Your Friend In the Real Estate Business   Family Friendly Maple Syruping As the daytime weather warms above 32 degrees, it is prime time for tapping maple trees and making syrup, or at least have some fun with kids and learn all about it. Through the month of March, there are a number of ffamily friendly Maple Syruping related events and programs in the western suburbs.  Richardson Nature Center (West Bloomington)Gale Woods Farm (Minnetrista) Wood Lake Nature Center (Richfield)Eden Prairie Nature Center (Staring Lake)Lake Minnetonka Regional Park (Mound)The Landing (Shakopee)Lowry Nature Center (Victoria)Baker Park Preserve (Maple Plain)ONE LAST MAPLE SYRUP EVENT!: The Arboretum in Chanhassen also has their very popular MapleFest experience & pancake breakfast coming up March 26 - more... 03/02/2023

There are a number of methods to measure the health and strength of the real estate market. A statistic that reflects on both supply and demand for homes that is an excellent summary of both of them in most area's is called the absorption rate or the saturation rate.As an example, below is chart from the Multiple Listing Service (pulled 3-1-23) This particular graph reflects the top 25% of price bracket homes ($575K+) in the SW Metro (All real estate is local!) and their corresponding saturation rates. As you can see, we are effectively looking at a mirror image of where we were a year ago. Limited supply, with consistent buyer demand. In simple terms, it is the length of time in any given market how long it would take for ALL the homes on the market to be SOLD to the buyers that are bu... 03/02/2023

  GIVE THIS FRESH SNOW THE ATTENTION IT DESERVES! WINTER PLAY DAY has FREE EQUIPMENT RENTALS at Three Rivers Parks THIS Saturday, February 25 10:00am-3:00pmOne highlight to the PLAY DAY is Hyland Hills Ski area and Park in West Bloomington is having a ALL AGES FESTIVAL from 1:00pm-4:30pm with live music and much more!Details HERE on the FESTIVAL atHyland Lake Park in West BloomingtonNOTE: At Hyland, there will be a lantern-lit cross-country ski trailsto just enjoy(take cool family pictures) or ski from 4:30-7:30 p.m.Free rentals on cross-country skis, snowshoes and sledsFree activity passes for dog off-leash areas, cross-country ski trails and archery areasCheaper rates on tubing and downhill skiing and snowboarding at Elm Creek Free kicksled demos and campfires with S'mores at locatio... 02/23/2023

Minneapolis, MN: With the economy showing signs of recovery, employment patterns remaining strong and wages generally increasing...The average consumer's home buying budget has increased. Those factors, in combination with the fact that median home list prices have declined as of late, means that down payment requirements and monthly mortgage costs have lessened leading to—you guessed it—an increase in applications for home purchases.Mortgage rates continue to fluctuate; if you're planning to buy in 2023, start preparing now and be ready to lock in a rate when the timing is right!When Does Spring Market Begin?Seasonality plays a big role in the housing market, especially here in MinnesotaWith the busiest real estate months tending to fall within quarters two and three, starting as early... 02/16/2023

Guaranteed cash offer vs 72SOLDYou are seeing billboards all around offering a cash offer for your home. Previous post on cash buyers. You simply need to ask yourself, are they working for your best interest or theirs? From the graphic at the top of this post, cash buyers (sometimes referred to as ibuyers) are paying around 86% of the market value for your home. That equates to 14% commission even though they claim they charge no fees. Some cash buyers run closer to 70% market value. So, how does 72SOLD differ? 72SOLD has a sophisticated 10 step program proven by independent studies as shown in the graphic below.So let's say your home is worth $400,000. The cash buyers will give you $344000 on average. With 72SOLD, even after commission, you would make more than $400000. Ok, but a cash ... 02/09/2023

Are Mortgage Rates Just Back to Normal?According to a recent survey, a full 61% of Americans think that mortgage interest rates rates are "unprecedented."The thing is, mortgage rates aren’t actually the highest they’ve ever been; not even close, and it isn't too far a look back to see when they were similar or higher.The reality is, homebuyers have been enjoying abnormally low mortgage rates since right after the real estate crash, and especially the COVID driven low rates the past few years.We all get it, it stinks, but this graph will shed some light on how those low rates were on the historical chart, and now they’re not just back to "normal"—perhaps even still below normal?---Ready to find a home in today's market?  Our mortgage experts here at Cambria Mortgage, the Joe Metzler team... 02/06/2023

