Monday, April 30th, 2012

 

By Tara Nelson

My doctor recently confided in me that physicians have a golden rule when it comes to gettingan accurate estimate of how much alcohol their patients drink on a daily basis. They take whatever number of drinks you enter on the patient information form, then multiply it by a factor of three!

While comedic (if slightly troubling), this rule is not that dissimilar from how home buyers approach the art and science of translating home sale listing-speak into what they think is a more accurate understanding of the property’s characteristics and condition.

Just as property staging creates a somewhat contrived scenario buyers can imagine their own families taking part in, property listing descriptions have evolved into a sort of verbal staging exercise where sellers and agents may create an artificial‘scenario’ that belies the true state of the property. Fortunately for savvy sellers, there’s another parallel between physical and verbal home staging: it’s all about the edit.

Removing well-intentioned but counterproductive verbal clutter from your listing is simple, but not easy. It starts with understanding what buyers take away from your words vs. what you truly meant or intended to convey. Here, to start building that understanding, are four common areas of big-time disconnects between what sellers say and what buyers hear.

Click Here For More

Monday, April 30th, 2012

 

Closing on a house can be joyful or horrific. Follow this advice for a smooth settlement.

By Polyana da Costa of Bankrate.com

You finally found the house of your dreams. You signed a contract and got approved for a mortgage. You’ve even hired the movers. Now comes the most important part: the closing.

In an ideal world, closing should be a mere formality, where homebuyer and seller sign on the dotted lines, exchange checks for the keys and shake hands. But this isn’t an ideal world, which means that if you and the professionals you hired don’t prepare, your closing could be a disaster.

Here are six tips for ensuring your closing goes smoothly.

Click Here For More

Monday, April 30th, 2012

 

Closing on a house can be joyful or horrific. Follow this advice for a smooth settlement.

By Polyana da Costa of Bankrate.com

You finally found the house of your dreams. You signed a contract and got approved for a mortgage. You’ve even hired the movers. Now comes the most important part: the closing.

In an ideal world, closing should be a mere formality, where homebuyer and seller sign on the dotted lines, exchange checks for the keys and shake hands. But this isn’t an ideal world, which means that if you and the professionals you hired don’t prepare, your closing could be a disaster.

Here are six tips for ensuring your closing goes smoothly.

Click Here For More

Monday, April 30th, 2012

There’s that sound again. It’s the media message you once heard on the TV and radio or read in newspapers and on the Internet in days seemingly long gone. Real estate stories are mostly being cast in a generous light. That’s all well and good, but is now the time to list or buy? Answering that question still relies upon many specific, localized, determining factors, but we have reached a place where the process is generally more positive and enjoyable. That big American dream of homeownership is no longer haunted by night terrors.

In the Twin Cities region, for the week ending April 21:

  • New Listings increased 13.9% to 1,677
  • Pending Sales increased 41.2% to 1,281
  • Inventory decreased 28.4% to 17,447

For the month of March:

  • Median Sales Price increased 7.1% to $149,900
  • Days on Market decreased 9.7% to 144
  • Percent of Original List Price Received increased 3.8% to 92.1%
  • Months Supply of Inventory decreased 37.6% to 4.7

Click here for the full Weekly Market Activity Report.

From The Skinny.

Friday, April 27th, 2012

Mark your calendars! Start making plans!

The 2012 Nationwide Open House Weekend is this weekend – April 28th and 29th.

With record breaking housing affordability conditions, this event will be better than ever.

Contact your local real estate office for more information on times & locations.

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