According to the American Pet Products Association survey taken in 2018, 68% of households have at least one pet. People love their pets. That same APPA survey found that those millions of pet owners spent billions of dollars to prove it, $72.13 billion give or take a couple of mils. That’s a lot of puppy chow and catnip!
Many pet owners consider their fuzzy wards children, and often refer to them as “fur babies.” Being a dog owner, I understand completely. Our Doodle is an integral part of our family, and we all love him. However, when the time arrives to sell your home, beloved pets can present logistic problems. As much as I hate to have to say it, there are times that pets can present issues that sellers must resolve before listing the property.
The Challenges of Selling a Home with Pets
Some of the issues sellers faces when they have pets include:
- funky smells and odors
- what to do with pets during showings
Did you know that Sperling’s Best Places named Minneapolis the third best city for hygge in America? Now you do. Don’t get me wrong; we are not turning our nose up at the third place award to Seattle #1 and Portland #2. However, some of us think with more people of Scandinavian heritage in the Twin Cities and colder winters we should be #1 when it comes to getting our hygge mojo working.
What does hygge even mean and how do you pronounce it?
By now, you have probably at least heard the term hygge. It is a Danish concept that has created a considerable buzz in the home décor market. But it is not just about decorating; it’s a lifestyle.
It is a concept of embracing simple pleasures. The Danes, being awesome people, created hygge in the 18 century and it remains an integral part of their culture today.
The word is pronounced “hue-gah.” Frequently defined as coziness, and in the Oxford English Dictionary as “to keep or make oneself snug.” So hygge also reflects a feeling of safeness and warmth.
The critical thing to note is that even...
Another New Year celebration is over. As our planet begins another journey around the sun, so we start our quest for perfection vis a vis New Year’s Resolutions! While most of us are on board with improving our personal and professional life, resolutions may not be the best way to achieve our goals.
Studies show that only 9.2 percent of us complete new year resolutions. What’s even worse is that 80% fail by February. Why are failure rates so stunningly high and what can we do to improve our chances for success?
Why our resolutions fail.
There are several reasons why so many of us crash and burn when it comes to the promises we made in the final days of the outgoing year. We are swept up in those moments when we feel buoyant and inspired about all the glorious opportunities we anticipate in the upcoming twelve thirtyish day blocks of time on the calendar. We feel invincible and as if there is nothing we can’t accomplish. We see traits of Mario Batali, Mary Barra and Marie Kondo in ourselves. And so we launch another year with too many expectations and unrealistic goals, setting ourselves up for another epic fail.
Typically it may look something like this: after work rush to gym...
Can You Recognize a Super Real Estate Agent When You Meet One? Take This Quiz!
You have finally made the big decision to buy a home, and you’re ready to dive headlong into the real estate market! Congratulations! Given today’s market and the great opportunities that abound in the Twin Cities Metro for home ownership, I applaud your decision. But, (and yes there is always a “but,”) before you take the plunge, just like every great athlete needs a coach, or every talented artist needs an agent, you need a Realtor© by your side, advocating for you.
“Why can’t I just advocate for myself?” you say. Great question and I am so glad you asked. An honest and ethical real estate agent will steer you in the right direction, so you don’t waste time spinning your wheels. He will offer expert advice when called for, even if it might not be what you want to hear, and will put your best interest at the forefront of any transaction. Not only will he protect your interests, but also limit your liabilities and even save you money.
“Wow,” you say, “having an agent will give me an edge! I want one, but, with all...
Minneapolis-St Paul Housing Overview
As we approach years’ end, we see some subtle changes in the Twin Cities Metro housing market. The increase in inventory of homes for sale was10.5 percent over last month giving home buyers something to rejoice. This inventory boost by is by no means enough to bring the market into balance but does bring us closer. For consumers who have been trying to buy a home for several months, it was welcome news.
What’s Up and What’s Down
As we compare November of this year to November 2017, we find new listings up 12.6 percent, closed sales down 0.9 percent, the percentage of list price received down 0.1, and the median sale price of $265,150 up 8.2 percent. Meanwhile, pending sales were down 5.2 percent, inventory levels rose 2.3 percent with months supply up 10.5 percent. Days on the market fell 7.1 percent.
So while inventory is increasing and sales are decreasing, we are seeing more price reductions and fewer deals closing for full price offers. Although housing prices are still higher than last year, they appear to be slowing down. Properties for sale are still spending less time on the market than last year, an indication that demand is still robust, and buyers are scooping...
