REAL ESTATE BLOG & NEWS
Below you will find real estate articles, news and more.
Multiple Offers Are Common Again
The real estate market is moving at a rapid pace and once again, multiple offers are a common occurrence on new listings that are priced at or below market value. Sellers love them, and buyers hate them. Over the weekend, I showed a house the first day on the market...
Chisago County Real Estate Market Recovers From COVID-19
According to the Multiple Listing Service, the number of residential listings that went under contract, in Chisago County, for May was up 20% compared to May 2019. There was pent up demand after a 6 week decline in sales due to COVID-19. Even though the stay at home...
Improving Your Credit Score Increases Buying Power
To get the best interest rate for your home loan and qualify for conventional financing, you need to have a high credit score. Credit scores range from 300 for bad credit to 850 for the best credit. Good credit scores are classified as 680 and higher. There are...
Despite Corona, 40% of New Listings in May 2020 Sold Fast!
Inventory is still low and anxious buyers are waiting for new listing to hit the market. According to the Multiple Listing Service, new listings were down 25%, for the first two weeks in May, in Chisago County, compared to the same time period last year, but the...
Should You Make an Offer Contingent on the Sale of Your Home?
Many buyers want to purchase a new home, but they have an existing home to sell first. They are apprehensive about selling their home until they know they have a place to move to. They often want to make their new purchase contingent on the sale of their existing...
Home Prices in the County Vary by School District
Students, teachers, and parents are excited about the new school year starting. Most parents carefully select their child’s schools by rating, curriculum, sports, location, etc. Home prices can also play into the school selection decision. The Chisago Lakes Area...
Many Sellers Are Dropping Prices
July is the beginning of the yearly slow in residential real estate sales, which means inventory increases and the buyer pool decreases. According to the Multiple Listing Service (MLS), there are 282 Active Listings, in Chisago County, and 105 of those show price...
Offer Contingent on the Sale of Buyer’s Home May Bring a Higher Price
Buyers and sellers differ on their view of offers that are contingent on the sale of the buyer’s home. According to the Multiple Listing Service, in Chisago County there are only 11 out of 290 Active listings that are sold contingent on the sale of the buyer’s home....
New Construction vs Pre-owned Homes
According to the Multiple Listing Service there have been 60 new construction, single family sales so far, this year, in Chisago County. The average price of the single family, new construction sales this year is $294,000 with an average price per square foot of...
Lake Homes Are Selling Fast
Chisago County waterfront homes are bringing in buyers from around the country. We have buyers coming up from Florida, Arizona, and other states to find a summer home close to their snow-bird friends that go south for the winter. With the better economy and low...