Market Reports: Champlin Real Estate Update February 2023Courtesy of Heidi Herda ~ 612.807.4858 -eXp RealtyChamplin Market update37 Homes are currently listed for sale - 5 of them are "Coming Soon":11460 Elmwood Ave N - Champlin11338 Florida Ave N - Champlin11308 Xenia Ave N - Champlin11011 Wisconsin Ave N - Champlin8005 113th Ave N - Champlin6 of them are contingent on inspection. The average price of our Champlin's newest listings is $$511,923 (which includes new construction), 49.9 days averaging for market time - down from 62 days from last month. Despite rate changes, it's already looking like we're going to have another profitable Spring market!Without the new construction, with 19 homes for sale - 7 are already sold on a contingency compared to just 2 from last month -  our aver... 02/04/2023

Real Estate Supply and Demand.Minneapolis, MN: The current inventory of homes for sale remains at low levels, yet with higher interest rates and economic uncertainty, demand and price growth has slowed, but has not stopped. BASIC MARKET FORCES AT WORKBuyers previously stuck in bidding wars over asking price and sometimes against dozens of competing offers now suddenly find themselves in a more historically normal atmosphere.Sellers may now again be more inclined to negotiate and allow for traditional buyer protections, like home inspections, and common items like seller paid closing costs, and common contingencies, like you have to sell your existing home.Great news for first time home buyers, is that lower down payment loans, and even buyers needing down payment assistance have a great... 02/03/2023

See your credit risk based on your credit scoreMinneapolis, MN: We all have credit scores, but do you know what your credit score tells creditors? It tells us your credit risk, and likelihood of the money not being paid back. Of course a high credit score is no guarantee of being paid back, just like a bad credit low scores are not a guarantee of default, but creditors have plenty of historical data to give us an idea.Most lending is based off  what is know as 'risk based pricing', which simply means the lower your credit score, the higher risk of default, and the higher interest rate you pay for that risk.Lenders Odds For Mortgage Late Payment Risk Press Control-D to Bookmark This Page   More Than Just A Credit Score Other factors can come into play to help a lender mitigate risk. Amor... 01/27/2023

Minneapolis, MN. Real estate is ever changing.  Here are some things home buyers need to know as we enter the spring 2023 buying season.--- Cambria Mortgage, the Joe Metzler Team lends in MN, WI, IA, ND, SD. APPLY ONLINE Equal Housing Lender. NMLS 274132, 322798.  lends in the following states: MN, WI, SD, ND, IA, This is not an offer to lend or to extend credit, nor is this a guaranty of loan approval or commitment to lend. The information here may not be up-to-date and may no longer be accurate. Products and interest rates are subject to change at any time due to changing market conditions. Actual rates available to you may vary based upon a number of factors. Consumers must independently verify the accuracy and currency of available mortgage programs. All loan approvals are subject t... 01/23/2023

It is 2023, and we are sledding downhill just as fast as gravity will let us!There is and will continue to be so much to cloud the mind as we look into the coming year for the real estate market. One thing to for sure mention is that national financial reports may be true, but rarely reflect what is happening in Minnesota. The 2023 predictions for the Twin Cities real estate market are far more positive than a number of metro area's around the US. So, my suggestion is to watch a little less "Bad News" TV, and explore the actual real, relevant, and local data before you make buying or selling decisions.From the greater financial world, their opinions of the MSP market are overall stable-ish at the worst. The most pessimistic (backed up with data) forecasting was from "data guru" Marco Sa... 01/11/2023

 There is and will continue to be so much to cloud the mind as we look into the coming year for the real estate market. One thing to for sure mention is that national financial reports are rarely accurate and reflect what is happening in Minnesota. The 2023 predictions for the Twin Cities real estate market are far more positive than a number of metro area's around the US. So, my suggestion is to watch a little less "Bad News" TV, and explore the actual real, relevant, and local data before you make buying or selling decisions.From the greater financial world, their opinions of the MSP market are overall stable-ish at the worst. The most pessimistic (backed up with data) forecasting was from "data guru" Marco Santarelli with Norada Real Estate. He does forecasting for investment bankers... 01/11/2023