Best End of Year Advice for Real Estate Agents
In just a couple of weeks, the New Year will be upon us. It was a fast twelve months, wasn’t it? It feels like I was talking to you about fall home maintenance only a couple of weeks ago when it was actually in early October. Many trees were still stubbornly holding on to a few leaves, there was no snow on the ground, and we had not even had a hard frost. Now here we are decking the halls and talking about closing out the year and getting ready for 2019.
Admittedly I approach the new year with excitement and optimism tinged with a dash of trepidation and uncertainty. The new year is, after all, filled with mystery! What new clients will I meet? Which buyers and sellers will I reconnect with in the coming year? What changes in the market will surprise me? Which of my predictions will be proven correct? Am I ready for what lies ahead and if not what do I need to do so I don’t fall short of my expectations?
As the days and weeks of the next year unfold, I plan to be ready. One of the ways I prepare is by starting the year without the clutter of the last twelve months. It starts now. Here are some tasks we can take care of before January is on the doorstep because ready or not, soon 2019 will be knocking on the front door!...
Staging for The Holidays
Let’s face it, selling your home over the Christmas Holiday can be a challenge. It goes over, and above the usual inconveniences you must endure and the compromises to the rhythm of your family’s routine you must make when you sell. For most, it happens to be the busiest time of the year regarding shopping, family activities, and entertaining. A string of strangers looking in all your nooks and crannies is not at the top of your wish list.
Many sellers temporarily take their home off the market in December while others wait until January to list. However, there are buyers out there, and most of them that are house shopping in December are serious buyers. So for those sellers with a high level of motivation, the holidays can provide a unique opportunity for your home to shine. You can also get a step ahead of the competition who decide to fast forward to January.
Once you decide to market your home when bells on bobtails ring, the next question is should you decorate and if so what are the rules? Here, the basic rules of staging your home for any season apply. Keep everything clean, eliminate clutter and avoid the personal items in your choice of holiday decorations.
The Minneapolis-St Paul Housing Market Overview
As we look at the Twin Cities Housing Market Statistics for the first month of the final quarter of 2018 the one thing that hasn’t changed for months is the shortage of properties for sale in the lower end of the market. With so few homes that fit their budget, coupled with rising home prices and interest rates, would-be buyers continue to struggle with fulfilling their dream of ownership. Homes at this price range are still selling quickly, but we are finally starting to see that shift we have been talking about, in market conditions overall as we look at narrowing gaps in year over year data for sales, inventory, and price.
What’s Up Doc?
As we compare October of this year to October 2017, we find new listings up 9.2 percent, closed sales rose 3.4 percent, the percentage of list price received up 0.2, and the median sale price of $265,000 up 8.6 percent. Meanwhile, pending sales were down 1.7 percent, inventory levels dropped 2.2 percent, days on the market fell 7.7 percent. In summary, in the Twin Cities 16 county metro at least, we are still experiencing fewer homes on the market taking less time to sell with prices even on an upward trajectory.
What About the Economy?
Our local economy remains strong. The ...
Ready or Not, Winter is Here
If you have been in denial that winter is right around the corner, it’s a reasonable assumption that you are probably not ready to welcome it. That small dusting of snow on the ground should be a hint. It's winter's way of saying, "Ready or not, I'll be visiting you soon!"
Getting caught off guard happens to the best of us. Take heart. Until we get hit with single digit temperatures or significant snowfall you still have time to get ready for the season. More good news, a warming trend is expected to move in this week.
For those of us who meant well but never quite got around to tackling the fall home checklist, Mother Nature is giving
Joe Houghton us a second chance. She is nice that way sometimes. Here are the fundamental ways to prepare for the worse that winter can throw at you.
The Minneapolis-St Paul Housing Market
Some say there are indications in the September housing stats that the market might be starting a shift towards balance. New listings increased 5.9 percent compared to September of last year. However, when we look at months supply of inventory that was down 3.4 percent. So what does this mean?
Let’s keep in mind that although we see balance in the market pricing tier for $500,000 and above, inventory levels in all other price segments are not even close to approaching balance which is a five to six month level of homes for sale. If you are one of those hoping to break into the housing market, your choices are limited with desirable properties selling like lightning going through butter.
