Article by: JIM BUCHTA , Star Tribune
The Twin Cities posted the second-highest increase in home prices among 20 major U.S. cities in July, as the local housing market continues to strengthen.
The Standard & Poor’s/Case Shiller index showed home prices in the metro area jumped 6 percent in July compared to a year ago, far outpacing the 20-city composite that showed a 1.2 percent gain. The Twin Cities trailed only Phoenix, which saw prices soar 16.6 percent for the month.
Among the metro areas S&P follows, the Twin Cities has been a standout for much of the year with six months of year-over-year gains. July’s increase gives Realtors, buyers and sellers even greater confidence that the market is finally gaining stability after crashing five years ago.
By Tara-Nicholle Nelson
The prospect of selling your home effectively makes you a marketer. And effective marketing requires that you understand the mind and priorities, likes and dislikes of your target buyer. In real estate, we all know that buyers like to see homes that are pristine, huge and well-located. Sometimes, though, it’s much harder to recognize when our own homes might actually be triggering buyers’ distaste – or disgust.
Earlier this year, I gave you some critical insights into what specific things turn buyers off - and now I’m back with a handful more! Whether you’re preparing to sell your home, or you’re in the market to buy a home and want to be aware of what the property’s resale prospects might be, here are five home features and characteristics that are big-time turn-offs for today’s home buyers.
by The KCM Crew
Based on prices, mortgage rates and soaring rents, there may have never been a better time in real estate history to purchase a home than right now. Here are five major reasons purchasers should consider buying:
Supply Is Shrinking
With inventory declining in many regions, finding a home of your dreams may become more difficult going forward. There are buyers in more and more markets surprised that there is no longer a large assortment of houses to choose from. The best homes in the best locations sell first. Don’t miss the opportunity to get that ‘once-in-a-lifetime’ buy.
by The KCM Crew
Many sellers feel that the Spring is the best time to place their home on the market as buyer demand increases at that time of year. However, the Fall and Winter have their own advantages. Here are five reasons to to sell now.
Only Serious Buyers Are Out
At this time of year, only those purchasers who are serious about buying a home will be in the marketplace. You and your family will not be bothered and inconvenienced by mere ‘lookers’. The lookers are at the mall or online doing their holiday shopping.
Some people like living in the past. Others, like to live with it.
By Geoff Williams, FrontDoor.com
She couldn’t quite explain what it was, but Diane Turton sensed something odd about the house she was going to buy. For starters, she hadn’t planned on buying the home at all. As a Realtor, she wanted to sell it and earn a commission. But in 2005, as she stared out at a river from the dining room, she had “a weird feeling.” It was a sensation that was validated when she consulted a psychic, who not only seemed to know she was buying a house, but who added, “There are ghosts in the house, and the ghosts want you there.”
That’s the sort of statement that might make some homeowners turn pale, offer a nervous laugh and tell their real estate agent that they’ve reconsidered. Or maybe just laugh and brush it off. But not Turton. Intrigued and perfectly content with the idea of having a ghost in the house, she and her husband moved in.
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