It is 2023, and we are sledding downhill just as fast as gravity will let us!There is and will continue to be so much to cloud the mind as we look into the coming year for the real estate market. One thing to for sure mention is that national financial reports are rarely accurate and reflect what is happening in Minnesota. The 2023 predictions for the Twin Cities real estate market are far more positive than a number of metro area's around the US. So, my suggestion is to watch a little less "Bad News" TV, and explore the actual real, relevant, and local data before you make buying or selling decisions.From the greater financial world, their opinions of the MSP market are overall stable-ish at the worst. The most pessimistic (backed up with data) forecasting was from "data guru" Marco Sa... 01/11/2023

It is 2023, and we are sledding downhill just as fast as gravity will let us!There is and will continue to be so much to cloud the mind as we look into the coming year for the real estate market. One thing to for sure mention is that national financial reports are rarely accurate and reflect what is happening in Minnesota. The 2023 predictions for the Twin Cities real estate market are far more positive than a number of metro area's around the US. So, my suggestion is to watch a little less "Bad News" TV, and explore the actual real, relevant, and local data before you make buying or selling decisions.From the greater financial world, their opinions of the MSP market are overall stable-ish at the worst. The most pessimistic (backed up with data) forecasting was from "data guru" Marco Sa... 01/11/2023

It is 2023, and we are sledding downhill just as fast as gravity will let us!There is and will continue to be so much to cloud the mind as we look into the coming year for the real estate market. One thing to for sure mention is that national financial reports are rarely accurate and reflect what is happening in Minnesota. The 2023 predictions for the Twin Cities real estate market are far more positive than a number of metro area's around the US. So, my suggestion is to watch a little less "Bad News" TV, and explore the actual real, relevant, and local data before you make buying or selling decisions.From the greater financial world, their opinions of the MSP market are overall stable-ish at the worst. The most pessimistic (backed up with data) forecasting was from "data guru" Marco Sa... 01/11/2023

Checkout the 2023 Lake Home Properties on my website:  www.ReloFargo.com 2023 Lake Home Sales will be down from last year as interest rates continue to hold steady through the winter.  Prices will remain steady and hold throughout the spring and summer.  Fall will be an opportunity to purchase lake property at a good value than the spring.Contact me for more information on MN Lake Properties and MN Lake Homes for sale.  Currently working in the Detroit Lakes and surrounding area market. Dave 218-790-7653 Dave@ReloFargo.com Werth Realty   01/02/2023

Why join the SOLD by Friday team?Join the SOLD by Friday team with Keller Williams Classic RealtyReal estate market data in Andover MN by Joel Friday of Keller Williams Classic RealtyOur mission is to help create a legacy for you and your family by building wealth through real estate - Dave Ramsey trusted agents/Leads- 72 SOLD TV advertising- Over 7,000 contacts in our database- We represent Brookside Construction with ample open-house opportunities- Transaction Coordinator- Marketing Coordinator- Yard sign with your name on it- Business Cards- Headshots- Creative financing options for buyers- client events- volunteer as a teamCall Joel Friday today to schedule an interview at 612-868-6287Utilize our 4 free mobile apps to improve your home search in the Twin City area1. Check out my GPS... 12/19/2022

Christmas Light Tours are a wonderful FREE way for families to come together and build memories. There are over 100 families homes and business's that are listed and mapped in the Eden Prairie, Chanhassen, Bloomington area!  Click here for the maps and more info!  12/16/2022

Christmas Light Tours are a wonderful FREE way for families to come together and build memories. There are over 100 families homes and business's that are listed and mapped in the Eden Prairie, Chanhassen, Bloomington area!  Click here for the maps and more info!  12/16/2022

Think Home Loan Approval is Impossible?Minneapolis, MN: Do you believe getting a home loan is impossible? Maybe when pigs fly?Have you been waiting while saving for a down payment, only to see mortgage interest rates and home prices rise faster than you can save?Challenges can exist for a lot of home buyers, especially first time home buyers, yet we've been able to turn impossible to possible for many people, and will be happy to try the same for YOU. In fact, you may already be ready, and just not realize it!All it takes is a phone call to your local mortgage broker and a simple application to find out.  Reach out today to see what might be possible for you.We would love to help you become a homeowner. Cambria Mortgage, NMLS 274132, is an Equal Housing Lender serving MN, WI, IA, ND, SD... 12/14/2022