Today we're at a beautiful new Twin Cities listing to tell you about the three main components to getting a home sold in today's environment: price, marketing, and staging. We're happy to be joined by Kristina Leone from Lionheart Staging to discuss the importance of home staging.
Staging is so important today, and that's what we want to focus on. Years ago, you could simply put a sign in the yard, but buyers have shifted since then...
The state of Minnesota now requires sellers to disclose any radon testing performed on their home and whether or not a mitigation system was recommended. Since radon is such a hot topic in the news, we're seeing more and more buyers request radon testing before they purchase a home.
Radon is a colorless, odorless gas that comes up from the ground. Radon is found in all areas of the country, but it's commonplace in Minnesota and Wisconsin due to the local soil and bedrock. About two in five homes in our area have elevated levels of radon! Yikes!
Radon is hazardous and causes lung cancer. In fact, it's the second leading cause of lung cancer, behind cigarettes. You absolutely should test your home for radon to find out if you have elevated radon levels.
If you do have elevated radon levels, you can install a mitigation...
Is it smart to remodel your home before selling? Often, minor upgrades give you a higher return on investment compared to major renovation projects. Huge construction projects always cost more and take longer to complete than you think.
As part of our services, we help you figure out where to focus your time and energy. Most homeowners have one of three goals when they are considering making renovations to their property.
Increase the sales price. Small cosmetic fixes are best. Buying new appliances or replacing countertops will do more to change your sales price compared to redoing the kitchen entirely. It's worthwhile if replacing $5,000 of appliances and countertops takes your sales price from $200,000 to $222,000.
Sell quickly. Replacing necessary items don't always increase your home's value, but they may still help with the sale. Replacing the windows or water heater could make the home more attractive to buyers who don't want to handle those repairs on their own. That could mean less...
Throughout the year, one question we hear a lot is this: "When is the best time of year to sell my home?" We looked back over the last 15 years, and we found that sellers achieve the most success during the month of February.
Some of you may be surprised at this since February in Minnesota is so cold and sees a high amount of snowfall. The facts are pretty clear, though. In February, there is a significant amount of buyers, and inventory levels are 25% lower than the rest of the year. This means there is less competition for sellers, and the buyers that are out there are serious about purchasing a home.
That said, February buyers are often concerned about the yard. Since the yard can be covered in snow, the buyers won't know what it looks like. We recommend taking professional photographs of the property before any snow hits the ground. Those pictures will give buyers the confidence to move forward. Buyer confidence results in higher rewards for the seller.
If you need a professional photographer to take photos of your property, we can provide one for you. If you have any other questions about...
Posted by Brandon Hedges on Tuesday, April 07, 2015 at 1:08 PMBy Brandon Hedges / April 7, 2015Comment
This beautifully appointed home has been extensively upgraded with custom features not found at this price. The chef's kitchen features granite counter tops and stainless steel appliances. Hardwood floors throughout the main level tie together the open floor plan which is both breathtaking and functional.
Upstairs features 4 bedrooms including a larger master suite with 2 closets, huge master bathroom with separate tub and shower and dual vanities.
Posted by Steve Hall on Monday, March 30, 2015 at 5:03 PMBy Steve Hall / March 30, 2015Comment
This beautiful custom built home sits on the banks of the Minnesota River with exceptional privacy and views of the Minnesota Valley National Wildlife Refuge.
This home features upgrades rarely found at this price. From the 2 master suites - one on the main and one upstairs - to the beautifully appointed basement bar, theatre and fitness center, this home is a masterpiece of design, function and ellegance.
4,373 Total finished square feet
3 car garage
Proudly marketed by Steve Hall for the price of $575,000.
Posted by Matt Barker on Thursday, September 26, 2013 at 1:08 AMBy Matt Barker / September 26, 2013Comment
Setting the asking price correctly can help you with a swift and successful sale. The first few weeks a home is for sale on the market is the best chance for selling a home at a good price, in a reasonable amount of time,
Because of the low inventory in markets across the United States, home buyers are searching the MLS listings every day, waiting for the right home to go on the market. If your home is priced right from the beginning, you will be in the best position to attract home buyer attention and sell the house for a good price within a time frame you can live with. If your price is set too low, you might get a lot of attention and some lowball offers, but you stand a chance of losing out on thousands of dollars. If your price is set too low, less people will come to look and offers to pay your impractical price will be few and far between. You could reduce your price, but by that time you will have likely missed out on home buyers who might have been interested.
