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

April 1, 2021

SOLD image

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 /

Maple Lake Lot Available to Build Your Dream Home

October 30, 2020

IMG_4151

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 /

Update: Current Mortgage Rates

May 13, 2014

When purchasing a home there are many factors to consider. One major factor, is mortgage rates. Mortgage rates are constantly in a state of ups and downs with weekly, if not daily changes. This is something to keep in mind and consider when you are thinking about purchasing a home and/or selling your current home.

In a recent Freddie Mac Primary Mortgage Survey, mortgage rates, for the week of April 17th on a 30 – year fixed mortgage were at 4.27% compared to 4.34% the week prior – still up from 3.42% in 2013. For a 15 – year fixed mortgage, rates fell from 3.38% to 3.33% – still up from 2.64% in 2013.

Speaking with a mortgage lender prior to looking for a home is very important. They are able to give you all of the information needed to make an informed decision on the current interest rates and how they will effect your monthly mortgage payment. They are also available to answer any questions you have regarding the lending side of purchasing a home.

If you or someone you know is thinking about buying a home and/or selling your current home, contact the Better Living Group today! We are here to provide you with information on purchasing a home and a free market analysis for the home you are considering to sell. The Better Living Group are Real Estate professionals in the Twin Cities and Greater Metro areas who are ready and able to assist with all of your Real Estate needs and goals and to provide only the best Real Estate service to all of our clients past, present and future.

mortgage-rates2-300x249

Chelsea Knutson and the Better Living Group

Realtor- GRI, ABR, CDPE

Keller Williams Classic Realty NW

Posted in Community /Open House /Real Estate News, Updates & Trends /

3 most frequently asked questions from buyers

April 28, 2014

There are many questions that buyers have when purchasing a home. All relate to the entire transaction from start to finish. As your local Real Estate Economists, we ensure all of our clients know what the process is to purchase a new home, every step of the way. We hear many of the same questions from buyers who are in the market to purchase a home and here are the answers to those frequently asked questions.
What is earnest money and where does it go? When writing an offer on a home you put down, what is called earnest money. This is to let the sellers know that you are earnest about purchasing the property. This earnest money is put into the Listing Brokers trust account within 2 business days of final acceptance and goes towards your loan at closing.
How do you (my Realtor) get paid? When working with a Licensed Realtor many clients ask how we get paid. There is typically a commission payout amount that the seller has previously agreed to pay to the listing agent, as well as the selling (buyers) agent. The buyer does not pay the commission.
Is this home worth the list price? Prior to writing an offer we do a Current Comparable Market Analysis to make sure the home you are looking to purchase is priced appropriately. There are many things that go in to this analysis. This will give us the correct price range at which the market suggests it is worth and will better prepare you for the price you choose to offer.
If you are thinking about purchasing a home and/or need to sell your home, contact us today. We go over current market trends and have fantastic lender referrals available, all who are ready and able to assist you. My team and I are licensed Realtors in MN, working in the Twin Cities and greater Metro Areas. We’re dedicated to providing the very best service to all of our clients – past, present and future.

Unknown
Chelsea Knutson and the Better Living Group

Realtor- GRI, ABR, CDPE

Keller Williams Classic Realty NW

Posted in Community /Real Estate News, Updates & Trends /

Just Listed – Updated One ½ Story home in Roseville

February 6, 2014 Hurm - Porch

My Team, the Better Living Group at Keller Williams Classic Realty NW in Maple Grove, MN, has just listed this beautifully updated one ½ story home in Roseville, MN. This home includes over 1,800 sq ft of space including 4 bedrooms and 3 bathrooms, one on each level. The beautiful and original hard wood floors are sure to catch your eye!
Off the back of the home there is a beautiful 3-season porch, it stays nice and toasty when enjoying your morning cup of coffee and sitting by the fireplace! Also including a large deck with plenty of space to entertain throughout each season.
If you are interested in this property, are thinking about purchasing a home in the Roseville area and/or need to sell your home, contact us today! We know the current market trends and have some fantastic and reputable lender referrals available, all who are ready and able to assist you in purchasing your new home.
The Better Living Group are licensed Realtors in MN, working in the Twin Cities and greater Metro Areas and we’re dedicated to providing the very best service to all of our clients – past, present and future.

