It’s true. The market remains a "challenge" for buyers at all price points, and yet the market ebbs and flows each month, each week, each day. So, can serious buyers still secure superior properties as they compete in the multiple offer madness? Absolutely! I always like to discuss and analyze the unique buying power of each of my clients, and every situation is different. Overall, we want to write the cleanest offer possible. We write to win! So what does "clean" look like in today’s market? Here are just a few things we discuss:
Whether you are selling, buying or staying put, you might be thinking about whether your home is still working for you. This time of staying at home, possibly working from home, and schooling children from home, has taught all of us to appreciate our homes and to better understand what we need in our home. As you consider your current home (or your dream home, for that matter!), what does it look like? What spaces are you using? What spaces could be better utilized or repurposed? Could a little bit of creativity and some time spent (and maybe a little bit of money) allow you to create spaces that work better for you in this unique time in history?
I want to encourage you to dream a little. Consider the spaces in your home. Could that guest room, that is very seldom used by guests, be dually purposed as an office space? Could the lower level rec room be split into a part rec and part homeschooling or distance learning space? How about the loft? Could this serve as a work from home station for part of the day?
As we consider what many are calling the “new normal,” more and more buyers are looking for office spaces and distance learning areas as a part of their search criteria; and if we get a little creative with the space each home offers, we can come up with new and innovative ways to make the best use of every floor plan.
If you are selling, I encourage you to consider strategically staging an office space in an area that makes sense for your floor plan. If you are buying, I encourage you to really consider the utility of each space that is on your wishlist and think creatively about how you might use each space. If you are staying put, perhaps you want to do an inventory of your current use of space (I know I am!) and consider whether each room is being used for its greatest good. If you need help getting into this mindset or preparing for your move, call us! We are always happy to help get you started, and we can get creative together.
Well, here we are! Can you believe summer has come? The warm weather has certainly warmed up the real estate market. We are finding that as our economy starts opening up, real estate has never really closed down.
Sellers: This is an amazing time for sellers, as many who have contemplated selling have paused, due to the coronavirus threat. Many of the vulnerable population have decided to wait this out a bit or to move out of their new homes first and sell once they have vacated the property they are moving from. Therefore, those who have chosen to market their homes during this time are enjoying multiple offers and high demand for nearly all properties that are in good repair and ready for an eager buyer to call home. We may see inventory begin to rise as the lockdowns ease up and people start getting back to what “normal” will look like from here on out; yet we would have to see almost triple the inventory with no change in buyer demand to actually find ourselves in a shift to a more balanced market.
Buyers: This is an amazing time for buyers, as well, with the lowest interest rates we have ever seen in the market. Be aware, that as inventory remains low and interest rates remain low, prices will continue to rise, so this will become a factor in the buying decision of many who would like to enter the market at lower price points. We are finding nearly every well priced home in the under $300,000 market will likely see multiple offers. We like to educate buyers before they choose to enter this competitive market, so that they can be fully prepared for the tenacity and aggressive actions needed to secure a home, especially in the lower price ranges.
Your situation is unique. We want to help. If you are looking to make a move, give me a call and our team is happy to assist in every detail, from evaluating whether this is the right time for you to seller or buy (or both!), to the prepping of your home and mindset, to guiding you step by step through the process. We are always happy to help!
I was sitting at a dining room table at a builder model the other day… My clients, the builder representative and myself, each equally spread out around the table, e-signing documents for my buyers to purchase a new home. I commented that it all seemed a little too “normal.” And then, the builder rep walked away and came back, announcing, “I’ve got the sanitizer!” Ahhh… Yes! The econo-sized sanitizer bottle brought us all back to the realities of the “new normal” that we are learning to expect-not only in real estate but in all of life.
As we practice social distancing, sanitizing, sheltering in place, and connecting online, as much as we are able, we have realized that everyone has their own thoughts around what “normal” is today and what they expect it to be. As a Realtor, I have learned that my clients still need homes and I am still happy to serve them in whatever way they feel most comfortable. This looks different in every case.
So what is the best practice for real estate related activities for OUR team? For us, it is completely dependent on the unique perspectives of our clients. We want to be sensitive to every need of our clients. Therefore, we have created Zoom listing appointments, Zoom buyer consultations, virtual showing opportunities, private showings with only one buyer group at a time, and we continue to expand the idea of “normal,” where real estate is concerned.
Whereas some see change as an inconvenience, we have found our clients enjoy the ease with which we are able to adjust to the “new normal” and pivot to online consultations where they can meet with me from the comfort of their own computer. There are times we meet in person, as described above, yet much of the pre-listing and pre-buyer work can be done without any contact at all.
Are you considering a move? If so, give me a call and we can discuss your preferred way of connecting, and customize a plan that takes your safety and comfortability concerns to heart. We are always happy to help!
Welcome to our blog. We hope to be able to provide you with some valuable resources about selling and buying a home in the Twin Cities. We may also include a favorite recipe of ours from time to time, so check back often.