How Are Prices Set?
Determining what an initial asking price should be involves research on the real estate market and judgment that comes from experience. The basic steps include, but are not limited to:
Assessing the homes against similar home in the neighborhood that have sold recently or are presently for sale.
Defining what features of the house make the home special among others currently up for sale in the area.
Deciding how much to invest in improvements that could increase the marketability of the home to earn the best sale price.
A good sale price will be close to the market value of the house, which is continuously shifting. Setting the right price from the beginning results...
Posted by Matt Barker on Wednesday, May 15, 2013 at 11:54 PMBy Matt Barker / May 15, 20131 Comment
MPR recently did a story about the proliferation of private
sales in the Twin Cities real estate market. I thought that I would take some
time to talk about what a private real estate sale is and what its pros and
A private real estate sale, otherwise known as a “sleeve”
listing or a “pocket” listing, is a property for which a broker holds a signed
listing agreement from the seller, but it is never actually advertised on a
multiple listing system (MLS). Instead of putting the house on the local MLS,
which exposes it to home buyers and buyer agents, the real estate agent
restricts access to information about the house, hoping for a quick sale.
Posted by Matt Barker on Monday, February 25, 2013 at 1:06 AMBy Matt Barker / February 25, 20131 Comment
More and more home buyers and home sellers are entering the housing market now that it has finally begun to stabilize.
For people who are planning to sell a home, it is important to understand the tax implications that come along with selling a home. It’s also important to be aware of structural and cosmetic flaws in a home and neighborhood that could affect the asking price or cause a property to languish on the market.
Here are six tips for home sellers to avoid mistakes:
Make your home neutral. If your interior or exterior walls are painted with bold colors or textures, it may turn off sellers. They want to be able to imagine themselves living there, and it could be hard if the colors clash with their ideal. It might be worth toning it down with a more neutral palette.
Make reasonable repairs. If there are some obvious flaws with your home that are going to be a turnoff to buyers, such as a damaged roof or broken windows. Mismatched appliances, cabinetry and plumbing fixtures stand out. The same goes for worn floors or carpeting. If you can afford to make some more extensive repairs or remodeling projects, it may be worth it. But choose carefully, as some home remodeling projects have a better return on investment than others.
Finish your remodeling projects. If you started a job and didn't complete it, most people won't want to take that on themselves, even with a significant reduction in price.
Have your home professionally staged. Professional home stagers know how to maximize space and show off a home's strong points, while downplaying its defects. One place they’ll ask you to start is by decluttering.
Pay attention to curb appeal. The front of your home is the first thing...
Posted by Matt Barker on Wednesday, June 22, 2011 at 5:26 PMBy Matt Barker / June 22, 2011Comment
During the month of June, the Home Safety Council celebrates Home Safety Month! The theme for this year’s Home Safety Month campaign is "Hands on Home Safety."
Home safety is of particular concern to people who are trying to sell a home. If a potential buyer is hurt on your property, instead of unloading a house you might gain a lawsuit!
The Home Safety Council (HSC) is an organization which encourages people to take easy steps toward making their homes safer for people and pets. For this year's Home Safety Month, HSC suggests simple hands-on steps to create a safer home environment from the five leading causes of home injury: falls, poisonings, fires and burns, choking or suffocation, and drowning. Many household accidents like these can be avoided with precautionary measures!
Falls are the leading cause of injury at home, according to the HSC. Steps that can be take to prevent falls include:
Make sure that stairwells and hallways are well-lit
Stairs should have handrails on both sides, secured along the full length of the stairway
Fix uneven or broken stairs
Ensure the halls and stairs are unobstructed
Make certain that smooth walking surfaces are dry
Place rugs at doorways and in the kitchen in front of the sink to provide traction in potentially slick walking areas
Falls can easily happen outdoors, too. Cracks in the asphalt that result in uneven pavement or a gap can cause people to trip. The concrete doesn't need to be entirely replaced, however. Mud jacking and sand jacking services can help to raise part of the concrete to reduce the gap. Landscaped paths with brickwork or stepping stones that have become uneven over time should be re-leveled.
Check out the safety articles HSC has provided for a variety of potential issues, including fire, water, cooking and child safety. It also might be worth checking out their summer safety guide.