What the New Commission Rules Mean for You

The way real estate commissions work had its biggest shake-up in decades in 2024. What used to be a nearly automatic 6% split between agents is now up for negotiation. That change impacts both buyers and sellers here in Minneapolis, and it comes with pros and cons. On the plus side, the process is more transparent and gives you more control. On the flip side, you'll want to have clear conversations up front so there are no surprises later.

  1. WHAT CHANGED
  2. IF YOU’RE BUYING: KNOW BEFORE YOU TOUR
  3. IF YOU’RE SELLING: MORE FLEXIBILITY, MORE STRATEGY
  4. THE FINANCIAL SIDE
  5. WHAT IT MEANS FOR YOU IN MINNEAPOLIS
  6. Key Takeaways
  7. FAQS ABOUT THE NEW REAL ESTATE…

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Taking on a Unique Challenge

Even in a slow downtown market, we sold a Sexton Lofts condo in Minneapolis in under two months. How? By quickly making it market-ready (fresh paint, minor repairs, professional staging) and reviving a deal when the buyer’s financing hit a snag. Here’s proof that with the right team and strategy, your condo can sell, no matter the complexities.

  1. FROM LISTING TO CLOSING: THE TIMELINE THAT GOT IT DONE
  2. FAST, DATA-DRIVEN PREP: GETTING THE CONDO MARKET-READY
  3. FINDING THE PERFECT BUYER IN A COMPETITIVE CONDO MARKET
  4. OVERCOMING FINANCING CHALLENGES WITH CREATIVE LENDING SOLUTIONS
  5. CLOSING THE DEAL SUCCESSFULLY DESPITE MARKET HURDLES
  6. KEY TAKEAWAYS FOR SELLING A DOWNTOWN MINNEAPOLIS…

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From Price Cuts to a Clean Plan That Sold

The sellers started with an agent who didn’t offer strong guidance on price or prep. After many months of no bites and 1-2 showing a month, they turned to DRG for a reset. A good home at River Station Condos in the North Loop was stuck in a bad plan. My job was to reset the strategy, meet the market where it was, and build real demand fast. 

  • Oct. 31, 2024: Listed at $440,000 with another agent.

  • Nov. 19, 2024: Dropped to $425,000.

  • Feb. 25, 2025: Relisted at $415,000.

  • Apr. 22, 2025: Dropped again to $400,000.

  • May 2025: One or two showings a month. No momentum.

  • May 14, 2025: Seller contacts DRG

  • May 30, 2025: We relaunch at $409,900.

  • Aug. 1,…

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Sell Your Downtown Minneapolis Condo Off-Market, On Your Terms

You love your downtown condo and aren’t actively looking to sell, but if someone came along and offered that magic number to make you consider moving,  would you take it? 

Many Minneapolis condo, and loft owners have a “make me move” price in the back of their minds. Maybe you’re an empty nester daydreaming about a warmer climate, or a young professional who might upgrade if the stars (and dollars) align. The good news is you don’t have to list your condo publicly or deal with showings to test the market. 

The Make Me Move Program, offered only twice a year, lets you sell off-market on your own terms. Our goal was to give Downtown Minneapolis condo owners an easy, no-pressure way to…

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Dear Tower Lofts Homeowner,

If you’re even thinking about selling your loft in the next 3 to 24 months, here are three critical things you must consider today to set yourself up for success:

1. Is your loft updated enough to attract top-dollar offers or sell quickly?
Buyers are comparing your unit to others in the building and neighborhood, many of which are freshly updated and move-in ready.

2. Do you have a proven game plan for today’s shifting market?
The North Loop market has become more challenging for sellers due to increased inventory and pickier buyers. National experts are weighing in on how new supply is reshaping pricing dynamics— this article from The Wall Street Journal explains 

3. Are you partnered with the right expert to…

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Dear Itasca Homeowner,

If you’re even thinking about selling your condo in the next 6 to 24 months, here are three critical things you must consider today to set yourself up for success:

1. Is your condo updated enough to attract top-dollar offers or sell quickly?
Buyers are comparing your unit to others in the building and neighborhood, many of which are freshly updated and move-in ready.
(Example: Unit #521 listed at $469,900. Meanwhile, a nearby 1BR recently sold for $307,210.)

2. Do you have a proven game plan for today’s shifting market?
The North Loop market has become more challenging for sellers due to increased inventory and pickier buyers. National experts are weighing in on how new supply is reshaping pricing dynamics— this article…

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Why We Show Up for the North Loop — Every Earth Day
By Joe Grunnet, Founder of DRG

For the past 15+ years, I've called the North Loop not just the home of my business, but a place that's given me so much more — community, connection, and a sense of purpose.

Every Earth Day, we pause. We step outside the hustle of real estate, put down the phones, and give back to this neighborhood that’s helped shape who we are, both as individuals and as a company. It’s become a tradition at DRG to roll our sleeves and participate in the North Loop Clean-Up Day. It’s not just about picking up trash — it’s about showing up, year after year, for something bigger than ourselves.

And I never show up alone. Many of our staff and Realtos, my wife and kids, have…

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DRG has partnered with THE best moving company in the Twin Cities!  From beginning to end, AAA Movers ensures that your move will be the least of your worries. Our movers are guaranteed pros and are full-time employees. You can rest easy knowing that your items will be protected by the best during your move.

We strive to earn your satisfaction with our services by making sure the job gets done right the first time. The AAA Movers team is here to assist with any issue that may arise before, during and after the move! AAA Movers will always take compassion in our careers; we are a brand that makes our customers and our community the priority. It is important that we make your last day in your old home as pleasant as your first in the new one.

Mention…

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The Minneapolis residential real estate market in 2023 is shifting towards a buyer's market, with an increasing number of unsold homes. Factors such as rising interest rates, global changes (e.g., war, inflation, employment uncertainty), and longer listing durations contribute to this trend. In a buyer's market, there is an excess of inventory, typically over six months' worth based on closed sales. In contrast, a seller's market has less than three months' worth of inventory, while a neutral or balanced market ranges from three to six months.

Here are the top ten reasons why homes fail to sell and how to address them for a successful sale:

1) Improve Photo Order:  To captivate potential buyers in today's era of decreasing attention spans, it is of…

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Welcome to our weekly market update for the Minneapolis residential real estate market. In this edition, we'll provide you with the latest statistics, trends, and insights into the market. Whether you're a buyer, seller, or simply curious about the real estate scene in Minneapolis, this update will help you stay informed and make informed decisions. Let's dive into the numbers and explore the hottest neighborhoods and tips from a DRG Realtor Expert.

Market Statistics: New listings in Minneapolis have decreased by 23% compared to last year, indicating a tightening supply in the market. Closed sales have also declined by 25%, suggesting a slowdown in buyer activity. However, the average sale price has increased by 2.2%, indicating a rise in property…

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