Twin Cities Real Estate Update~ March, 2021

April 13, 2021

3_March 2021

The real estate market in March continues to show the need for new listings.  Listings were down both from last year and the prior month while the average selling price is up both year over year and from the prior month.  We are continuing to meet with clients to prepare their homes for the market and we are working hard for our buyers to find them the perfect home.  We are ready to talk with you about buying and selling, contact us today!

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 /

What does it mean to be in a Seller’s Market?

April 1, 2021

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I am sure you have heard it over and over…Now is the time to really think seriously about making a move. But it truly is an optimal time to make your home available to Buyer’s who are looking for a home to purchase.

Currently we have historically low inventory which results in greater competition and increases bidding wars. It is essential to understand how to make a confident and competitive offer on your dream home.

Here are a few tips to success:

1. Listen to your Real Estate Advisor – putting trust in us as your Realtor is critical to help Buyer’s stay focused. The process can get emotional, a reminder to keep you from compromising on what you are looking for in a home.

2. Understand your finances – having a complete understanding of your budget and what you can afford is essential.

3. Be prepared to move quickly- we are seeing homes go extremely quickly here in the MSP area.

4. Make a fair offer – expertise of an Agent will help you make an informed offer based on the market value of the home.

5. Stay flexible with negotiations – strengthening your offer with move-in dates, price point and contingencies. Oftentimes in this market, offers are forgoing inspection contingencies and appraisal clauses.

Our local market is a big win for Seller’s, but these conditions will not last forever!

Our BLG team is here to advise our Buyers. This competitive market makes it more important than ever to work with a trusted professional.

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 /Listing /Real Estate News, Updates & Trends /

Real Estate Across the Globe

February 2, 2021

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Have you ever wondered what the Real Estate market is like in other parts of the world? Our team always has different geographical areas on the radar. If you are curious about a specific location, reach out and we’d be happy to provide up to date, accurate information.

Darcy was on a recent visit to Arizona and thought it would be fun to give some stats and predictions. The housing market is looking extremely strong for the Phoenix area in 2021. Realtor.com’s 2021 Housing Forecast predicts the Valley home sales to increase 11.4% from 2020, making it one of the hottest housing markets in the nation.

A few predictions set for the new year include Mortgage rates staying grounded, Inventory will stay sparse and lastly Investing in rental properties will be on the rise.

Phoenix is growing in short term rentals such as Airbnb, it is a landlord friendly state, it has a massive snow-bird market, with some retiring permanently and additionally low taxes in Arizona.  Maybe all of this has to do with the beautiful weather?!

If we can be of help to you in looking at Real Estate around the country, reach out. We’d be happy to connect you with a local expert.

Darcy Warcken

Realtor ~ Better Living Group/Avenue Realty

952-500-3166

Darcy@AvenueRealtyMN.com

BLGHomesMN.com

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

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 /

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 /

August 2020 ~ Real Estate Market Update

September 3, 2020

As we are entering into fall, August real estate numbers show slight growth across the Twin Cities area.  Results for the area 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.  We are here to work with you through the process.  Contact us today to schedule a time to meet.

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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 /

July 2020 ~ Real Estate Market Update

August 5, 2020

July is complete and we are moving into the last month of summer.  As a team, our summer continues to be busy with listing appointments and showing potential buyer’s homes.  The market has stayed stable throughout the past few months and we are seeing a need for more listings to meet the demands of buyers.  Take a look to see how your city performed in July.  Don’t see your city?  Let us know and we’d be happy to put together a personalized report for you.  If you are thinking of getting your home ready to list, now is the time!  Call us today so we can meet to start the conversation.

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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 /

June 2020 ~ Real Estate Market Update

July 8, 2020

It’s hard to believe we are now half way through 2020.  We continue to see the real estate market remain stable.  Our team is busy working with clients on both the buying and selling side.  Are you thinking now is the time to list your home or start the search for your next home?  Reach out to us, we’d love to have a conversation with you to see how we can work together.

Take a look to see how cities across the Twin Cities performed in June.  Don’t see a city you are interested in?  Let us know, we’d be happy to create a personalized report for you.

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Chelsea Knutson, Georgie Christian & Darcy Warcken

Realtors

612-208-2421

BLGHomesMN@AvenueRealtyMN.com

BLGHomesMN.com

the Better Living Group/Avenue Realty

 

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

May 2020 ~ Real Estate Market Update

June 4, 2020

Summer is coming! We’ve finished up the spring market and attached you will see the results for the Twin Cities area in May. Even during these times, the Real Estate market continues to perform well. We are so thankful to everyone we’ve had the opportunity to work with this year and are continuing to work with. Don’t see a city you’re interested in? Contact us, we’d love to put together a personalized market update for you!

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Chelsea Knutson, Georgie Christian & Darcy Warcken

Realtors

612-208-2421

BLGHomesMN@AvenueRealtyMN.com

BLGHomesMN.com

the Better Living Group/Avenue Realty

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