Wednesday, March 14, 2018 / by Brian Ness
Schools can have a big impact on property value and quality of life. If you're buying a home, here are a few reasons local school ratings matter – even if you don't have kids.
1.The next buyer will consider school ratings, too
According to a recent National Association of REALTORS Profile of Home Buyers and Sellers, 25 percent of homebuyers listed school quality and 20 percent listed proximity to schools as deciding factors in their home purchase. Another survey conducted by Realtor.com showed that 91 percent of the people surveyed included school district boundaries in their decision-making process. You may be surprised to learn that not all of the shoppers involved in the studies had ki ...
Thursday, March 30, 2017 / by Clark Jones
Recently, I have been contacted by buyers who are interested in purchasing a home in Stewartville. They absolutely love the town, the sense of community, the local schools, the proximity to Rochester, proximity to the Mayo Clinic. outdoor opportunities,proximity to local shopiping and malls, etc. However when helping them search for homes, they have become increasingly frustrated with the lack of inventory there. This is true for the majority of the market in Southeast Minnesota but in Stewartville in particular.
So with this curiosity at my finger tips, I took the liberty to explore some statistics from our local MLS to learn more. To my surprise, I found the average days on the market there to have decreased 53% from this time a year ago. In addition, the average sales price has risen 115% in one year. What does this mean? It means people who live in Stewartville are reluctant to leave because of their love for the town. It al ...
Wednesday, March 15, 2017 / by Brian Ness
Interested in learning your home value? Use our home evaluation tool!
The key question most home sellers ask at the beginning of the home selling process is simple. How much is my home worth? Determining that value takes a comparison technique that matches up your home with others in your immediate area that have recently sold with similar amenities. Any real estate agent will first develop a market analysis for your home to provide that price and the evidence behind it. That evidence is not just to satisfy you, the seller, that a particular price is correct, but also to prove later in the process that the price was reached in a justifiable way and no one is over- or under-paying for a particular piece of real estate. However, if you are interested in selling your home, but need to know a potential selling point for making that decision, the power to do so is at your fingertips.With the increasing use of the internet to track home sales, you no longer need to wait for a real es ...
Thursday, March 2, 2017 / by Brian Ness
Is it finally time to sell your house?
That's the question on homeowners' minds as house prices just posted their largest annual gain since 2005 -- congrats to those no longer "underwater" on their mortgages -- even as interest rates remain tantalizingly low. But here's the catch: Those same higher prices can make buyers as choosy as a Michelin restaurant reviewer.
"A house with a $1,600 mortgage payment last year now has a $2,000 mortgage payment," one broker told the Wall Street Journal. "Buyers are saying, 'I better like it.'"
To increase your home's "like" quotient, read on to see which upgrades are worth making and which aren't.
Worth It: A new front door. Strictly in terms of return on investment, a steel one topped the list of Remodeling magazine's annual Cost vs. Value Report for 2014 -- recouping 96.6 percent of the average price. But a fresh coat of paint can work wonders, too.
Not Worth It: A home-office remodel. We know what you're thinking: With so many more people ...