Probing into the data, we see that median sales prices are still higher than last year by 6.5 percent when we look at month to month and 7.7 percent over last year when we compare the year over year data. Closed sales are down 5.8 percent and pending down 1.8 percent with properties spending 16 percent less time to sell.
Interest rates are bobbing around the 5 percent rate for mortgages which, combined with higher prices of homes may be sidelining some buyers and forcing others to rethink their home buying strategies. These numbers tell...
5315 Howards Point Road, Shorewood, Minnesota 55661
Lake Minnetonka 2.22 acre estate featuring 250 feet of shoreline
6 Bedrooms and 9 Baths, 9075 Square Feet
Proudly offered at $5,750,000
A Majestic Presence on Lake Minnetonka
Sitting majestically on the shore of Lake Minnetonka in Shorewood is one of the area’s most breath-taking homes. It’s so grand; you might expect to see Prince Harry and Meghan Markle walk into the grand foyer for an evening of cocktails and dinner. It’s a home that would feel comfortable with heads of state, titans of business and industry, and world-renowned celebrities of every genre....
5901 Chowen Ave S
4 Bedrooms, 2 Baths, 2,350 square feet offered at $449,900
Who says you can’t have your cake and eat it too? Tucked away in a lovely neighborhood of Edina we fund a delightful mid-century rambler. This fabulous tastefully updated family home has all the amenities on today’s family wish list.
You cannot beat this location. Edina is one of the most desirable 1st tier suburbs of Minneapolis. The new owners will appreciate the easy access to both Highway 100 and 35 and the Crosstown. Surrounded by parks, lakes, shopping, fun, and food with a 15-minute commute to downtown Minneapolis, what more could you ask for? Great Schools? You have that too. Edina has a nationally recognized school system which has been a magnet for families with kids over the years.
3060 Wild Flower Trail, Medina, Minnesota 55340
5 bedrooms, 5 baths, 5122 square feet, Wayzata Schools, $684,900
Exceptional Home in Medina MN
One of the things we love to do here at the Minnesota Property Group is share stories. Today we have a unique home with an unusual story we want to share. This beautiful Medina home, light shining through its windows, is looking for a new family.
This stunning residence built in 2016 debuted as a David Weekley model home, featuring many thoughtful upgrades added by the builder. When the current owners took a tour, they knew they had found their forever home.
In their own words, “When we purchased this house, we were planning on making it our forever home. The floor plan was perfect. The interior sparkled with all the finishes that showcase a builder’s talent and imagination, but we invested in touches that elevated the feeling of the space from house to home.”
The current owners painted the entire exterior white to carry the theme of lightness inside to the outside as well. But they didn’t stop there. Additional upgrades to enhance the enjoyment of the home and add to the quality of life include storm gutters, insulated garage doors “to help keep the garage more cozy in winter,” an invisible fence for the pets, several large trees to enhance the landscaping...
The Fall Home Buying Puzzle
With summer in the rearview mirror, the fall home buying season is in full swing. As we move into the last quarter of the year, many disappointed summer home shoppers wonder if they should suspend their search to renew efforts in the spring.
As you ponder the question, you should take into consideration that the fall home buying season has some distinct advantages. Instead of taking a break, you may want to stay with the program and intensify your search for a home. Here are some of the perks and rewards you can expect if you decide to stay engaged in the hunt for a home.
Fall Home Buying Means Less Competition
Like most markets, real estate has seasonal adjustments. Fall home buying season is generally less busy than the spring and summer markets. The “must buy a home before school starts” mentality is one reason. Another is that some people do not want to move in the winter months.
Those who have no school-age kiddos or are more flexible about their moving timetable can take advantage of that market slowdown. They will find less competition for homes and less chance of...
Getting Your Home Ready for Winter
That nip we feel in the air means fall is here. The season is synonymous with pumpkins, falling leaves, apple cider, and preventive home maintenance! What? Home maintenance - You know, like working around the house.
If you are a long time homeowner, you know this drill. If this is your first home, listen up! Most of the necessary chores you can do yourself. Accomplishing these tasks will not only protect your investment but can also lower your energy bills.
While temperatures are still moderate, and before the snow flies let’s get cracking! Here is my 21 step checklist. Accomplish them all, and you and your home will be as prepared for winter as you can be. Your family and your home will thank you for it.
Yard and Landscaping
1. The lawn needs some attention now if you want it to look its best in the spring. The autumn is the perfect time to aerate, fertilize and reseed your lawn.
