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October 2020 ~ Real Estate Market Update

November 17, 2020

As October came to a close the real estate market showed that the need for new homes on the market is still there.  With the average selling price up in the Twin Cities area and the number of homes on the market down, now is a great time to list your home.  Even with the holidays quickly approaching, we are still very busy with active buyers looking for their next home.  If you are thinking of listing your home now, or after the holidays, give us a call today.  We’d love to begin the conversation of when the time is right for you and your family.

Take a look at the results for the areas are listed below.  Looking for information on a city you don’t see?  Let us know, we’d be happy to put together a customized report for you.

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Chelsea Knutson, Georgie Christian & Darcy Warcken

Realtors~ Better Living Group/Avenue Realty

612-208-2421

BLGHomesMN@AvenueRealtyMN.com

BLGHomesMN.com

Posted in Better Living Group team /Buying /Listing /Real Estate News, Updates & Trends /

Why the 2021 Forecast Doesn’t Call for a Foreclosure Crisis

November 13, 2020

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I was recently reading an article and feel this information, published by Keeping Current Matters, has some valuable points.

As the current forbearance mortgage relief options come to an end, many are wondering if we’ll face a foreclosure crisis next year. This is understandable, especially for those who remember the housing crisis that began in 2008. The reality is, plans have been put in place through forbearance to ensure history doesn’t repeat itself.

This year, homeowners are able to request mortgage relief through forbearance. As forbearance expires, homeowners should stay in touch with their lender, because creating a plan for the deferred payments is a critical next step to avoiding foreclosure.

There are multiple options for homeowners to pursue at this point, and with the right planning and communication with the lender, foreclosure doesn’t have to be one of them. When looking at the percentage of people in forbearance, we can also see that this number has been decreasing steadily throughout the year. Fewer people than initially expected are still in forbearance, so the number of homeowners who will need to work out alternative payment options is declining. This means there are fewer and fewer homeowners at risk of foreclosure, and many who initially applied for forbearance didn’t end up needing it.

If you’re currently in forbearance, or think you should be, because you’re concerned about being able to make your mortgage payments, reach out to your lender to discuss your options and next steps. Having a trusted and knowledgeable professional on your side to guide you is essential in this process and might be the driving factor that helps you stay in your home.

Many homeowners have enough equity in their homes today to be able to sell their houses instead of foreclosing. Selling and protecting the overall financial investment may be a very solid option for many. If you are curious about your current home value, reach out to discuss!

 

Darcy Warcken

Realtor, Buyer & Listing Specialist

952.500.3166

Darcy@AvenueRealtyMN.com

BLGHomesMN.com

Better Living Group/Avenue Realty

Posted in Better Living Group team /Real Estate News, Updates & Trends /

Maple Lake Lot Available to Build Your Dream Home

October 30, 2020

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A couple of weeks ago I wrote a blog about all of the new construction properties going up in and around the Twin Cities area. In addition to all that new construction there are individual lots that are for sale. With these individual lots, there is an expensive amount of opportunity for you to build exactly what you want.

Currently, our team has a beautiful lot in Maple Lake, MN located at 361 Cedar Ave. This lot is for sale for $28,000 and is just under half an acre. A partial survey has been completed in addition to having access to city sewer and water, it is ready for your new home. The opportunities on this lot are are Vast. With this individual lot you are able to build through the builder of your choosing. Many times when you are building new construction you are buying a lot through a specific builder and are required to use that builder to build your new home. Not in this case. 361 Cedar Ave. has potential for you to build a single-family home of your dreams through a builder that you highly trust and worked hard to come by.

If you are interested in building, this lot in Maple Lake, MN may be a great option for you. Maple Lake may be a small town but there are many wonderful things that it encompasses. A couple big ones are the ice fishing derby, typically held beginning of February. And also St. Patrick’s Day, which is a huge celebration for the town of Maple Lake. There are also restaurants close by 361 Cedar Ave. And in addition to all of the above it is a 45 minute drive to downtown and easy access to 94 and 55 so you may get to all of your destinations.

If building is something that you are considering but do not know where to start, please feel free to reach out. Our team has great referrals with an abundance of builders that build custom homes. We would so happily help in making a decision of which builder you would choose to build on 361 Cedar Ave.

Best,
Georgie Christian
Realtor, 763-807-5021
The Better Living Group
Avenue Realty

Posted in Better Living Group team /Land /Listing /

September 2020 ~ Real Estate Market Update

October 6, 2020

Fall has arrived, the Parade of Homes has finished their annual event and the real estate market continues to show growth in many areas.  The biggest need right now is in new listings.  If you are thinking of listing your home, now is a great time to meet with us to get the process started!   We are here to work with you through the process.  Contact us today to schedule a time to meet.

Take a look at the results for the areas are listed below.  Looking for information on a city you don’t see?  Let us know, we’d be happy to put together a customized report for you.

Remember, Fall is a GREAT time to buy, sell or invest in real estate.

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Chelsea Knutson, Georgie Christian & Darcy Warcken

Realtors~ Better Living Group/Avenue Realty

612-208-2421

BLGHomesMN@AvenueRealtyMN.com

BLGHomesMN.com

Posted in Better Living Group team /Buying /Listing /Real Estate News, Updates & Trends /

New Construction: Working with a Realtor

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When it comes to new construction many do not know where to start and how a Licensed Realtor can assist through that process.

As a realtor we can sell any type of property whether that be residential, single-family, raw land, to-be-built homes and more. Our team has assisted many clients through the purchase of new construction properties and to-be-built homes through a variety of builders. This process has shown many benefits for our clients. For example, in the past we have had to negotiate the cancellation of a new construction property for a client. In order to get a large portion of their nonrefundable earnest money back, our team fought hard for our client and were able to end the transaction in the best way possible for our client. When purchasing a new construction property there are many different aspects that come in to play when it comes to terms. Builders may offer different options as far as closing costs, finishes, price points on all aspects of the property and other items that may be negotiable within an agreement. We are here to make sure YOU get not only the property that you are wanting but also the smoothest and most comfortable transaction.

Currently in the Twin Cities and Greater Metro areas there is an abundance of new construction going up with an expansive array of builders. Price points and type of property will vary per area and per builder. Here is an idea of price points in a couple different locations:

Maple Lake and surrounding area New Construction Price Points between $234,900-$1,250,000.

Albertville and surrounding area New Construction Price Points between $248,900-$799,600.

Minnetonka and surrounding area New Construction Price Points between $524,900-$1,599,900.

This is just a fraction of the new construction going up here in Minnesota and the price points of said construction. Of course, with different price points comes different finishes, sizes, style of home and so much more. If you are interested in purchasing new construction, let me tell you, that there is a lot that goes into it and we on the Better Living Group are here and happy to assist you through that process. We will ensure you have all the necessary information to make an informed decision on the purchase of a new construction property that best fits your wants and needs in a new and custom home.

 

Georgie Christian

Realtor

763-807-5021

Georgie@AvenueRealtyMN.com

BLGHomesMN.com

Better Living Group/Avenue Realty

 

Posted in Better Living Group team /Buying /Real Estate News, Updates & Trends /