Saturday, May 12, 2018

Tips for First Time Home Buyers in a HOT Market: Get a Home Inspection

A headline in a April 2018 St Paul Pioneer Press article reads, "White Bear Lake Man Believes Old Batteries Robbed him of Health and Home". The foundation of his 1939 built lake home and surrounding retaining walls around the property were constructed using emptied out battery casings filled with concrete. 

White Bear is  a community where I have sold many homes, and this situation is highly toxic. While this issue was not apparent to him when he purchased decades ago, it was to a local home inspector who actually mentioned the very home in another article about why get a home inspection. 

This is not only a very sad story and unbelievable situation, this is a reminder of why buying  a FSBO (For Sale By Owner) can be costly. The form for a home disclosure in Minnesota wasn't as comprehensive as it is today. A homeowner could get an inspection but not all buyers did. Which is happening again today.

Because of the low housing inventory and extremely high demand for existing single family homes buyers, who are often desperate for their opportunity to own a house, take short cuts. This is not a wise decision. As an professional REALTOR®, it is my job to make certain my home buyers have contingencies in place for the opportunity to have one (or more) professional inspectors comprehensively view the home before moving forward on with their purchase. 

Inspectors cannot see everything but do guide home buyers on where to look further if necessary. In the White Bear home the basement was unfinished and the battery casings complete visible when this family purchased. While this is a very unusual circumstance, home inspectors do uncover many issues that help home buyers make good informed decisions

I always encourage a thorough top to bottom home inspection to my home buyers. Buying a home is one time where cutting corners does not make sense--even in a hot seller's market!



READY to Make YOUR Move? It IS essential to have a knowledgeable agent at your side. If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give me, Teri Eckholm of BOARDMAN Realty, a call at 651-336-7073 or visit my website for a FREE Home Buyer Success Guide or FREE Home Value Report. I specialize in acreage and lakeshore properties in the north and east Twin Cities metro area including Ham Lake, Lino Lakes and all communities in the Forest Lake School District! Serving Anoka, Chisago, Ramsey and Washington Counties in Minnesota.
 
Copyright 2018 terieckholm.com

Thursday, March 15, 2018

Andover MN | Video Update on 2018 Housing Market

Here's a quick video update on real estate sales statistics in Andover Minnesota for the year ending 2017; and what might be expected in this Anoka County housing market as we head into the Spring 2018.




If you have additional questions on selling or buying a home in Andover, Minnesota, please call or message me directly. I am always happy to answer questions on real estate and the housing market.

Check out this recent review received from a past client:  
"I enjoyed working with Teri. She is both professional and easy to work with. Her knowledge about home sales and purchases is great. If you are looking for a REALTOR with innovative ideas and someone to support you through a somewhat stressful time, then choose Teri." --Des T.


Need more information on the Anoka County housing and real estate market?  Message Me on Facebook

SEARCH for Andover Minnesota homes

What is my Andover Minnesota Home Worth?


READY to Make YOUR Move? It IS essential to have a knowledgeable agent at your side. If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give me, Teri Eckholm of BOARDMAN Realty, a call at 651-336-7073 or visit my website for a FREE Home Buyer Success Guide or FREE Home Value Report. I specialize in acreage and lakeshore properties in the north and east Twin Cities metro area including Ham Lake, Lino Lakes and all communities in the Forest Lake School District! Serving Anoka, Chisago, Ramsey and Washington Counties in Minnesota.
 
Copyright 2018 terieckholm.com

Shoreview MN | 2018 Housing Market Update Snapshot of Home Sales Statistics




In the centrally located Ramsey County community of Shoreview, MN new listings were down just slightly in 2017. This comes as no surprise because housing inventory is sparse across the greater Minneapolis/St Paul metro. New listings were down just 1.7% from the previous year. This likewise, caused a drop in closed sales (down by roughly 2.4% compared to 2016). This lack of housing inventory drove prices up significantly. The average sales priced skyrocketed to $281,106 up nearly 13%. The average price per square foot rose considerably too. Shoreview homes sold at an average $141 per square foot in 2017. It doesn’t take long for the sold signs to be posted in Shoreview either. A home stays on the market for an average of 45 days. This is down over 16% from the previous year. And home sellers are getting their list price too. Homes sold at 98.6% of asking price. 

As we edge closer to the 2018 spring market, it doesn’t appear the demand for Shoreview homes will slow or that inventory will rise. With the low number of Shoreview homes for sale and strong buyer demand, it is a seller’s market in Shoreview. This is where the seller has the negotiating advantage and it is a great time to consider selling a home. If you are looking to buy in Shoreview this spring, be prepared to look and possibly write an offers as soon as the perfect home comes on the market. But be ready with a strategy to make your offer very appealing. There will no doubt be multiple offers on affordable homes this spring. 


