Monday, December 10th, 2012

By Leah Gillis

There is a lot to know about selling a home. And we’ve covered the topic of home staging as an important factor in attracting buyers. But did you know there are specific home staging tips for winter, spring, summer and fall? It’s true — seasonal home staging can better your chances of attracting buyers throughout the year.

 
Home staging during cold winter months is different than staging in the summer, and with some staging tips you can make the most of your home no matter what the season. For instance, make a patio into a dining area in the summer and don’t be afraid to use flower pots in the winter.

Barb Schwarz, inventor of the phrase “home staging,” shares her seasonal tips for staging your home in every season to make sure your home stands out on the market. “The number one thing is that your home becomes a house and the house becomes a product,” says Schwarz. “That’s the underlying principle in this process, so sellers have to cut the strings of attachment.

“The bottom line: This is about getting you money, Mister Seller. It’s ‘Jerry Maguire’ time: ‘Show me the money!’”

Read the Full Article Here

Monday, December 3rd, 2012


Home buyers entered more contracts and homeowners listed more properties than during the same week of 2011. As a whole, 2012 is shaping up to be quite the pivotal year for housing. With 2013 right around the corner, the smart money is monitoring seller concessions, market times, absorption rates and, of course, home prices. The genius money is watching foreclosure listing and sales volumes, delinquency rates and showing activity.

In the Twin Cities region, for the week ending November 24:

  • New Listings increased 0.7% to 607
  • Pending Sales increased 12.8% to 608
  • Inventory decreased 28.8% to 14,546

For the month of October:

  • Median Sales Price increased 14.8% to $175,000
  • Days on Market decreased 25.2% to 103
  • Percent of Original List Price Received increased 3.5% to 94.5%
  • Months Supply of Inventory decreased 39.6% to 3.8

Click here for the full Weekly Market Activity Report.

From The Skinny.

Posted in Weekly Report |
Friday, November 30th, 2012

 

By Tara-Nicholle Nelson

It’s easy to see the experience of buying or selling a home as an adversarial one: you vs. the people on the other side of the bargaining table, with one chess move by your opponent potentially costing you thousands of dollars.

In my experience, though, the average real estate consumer’s biggest potential enemy is him or herself. Buyers and sellers routinely take approaches, make moves and make omissions that cost themselves much more than anything the other side could ever do.

The first step of any cure is diagnosis. Here are some clues to detecting the costliest cases of real estate self-sabotage so you can stop them in their tracks, get out of your own way and get back to the business of buying or selling your home:

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Friday, November 30th, 2012

By: Lisa Kaplan Gordon

Here’s how to light up your Christmas light display safely and economically.

Shop the after-Christmas sales to stock up on lights for next year at a lower price.

Christmas lights can be modest displays to show good cheer, or million-bulb light-apaloozas that draw gawkers from near and far. Here are some tips on how to get the most from — and spend the least on — your holiday display.

1. Safety first. Emergency rooms are filled with home owners who lose fights with their holiday lights and fall off ladders or suffer electric shocks. To avoid the holiday black and blues, never hang lights solo; instead, work with a partner who holds the ladder. Also, avoid climbing on roofs after rain or snow.

Click Here For More

Friday, November 30th, 2012

By The Associated Press | Posted Nov 6th 2012 10:38AM

By Christopher S. Rugaber

WASHINGTON — A measure of U.S. home prices jumped 5 percent in September compared with a year ago, the largest year-over-year increase since July 2006. The gain reported by CoreLogic offered more evidence of a sustainable housing recovery.
The real estate data provider also said Tuesday that prices declined 0.3 percent in September from August, the first drop after six straight increases. The monthly figures are not seasonally adjusted. CoreLogic says the monthly decline reflects the end of the summer home-buying season and not a softening in the housing recovery.

Steady price increases should give the housing market more momentum when home sales pick up in the spring. Rising prices encourage more homeowners to sell their homes and entice would-be buyers to purchase homes before prices rise further.

Other measures have also shown healthy gains in home prices over the past year. The Standard & Poor’s/Case Shiller 20-city index rose 2 percent in August compared with a year ago, a faster pace than the previous month.

The price gains in the past year reported by CoreLogic were widespread. Prices have risen in all but seven states. And they declined in only 18 out of 100 large cities that are tracked by the index.

Some of the Worst Markets See the Biggest Price Rises

Some of the biggest increases were in states that suffered the worst from the housing bust. Home prices in Arizona jumped 18.7 percent in the past year, the most of any state. Home prices in Idaho rose 13.1 percent, the second largest. Nevada’s home values rose 11 percent.

Read The Full Article Here

Posted in Housing Market in Minneapolis, Minneapolis Home Prices, Minneapolis Home Sales, Real Estate Market, Twin Cities Home Prices |

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