As you may be aware, the founder of Expedia.com recently put into beta a site called Zillow.com. This site aims to give homeowners free estimates of what their home is worth. Read the rest of this entry »
Please please please! I just found out a friend of mine in Wisconsin that I haven’t spoken to for a while was on the verge of buying a house, but it fell through. Apparently, he tried to buy a house in Wisconsin for $212,000, but had problems with financing after it got appraised for only $152,000! Read the rest of this entry »
Although anything you read in the newspaper should be taken with a grain of salt, numbers do seem to indicate that the Minneapolis real estate market is becoming a “sellers” market. Mortgage rates rise, as do homes listed for sale, and new home construction. The spring real estate market will be upon us soon though, and things could quickly change as activity picks up.
Now is the time to remember how much value a licensed Realtor® can bring when you decide to sell your house. Pricing is more important than ever, so getting a professional real estate agent to perform an analysis of the surrounding area and provide you with a CMA (Competitive Market Analysis) so you can price your home right the first time.
Its important to be realistic about what your home is worth, and even more important to have an experienced professional assist you in negotiating offers to purchase your home. Oftentimes, the buyers will have an agent, and coming up against a “for sale by owner” listing, these professionals can normally smell desperation, and you may end up giving up much more than you planned to.