Hurm - Porch

Hurm - Ext Back Porch
Chelsea Knutson and the Better Living Group

Realtor- GRI, ABR, CDPE

Keller Williams Classic Realty NW

Posted in Community /Local Festivities /Open House /Real Estate News, Updates & Trends /

RE 2014 | Sellers No Longer In the Driver’s Seat

January 30, 2014 real_estate_picture

The real estate market seems to always be in a state of ups and downs – you may even refer to it as a rollercoaster ride of supply and demand. In 2013, we saw a low inventory of homes on the market, making it tough to satisfy all the Buyers who were looking to purchase. In turn, this created multiple offer situations for many Buyers looking to snatch the home they love. This has been ideal for residential sales as its been awhile since they had the pleasure of requesting the ‘highest and best’ offer for the property.
Most recently, we’ve seen a slight turn in inventory. More properties are beginning to come on the market and list prices are rising along with them. This combination is forcing Buyers to become more money savvy, taking a closer look at the costs they will incur for the home they want to purchase. Of course the rise in home prices is great for those looking to sell their home, and typically puts a positive spin on the equity issue many have been experiencing.
With all this in mind, and knowing that interest rates are expected to rise in 2014, Sellers still have work to do in order to compete in this market. Many Buyers aren’t looking to purchase the ‘fixer upper’, and if you’re one of the few and brave that are, you’re certainly not looking to pay top dollar. What to do to get top dollar? Clean it, stage it and price it right – this means price it in accordance with the market, not in accordance with what you’d like to get out of it. Also, Buyers are expecting a well cared for and mostly updated interior with a groomed and maintained exterior, and they’re willing to walk away if the home’s condition and price don’t match up.
This is just the beginning of our New Year, if you have questions about how to get the most amount of money out of your home, or are in need of assistance when it comes to purchasing a new one – the Better Living Group is here for you. Let us know how we can help make your 2014, the best one yet!

real_estate_picture

Chelsea Knutson and the Better Living Group

Realtor- GRI, ABR, CDPE

Keller Williams Classic Realty NW

Posted in Community /Local Festivities /Real Estate News, Updates & Trends /

Just Listed: Move-In Property with Elm Creek Park Reserve Access

January 23, 2014 Martini - Exterior Front

Our team, the Better Living Group, in Maple Grove, MN has just listed this beautiful single family home! This home has many great amenities including an upgraded kitchen with stainless steel appliances and beautiful granite countertops. It is a 4-bedroom house with 2-bathrooms, equipped with plenty of living space and extra storage.
An easily accessible location with front to back tree coverage, large backyard, a fire pit and a horse shoe pit – all made to entertain on those beautiful summer days & nights that are about to come our way! The backyard backs up to Elm Creek Park Reserve trails, with miles of fun for winter or summer activities.
If you are interested in this property, are thinking about purchasing a home in the Maple Grove area and/or need to sell your home, contact us today! We know the current market trends and have some fantastic and reputable lender referrals available, all who are ready and able to assist you in purchasing your new home.
The Better Living Group are licensed Realtors in MN, working in the Twin Cities and greater Metro Areas and we’re dedicated to providing the very best service to all of our clients – past, present and future.

Martini - Exterior Back
Martini - KT

Chelsea Knutson and the Better Living Group

Realtor- GRI, ABR, CDPE

Keller Williams Classic Realty NW

Posted in Community /Open House /Real Estate News, Updates & Trends /

Update: Mortgage Interest Rates at Four Month Low

November 1, 2013

Due to the recent government shut down the mortgage industry has seen some changes, added with weak job numbers as a result of the shutdown, fixed mortgage rates are now at a four month low.

In July of this year we saw interest rates begin to rise with 30-year fixed rate mortgages go from 3.93% to 4.46%. This was the largest jump in interest rates at one given time since 1987. Now, since the shut down, we have seen rates drop from 4.28% to 4.13%. This is still quite a bit higher then last year, which was 3.41%, yet the rates are still low and affordable for many of us looking to purchase a new home.

If you are thinking about purchasing a home and/or need to sell your home, contact us today. We will go over current market trends and have some fantastic lender referrals available, all who are ready and able to assist you. My team and I are licensed Realtors in MN, working in the Twin Cities and greater Metro Areas and we’re dedicated to providing the very best service to all of our clients – past, present and future.