2. Never allow piles of leaves to sit on your grass for the winter. You can rake and...
The Minneapolis-St Paul Housing Market Overview
As we look at the end of the summer real estate season, things have not changed very much. We see new listings up 7.6 percent over August of last year, which is a bright spot. However, for first-time home buyers, the story is still one of the limited housing choices facing continued strong demand. The situation when we look at listings under $300,000 is still critical regarding supply. The higher we go up the price tiers, the more balance we see. Properties priced from $500,000 up to $1,000,000, offer a more balanced market in which buyers have more options compared to the over $1,000,000, strata, which is a buyers market.
Looking deeper into the data gives us some reason to be optimistic but cautiously so. Even though we saw an increase in new listings, inventory levels fell 8 percent from last year. Pending sales were down 2.9 percent and closed sales ticked slightly upward at 0.2 percent over the same time last year. Home values continue to move upward to the tune of 6.3 percent while spending less time on the market. Buyers at the lower price range are making full price offers or engage in bidding wars to close a deal.
New Construction in the Metro
2860 Zanzibar Lane N Plymouth, MN.
4 Bedrooms, 3 Baths, 2148 Square Feet, Offered at $374,900
Open House: 9/16 11:30 AM - 1:00 PM
If you are on a search for a home in the award winning Wayzata School District we’ve got you covered. This stylish tri-level home is open and bright and offers warmth, charm, and comfort coupled with modern functionality. All the features and amenities on most buyers’ wish list are present in this well-appointed home, and you will love the improvements and updates that have recently been done by the current owners.
Four bedrooms and three baths on three levels of beautiful living space offer your family lots to enjoy. Its excellent location is convenient to highways, shopping, parks, and recreation. Located in the sought after neighborhood of Mapledell, this outstanding home is right off the Maple Creek Trail and Park. Did we mention your kiddos would attend ...
First Time Home Buyer Options in the Twin Cities
It’s an indisputable fact that buying a home today is a complicated process. It can be especially intimidating for a first-time buyer. Also, there is a severe shortage of inventory in the category of entry-level homes making the transition into homeowner a challenge. The home buying process in the Twin Cities Metro is not as simple as searching for a house, finding one that suits you, making an offer and going to closing. Although these are indeed the basics, it is not the complete picture. There are a lot of pesky details that are not understood and become fertile ground for the seeds of mistaken beliefs. The topic that seems to represent the most confusion is obtaining a mortgage. Let’s take a closer look at some of the most common myths about mortgage eligibility.
First Time Home Buyer Mortgages and Myths
Many people still believe you need a 20% down payment to buy a home in MN. No, you don't. Although a buyer needs to put 20 percent down on a home to avoid paying Private Mortgage Insurance, most can buy a house with much less money. When you look at real estate market statistics for home buyers in MN,...
July 2018 Snapshot – Twin Cities Housing
As we look at the data for July, we see the reason for buyers to be a bit more optimistic. Although this is still a market that favors sellers at price ranges under $500,000, we did see an increase of 4.1 percent in new listings when compared to July of last year. However, buyers should hold off popping the cork on that bottle of champagne because it is sellers that have a reason to celebrate with the median sale price up 6.6 percent over the same time last year. Pending sales were up 0.4 percent and closed transactions were flat with days on the market falling 17.4 percent and inventory levels down 13.4 percent.
Although we hear the terms “housing market bubble” and “real estate market shift” being bandied about by analysts, economic indicators may be pointing to a slowdown but not a bursting bubble. Past the middle of the year and heading into the end of summer we continue to see record low unemployment and the longest running bull market in history, in spite of trade wars and rumblings about impeachment. While we may be wise to pay attention to the former, history proves the latter will have little or no effect on stocks, housing or the economy in general. ...
1512 Fairfield Rd S, Minnetonka, Minnesota 55305
Offered at $524,900
Open House: Sunday 8/12 2:30-4:00 PM
If you are looking for a great family home in a sought after community with excellent schools we have the perfect choice for you. Consider this gracious and elegant three bedrooms three bath residence in Minnetonka. With 2376 square feet of living space this traditionally styled two story home not only fits the needs of a family but is also the perfect setting for entertaining.
Prepare to be inspired by classic style with undertones of warmth and contemporary elegance. From your first glimpse, it is obvious this home is meticulous. We are very impressed, and you will be too!