No Comments

Tips to Keeping your Home Safe



fraud, crime, hand, security, safety, real estate, house, home, isolated, lock, protect, metal, safe, system, steel, close, code, combination, deposit, concept, symbolic, wealth, stainless, savings, business, symbol, forbidden, Free Images In PxHere


When getting your home ready to sell, safety should be in the forefront of your mind. Here are some items to consider before listing your home for sale:

Door and Window Locks

Prior to selling your home, be sure all door and window looks are in working order. Make sure that there are spare keys that work, in case the buyer’s argent has issues with entering your property. Check the locks when you arrive home after the showing to make sure no uninvited house guest left a window unlocked to enter at a later time. .

Clear Your Desk.

If you work from home, you know the importance of securing sensitive information. Other items you may not have thought about are your bills, your calendar, and any other personal information about your or your family. Be sure to lock up any information you don’t want on display while your house is being shown.

Secure Personal Items.

Before any buyers enter your home, be sure to remove any personal items that need to be secured. Be sure to lock up any weapons, medication, and valuables. Also, take along your medication, or lock up the medication that you don’t use often.  You want to make sure that no one has access to these items.

No Comments

July 2021 Housing Report

By MNR News posted 08-12-2021

New listings and closed sales fall

Demand continued to outpace the available housing supply in July as new listings declined -0.2% and closed sales fell -8.7% compared to 2020. As buyers chased scarce inventory with multiple offers, the median sales price rose +12.5% to $315,000, setting another historic high. The intense activity meant homes spent less time on the market, down to just 25 days—an unprecedented low. On average, sellers were receiving 102.7% of their asking price. The overall supply of homes for sale was down -29.7% to 11,854 and month’s supply sank -34.8% to 1.5 month’s worth of inventory on the market.

“Buyers were still out in full force, and many of them hoped to close on homes before the new school year. Unfortunately, the market could not meet their demand. Even though potential sellers were almost guaranteed to get their asking price, they were reluctant to list their homes because they didn’t want to become buyers in this hyper competitive environment,” said Chris Galler, CEO of Minnesota Realtors. “Although there’s no easy way out of this situation, part of the solution lies in local and state governments easing restrictions, and helping developers build higher density, more affordable housing throughout the state.”

July year-over-year summary:

  • Closed sales: -8.7% to 9,615
  • Median sales price: +12.5% to $315,00
  • Average sales price: +12.9% to $359,700
  • New listings: -0.2% to 11,499
  • Pending sales: -14.2% to 8,923
  • Days on the market: -43.2% to 25 days
  • Homes for sale: -29.7% to 11,854

 Closed Home Sales Across Minnesota by Region

As the housing supply remained low, eight of the state’s 13 regions reported declines in closed sales compared to July 2020. This included the seven-county Twin Cities region, which was down -3.2%. Closed sales were up in three regions, with double-digit growth in the Upper MN Valley, 36.8%, and Northwest, 20.0%. See the chart below for more details comparing closed home sales for July 2021 to July 2020.

July housing numbers

The seven-county Twin Cities region comprises Anoka, Carver, Dakota, Hennepin, Ramsey, Scott and Washington counties. The official Minneapolis-St. Paul-Bloomington metropolitan statistical area recognized by the Census Bureau consists of 16 counties, on which MAR & SPAAR local associations report.

No Comments

Home Warranty Pros and Cons


washing machine, laundry, clothes dryer, major appliance, laundry room, home appliance, washing, room, dry cleaning, architecture, arch, Free Images In PxHere

Should you include a home warranty with your new home? Home warranties have changed over the years, and there is not a one size fits all for all homeowners. It’s best to compare the pros and cons prior to purchasing one. Here are a few things to keep in mind when comparing home warranties:

Home warranties are designed to give the homeowner peace of mind in the event of something breaking down or damaged in your home. This is great option for those homeowners that are not not familiar with household repairs. A plus for home warranties is the flat cost for the repair. You are aware of the cost up front, rather than having sticker shock when an appliance breaks down. This could also be very handy in the event of buying a home with older appliances with limited life. This avoids having to purchase a new appliance, and just repairing the appliance you have.

One issue with home warranties are that an an item may not be covered for repair. You need to read the fine print as to what types of repairs are covered for certain appliances. Another issue is that the home warranty company controls who does the repairs, or that the repair personnel may have several other repairs before they can get your your item needing service.

When looking at home warranties, the bottom line is making sure you find the right plan for your home and your situation.