REAL ESTATE BLOG & NEWS
Below you will find real estate articles, news and more.
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...
Offering FHA Financing Brings More Buyers
FHA financing offers lower down payment and credit requirements, but not all homes qualify for this program. FHA requires the property to meet HUD’s minimum standards for health and safety in addition to determining the current market value is at or above the...
Seller May be Liable for Repairs After Closing
Occasionally I hear from buyers after they have closed on their home and moved in, that something isn’t working properly, and they want to know if the seller will pay to fix it. When I get these calls, I refer to the Seller’s Property Disclosure Statement and the...
Selling Your Loved One’s Home After They Pass
Losing a loved one is a difficult process and dealing with their estate can be overwhelming. I have helped many clients sell their parents home, and I have dealt with two of my own parent’s estates over the past year. With most of my clients there was no planning...
Selling Your Home Face to Face
Chisago County is home to many homeowners that don’t use a computer or email. Most, but not all, are senior citizens that want to downsize, many of which, have not bought or sold a home for decades. Most real estate agents, lenders, inspectors, & title companies...
Low Inventory Brings Higher Prices
May is one of the busiest months of the year in the real estate market, and once again, and the lack of inventory and buyer demand can increase selling prices at a pace faster than the appraisers can substantiate. Because buyer demand is so high, many sellers are...