offer and close the sale of your home.
  9. Discounting the Broker’s Fee – Why would you short the one person who has the biggest effect on your goal of selling your home??
  10. Removing the Furniture or not Staging a Property – An empty home looks deserted and a deserted home does not generate a warm feeling for the buyer.

Selling a HomeAs I mentioned above, selling your home can be stressful but it doesn’t have to be.  If you take the time to find an experienced listing agent and you avoid the 10 mistakes above, you may find that selling your home can be an enjoyable experience!

Sep
17

Top 10 High Schools in the Minneapolis – St. Paul Metro Area

Edina High School in top 10 for Twin CitiesThere are many ways to evaluate Minnesota schools and many publications that publish school ranking reports.  While it is debatable , the most common way to effectively evaluate and rank Twin Cities schools is test scores.

One of the most common tests used to evaluate schools in Minnesota is the Minnesota Comprehensive Assessment or MCA.  These are state tests in mathematics, reading and science that meet the requirements of the federal Elementary and Secondary Education Act (ESEA). They are given every year to measure student performance against the Minnesota Academic Standards that specify what students in a particular grade should know and be able to do.

To determine our top 10 high schools in the Minneapolis – St. Paul metro area, we combined the MCA Math and Reading score rank of each school and put them in rank order by combined rank.

As a result of our scoring system, the top 10 public High Schools in the Twin cities are as follows:

  1. Edina Senior High
  2. Mahtomedi Senior High
  3. Mounds View Senior High
  4. East Ridge High School
  5. Minnetonka Senior High
  6. Wayzata High
  7. Woodbury Senior High (tied with Mound-Westonka)
  8. Mound-Westonka High School
  9. Chanhassen High School
  10. Eastview Senior High

Not surprisingly, all of these high schools are in cities with home values that are higher than the Twin Cities metro average and many of these cities have seen stronger appreciation in the past few years.

For many home buyers with young children or planning to have children, buying a home in a good school district is a top consideration for two reasons;

  1. They want their kids to get a great education
  2. They want to have a high resale value when their kids graduate and move out.

I myself chose my current home because of the school district it was in and I’ve noticed that homes in my neighborhood are selling within 60 days or less and at very close to list price.

When you shop for Twin Cities homes for sale on the MN MLS, you can use the map search function to zero in on homes near the school that you want your children to attend.

Click here to see exactly how it works.

Click on the image below to enlarge and see the complete stats from our ranking.

Top 10 High Schools in Minneapolis - St Paul Metro Area

 

Sep
08

Twin Cities Housing Market Values Rise, but Boost Varies Greatly | Star Tribune

Housing prices in Hennepin County

Click on Image to view interactive data on Twin Cities home values

It’s been said that the three most important things in real estate are; location, location and location.  This article in Sunday’s Star Tribune perfectly illustrates this point by comparing home value trends in Edina and Wayzata to home value trends in Brooklyn Center and Robbinsdale.

While these four cities are a small sample size of the total Minneapolis – St. Paul real estate market, the difference in the median home values is very telling.  While Edina median home values are down roughly 10% from 2007, Brooklyn Center media home values are still down 42% according to the Hennepin County Assessor.

“After plunging for years across the metro area, home values are finally beginning to climb again — a turnabout that could spell the end of an ugly cycle for the finances of local cities and counties.

In Hennepin County alone, 15 cities are seeing gains in the tax value of residential property for purposes of the budgets and taxes that will be set starting this month. That’s up from just two cities the previous year, with every sign that many others will join the upturn next year.

A closer look at the data, however, shows that not everyone suffered equally during the recession’s plunge, and not everyone is recovering at the same pace.”