What Home Buyers in Minnesota Want
For most people, their home is not only the roof over their heads; it is the most valuable financial asset they possess. As such, sellers should expect to make the most profit possible from its sale. With this goal in mind, if you are a seller preparing to put your house on the market, it is essential to consider what features buyers view most favorably.
Things for Home Sellers in MN to Consider
In the process of getting your home in tip-top shape for the market, you may plan to do some upgrades. That's a good idea, providing you do not go overboard on improvements. To spend your money wisely, it pays to know what features make a buyer's heart beat faster when looking at homes. Here are some of the features that turn lookers into buyers.
Color me surprised, but a separate laundry room has become a game-changer with homebuyers in recent years. A dedicated laundry room was the number one feature in a National Association of Home Builders survey, with 91 percent of buyers saying, "I need one!" If you have the washer and dryer in the basement, as many people do, consider kicking the space up a notch with some cabinetry, shelving, and a folding table.
According to a 2019 survey by the National Association of Home Builders (NAHB), 83% of buyers prefer wood floors. If you sell a home with hardwood floors under wall-to-wall carpeting, it makes sense to rip it out and refinish the floors. If your carpeting is begging for a replacement, upgrade to wood, engineered wood, or laminate flooring. ...
Moving to Minnesota
It’s a sure bet that we can all agree that moving is a stressful life event. However, a process will make a move emotionally and physically easier. You can transform moving day from a potentially stressful experience into a fun event with the correct attitude. Yes, it is true. I know these things because I have moved 22 different times in my life and five times over the last eleven years. Sounds exhausting, right? Not really. I like to move most of the time, and I was excited and optimistic. It was an adventure, and I was up for the challenge. Stressful? Some stress is expected, but it can be rewarding if you focus on the positive change ahead, be it a new job, a new city, a new neighborhood, or a newly purchased home.
Advice from a Top Team of Relocation Realtors in MN
In addition to having a positive attitude, there are other steps you can take to make a move go smoothly. Here are my best tips for moving without losing your mind in the process.
Good organization is critical to the success of...
MN Realtor Reflections
It's mid-September, and I find myself emersed in the end-of-summer reflections and, at the same time, feeling the excitement of a new season soon unfolding. But first, to be clear, I am in no hurry to kick summer out the door like a discarded lover because I prefer fall's embrace. Autumn is a spectacular season, and I adore crackling fires, the nip of crisp air, steaming bowls of soup, and pumpkin, everything. However, each season deserves its full measure, and summer is short enough. We'll know when it's time to pull out the favorite turtleneck and crockpot, but with temps still in the 70's and low 80's, fall needs to wait its turn.
Real Estate Agents in MN
Lucky us, in The Twin Cities, we celebrate all four seasons: spring, summer, fall, and winter. However, the lines between when one ends and the next begins are often blurry. I decided to take an informal survey of friends and neighbors on when to let go of summer and move on.
- Labor Day weekend is the end of summer
- Summer ends when the kids go back to school
- End of the Minnesota State Fair means the end of summer
- Meteorological summer is over August 31
Itasca Lofts in The North Loop of Minneapolis
Virtual 3D Tour
When you enter this remarkable loft at 708 N 1st Street in the Historic and award-winning Itasca Building, you immediately notice the blend of natural light, dramatic timber, and brick. The unique architectural combination of modern design and historic elements creates an atmosphere that is both dramatic and intimate.
A True Minneapolis Loft
Do you crave the urban lifestyle? Does exposed brick, wood floors, soaring ceilings, lots of light, views of the city, the romance of the Mississippi Riverfront, and the North Loop right outside your door make your heart beat faster? Then you might fall in love with this fabulous loft too.
Location – The North Loop
The North Loop is known as the trendiest neighborhood in Minneapolis. It has excellent restaurants like the Spoon and Stable and Bachelor Farmer. Beautiful boutiques, hip bars, and Whole Foods. The Mississippi River outside your door with walking and biking trails. It's also a neighborhood steeped in historical significance.
Twin Cities Housing Market Review From Top Local Realtor
There are currently numerous factors that affect the housing market. However, right now, more than anything, it is the consistent lack of homes available for buyers in the lower pricing tiers. This fact holds true both in the Twins and in most markets across the nation.
It's significant that while home values are still increasing, it is slower, more closely matching income and wage growth. While you may be frowning if you are thinking about selling your home in the future, the alignment is healthy for the market. We all knew that sharply escalating prices for homes could not continue indefinitely.
MN Housing Market Trends Have Been Consistent
While we continue to see constraints on available homes for sale at the first-time buyer level, the market is becoming more balanced as we move up to higher price ranges. So sellers are still enjoying a market that favors them under $500,000.
Meanwhile, lower interest rates are helping to continue to make housing affordable despite the rising prices. Even though new listings were up 1.8 percent over July of 2018, inventory levels in the Twin Cities fell 4.4 percent. Despite the fact, demand remains strong, with closed sales up 4.5 percent and pending sales up 3.2 percent.
Although prices are not rising as quickly and steeply, the median selling price was up 5.9 percent over July of last year and up 7 percent as a rolling 12-month...