The #1 Reason To Sell Your House Today


Almost every industry is currently struggling with supply chain disruptions. This also applies to the current U.S. housing market, where buyer demand far exceeds housing supply.

Purchaser demand is very strong right now. The National Association of Realtors (NAR) just released their latest Existing Home Sales Report which reveals that sales surged in January. Existing home sales rose to a seasonally adjusted annual rate of 6.5 million – an increase of 6.7% from the prior month, with sales up in all regions. However, there’s one big challenge.



INVENTORY IS AT AN ALL-TIME LOW

Because purchaser demand is so high, the market is running out of available homes for sale. The above-mentioned report states…

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4 Simple Graphs Showing Why This Is Not a Housing Bubble

A recent survey revealed that many consumers believe there’s a housing bubble beginning to form. That feeling is understandable, as year-over-year home price appreciation is still in the double digits. However, this market is very different than it was during the housing crash 15 years ago. Here are four key reasons why today is nothing like the last time.

1. Houses Are Not Unaffordable Like They Were During the Housing Boom

The affordability formula has three components: the price of the home, wages earned by the purchaser, and the mortgage rate available at the time. Conventional lending standards say a purchaser should not spend more than 28% of their gross income on their mortgage…

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An eight-unit apartment on the corner of 27th and Garfield—very close to our four-unit and six-unit apartments.

The property may not be much to look at right now—our debt partner even said the property looked like a shoe box—but in just a few months, this property is going to be TOTALLY transformed!

Emily and I take great pride and care in the finish level for our renovated apartments, and the building’s exterior and common spaces are no exception. Offering a well-marketed, managed and maintained building are a few of our value propositions to prospective residents. Stay tuned over the coming months to see this building take on a whole new identity!

This purchase will bring our unit count to 20 units in less than two years since getting started.…

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Consumers Agree: It’s a Good Time To Sell

In today’s sellers’ market, many homeowners are weighing their options and trying to decide if they should sell their house. If you’re in that group, you may be balancing things like the ongoing health crisis, rising mortgage rates, and your own changing needs to determine your best time to make a move.

However, recent data shows that time may already be here. According to the latest Home Purchase Sentiment Index (HPSI) by Fannie Mae, 76% of consumers believe now is a good time to sell.

Looking back over the past few years, its clear consumers are incredibly optimistic today. The graph below shows the percent of survey respondents who say it’s a good time to sell a house, and their positive outlook is…

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I was having a conversation with another realtor the other day, and they said something that truly haunted me.

It made my skin crawl…

I started to feel a bead of cold sweat running down my temple…

And I had the distinct urge to throw my hands up to the sky and curse the gods!

What was the topic of conversation, you ask?

TAXES!

This 1099 employee of a real estate brokerage was going to have to pay $75,000 in taxes from commission garnered in 2021! That is INSANE!

As a licensed realtor, and a 1099 employee of our brokerages, we’re required to personally save a chunk of each commission check and then when tax season comes around the corner, depending on which tax bracket we fall into, we’ll have to pay a portion of these checks to…

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Are you a die-hard fan of Minnesota winters? Or maybe the only thing that’s getting you through the winter is counting the days until spring. Most of us are somewhere in the middle—appreciating the beauty of the season but still needing a boost as we face each new day that seems longer, colder and snowier than the last.

Thankfully, Minneapolis is not a city that slows down when the temperature drops. So, pull on your boots, pull down your hat, and get out there to embrace—and conquer—the last weeks of winter.

The Great Northern Festival
Jan. 27 - Feb. 6
The Great Northern celebrates our cold, creative winters with 10 days of diverse programming that invigorates the mind and body, including public art, musical performances, lectures, workshops, and…

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The 12 Days of Shopping Local

Hats off to the delightfully creative local businesses that choose to call Minneapolis home. And what better time to support our wonderful retail community than the biggest shopping season of the year. Explore these stores and make it a resolution to shop local as much as possible all year long.

I Like You
1955 Johnson St. N.E.
I Like You is a gift shop that gives space to more than 300 artists selling unique cards, jewelry and gifts.

Les Sol
4353 S. Upton Ave. #104
Les Sol is an eclectic Linden Hills boutique offering small, indie brands and locally designed jewelry, women’s clothing and gifts.

D.NOLO
219 N. 2nd St.
This one-stop shopping destination houses three cutting-edge fashion and home décor…

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HOW DO I GET MY Minnesota REAL ESTATE LICENSE?

 

If you’re interested in starting a career in the exciting world of real estate, you’re at least 18 years old and a legal U.S. resident, you can follow these six steps to get your Minnesota real estate license.

Step 1: Register for Course I

There are three 30-hour courses (Course I, II, III) that need to be completed, but only Course I needs to be completed before the exam. Kaplan Real Estate Education offers multiple education options that fulfill the 90-hour requirement.

Go to www.kapre.com/real-estate-courses/minnesota/licensing/salesperson.

Step 2: Pre-Register for Your Real Estate License Exam

There are two ways to register:

· Online registration: Go…

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Win When You Sell (And When You Move)

If you’re trying to decide when to sell your house, there may not be a better time than this winter. Selling this season means you can take advantage of today’s strong sellers’ market when you make a move.

Win When You Sell

Right now, conditions are very favorable for current homeowners looking for a change. If you sell now, here’s what you can expect:

  • Your House Will Stand Out – While recent data shows there are more sellers getting ready to list their homes this winter, there are still more buyers in the market than there are homes for sale. If you sell your house now before more houses are listed, it will get more attention from serious buyers who are eager to find a home.
  • Your House Will…

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Don’t Believe Everything You Read: The Truth Many Headlines Overlook

There are a lot of questions right now regarding the real estate market as we head into 2022. The forbearance program is coming to an end and mortgage rates are beginning to rise.

With all of this uncertainty, anyone with a megaphone – from the mainstream media to a lone blogger – has realized that bad news sells. Unfortunately, we’ll continue to see a rash of troublesome headlines over the next few months. To make sure you aren’t paralyzed by a headline, turn to reliable resources for a look at what to expect from the housing market next year.

There are already alarmist headlines starting to appear. Here are two recent topics you may have seen in the news.

1.…

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