Chelsea Knutson and the Better Living Group

Realtor- GRI, ABR, CDPE

Keller Williams Classic Realty NW

Posted in Community /Real Estate News, Updates & Trends /

Purchasing a New Home? Tips for Staying In the Know

October 24, 2013

When you are in the market to purchase a home, there are many things you’ll want to take into consideration. There are aspects of the home purchasing process you’ll need to understand, some more important than others.

First and foremost, start with preparing yourself with the wants and needs of your new home, as well as what sacrifices you’re willing to make – because there will be sacrifices, no house is perfect, not even new construction. Our team ensures our clients are as prepared as possible when they’re ready to move forward. It’s our sincere pleasure to see our Buyers find the house that they’re excited to call home.

Next, you’ll want to determine what type of financing is going to work best for you. There are many different options out there and each type of financing has it’s own rules and regulations to follow, some even have stipulations on the property’s overall condition. Lean on your Realtor and Loan Officer when it comes to knowing if the home you are looking at may cause a financing issue, they should be able to give you a good indication if the purchase will go through, prior to writing an offer.

Now we’re on to house shopping! You’ll want to keep an eye out for the condition of the major systems and mechanics of a home, i.e. the furnace/boiler, air-conditioner, water heater, roof, windows, etc. These are expenses that are more costly to replace, especially if you’re not prepared for them. When you’ve found a home that fits your needs, take a second look at these systems with your Realtor, write your offer accordingly and most importantly, get a home inspection. A home inspector will look at things that are not easily visible to you or your Realtor, you will need this inspection to understand how to care for your home and to determine if there are any items that should be discussed with the Seller.

Being an informed Buyer and aware of these few steps will make looking at homes much more enjoyable. While some properties may seem to be a great deal, they may also turn into a money pit if you don’t take the necessary precautions. On the other hand, many will be just what they seem to be – a not quite perfect yet fantastic home, at a fair market price.

Our Team looks forward to all of our clients finding the home of their dreams and we’ll be there to help with these and all the other steps in the home purchase process. We are here for the good, the bad, the ugly and everything in between.

If you are thinking about purchasing a home and/or need to sell your home, contact us today. We will go over current market trends and have some fantastic lender referrals available, all who are ready and able to assist you. My team and I are licensed Realtors in MN, working in the Twin Cities and greater Metro Areas and we’re dedicated to providing the very best service to all of our clients – past, present and future.

house_diag2

Chelsea Knutson and the Better Living Group

Realtor- GRI, ABR, CDPE

Keller Williams Classic Realty NW

Posted in Community /Real Estate News, Updates & Trends /

Showings: Homeowner Tips & Tricks

October 9, 2013

When selling your home, many Sellers ask how they should prepare when Buyers schedule a showing to walk through their house. Do I stage it? Do I put certain things away? There are many tips that we can give you when you are in the market to sell your home. In order to make the most amount of money in the most efficient amount of time, here are a couple of things to keep in mind.

First up, simplify. When your home is filled with all of your personal pictures and memories, it makes it harder for potential home buyers to walk through and picture themselves living out their future memories. Also, if there is just a few too many pieces of furniture to maneuver around, it will make it more difficult for the Buyers to see how large and useful the space will be for them. Clearing out and simplifying your house for sale will benefit both parties – as the Seller, you’ll be halfway done with packing before the sale, which will make your move less stressful and more enjoyable.

Second, the cleanest house always wins. Buyers will make an initial judgment about a home within the first few seconds of entering. Putting away your morning dishes, wiping down the main visible areas and vacuuming will benefit their initial reaction to entering your home. A clean and clutter free house is a great start to making the best out of selling your home.

If you are thinking about selling your home, or buying a home, give us a call. The market is hot, home prices are on the rise and interest rates are still historically low. We always want the best for our Buyers and Sellers and are readily available to help with all of your Real Estate goals and dreams.

westchester_tool_rentals_clean_house

Chelsea Knutson

Realtor- GRI, ABR, CDPE

763-496-2903

the Better Living Group

Keller Williams Classic Realty NW

Posted in Community /Real Estate News, Updates & Trends /