Need more information on the Shoreview housing and real estate market?  Message Me on Facebook

SEARCH for Shoreview Homes

What is my Shoreview Home Worth?



READY to Make YOUR Move? It IS essential to have a knowledgeable agent at your side. If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give me, Teri Eckholm of BOARDMAN Realty, a call at 651-336-7073 or visit my website for a FREE Home Buyer Success Guide or FREE Home Value Report. I specialize in acreage and lakeshore properties in the north and east Twin Cities metro area including Ham Lake, Lino Lakes and all communities in the Forest Lake School District! Serving Anoka, Chisago, Ramsey and Washington Counties in Minnesota.
 
Copyright 2018 terieckholm.com

Friday, March 2, 2018

Video Tips to Make the Dream of Living on Minnesota Acreage a Reality

 

Change is not easy. But if moving from the city to a rural setting is your dream, it can become a reality.


The idea of moving from a city or suburb to a more rural, acreage setting is a dream of many Minneapolis/St. Paul homeowners. Beautiful homes with sprawling landscapes of are available throughout Anoka, Washington and Chisago Counties. But acting on the dream can be intimidating. There  are so many changes to consider. Fortunately, with good information and the right assistance, the process can be manageable. 

Before becoming a REALTOR®  my family transitioned from a corner lot house in North St. Paul to an acreage property in Anoka County just west of Forest Lake. It was quite a transition at the time. We had to learn about private sewer systems, well water and lack of internet access the hard way. We just didn't know enough to ask the right questions. I have shared my list of tips in the past but have started a video series with similar information. Today is the first video which quickly explains what a Septic Systems is and why compliance testing is important when buying Minnesota acreage.


Video Tips to Make the Dream of Living on Minnesota Acreage a Reality


Did you enjoy the video but to see more tips or have a specific question? Send me a message or call me and I would be happy to help!


READY to Make YOUR Move? It IS essential to have a knowledgeable agent at your side. If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give me, Teri Eckholm of BOARDMAN Realty, a call at 651-336-7073 or visit my website for a FREE Home Buyer Success Guide or FREE Home Value Report. I specialize in acreage and lakeshore properties in the north and east Twin Cities metro area including Ham Lake, Lino Lakes and all communities in the Forest Lake School District! Serving Anoka, Chisago, Ramsey and Washington Counties in Minnesota.
 
Copyright 2018 terieckholm.com

Sunday, February 25, 2018

Lino Lakes MN | Video Update on the 2018 Housing Market


Here's a quick video update on real estate sales statistics in Lino Lakes, Minnesota for the year ending 2017 along with a few ideas of what might be expected in the 2018 spring housing market.



After viewing, if you have additional questions on buying or selling a home in Lino Lakes, Minnesota (or surrounding communities) please feel free to call or message me.

  Check out this recent review received from a past client:   
"After living in our home for nearly 18 years, we were out of touch with the details involved in preparing, marketing and selling a home. When we decided it was time to move south for retirement, we called upon Teri and her local expertise to help us get everything in order and make the house and property ready for sale. She was able to educate us as to what we needed to do ahead of time, getting the septic certification, various inspections, capping an unknown old well she helped discover in existing records, determining proper competitive pricing, listing the property and then the terrific representation and pictures including stunning aerial images of the property. Once the right family was interested, she helped us through the negotiations and remote closing. She was there for us at every step of the way. Honestly we couldn't have done this without her expert, professional help. " --Steve and Karen H.


Need more information on the Lino Lakes housing and real estate market?  Message Me on Facebook

SEARCH for Lino Lakes Minnesota homes

What is my Lino Lakes Home Worth?



READY to Make YOUR Move? It IS essential to have a knowledgeable agent at your side. If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give me, Teri Eckholm of BOARDMAN Realty, a call at 651-336-7073 or visit my website for a FREE Home Buyer Success Guide or FREE Home Value Report. I specialize in acreage and lakeshore properties in the north and east Twin Cities metro area including Ham Lake, Lino Lakes and all communities in the Forest Lake School District! Serving Anoka, Chisago, Ramsey and Washington Counties in Minnesota.
 
Copyright 2018 terieckholm.com

Wednesday, February 21, 2018

Andover MN | 2018 Housing Market Update Snapshot of Home Sales Statistics




The Andover, Minnesota real estate market is quite strong as we start of 2018.  Closed sales were almost equal in 2017 compared to the previous year in spite of a significant drop in new properties listed. This continued lack of inventory across the Twin Cities metro keeps the home sellers in the driver’s seat of the housing market. There is an abundance of new home construction and developments popping up all over Andover. Many of these are high end executive homes on acreage but there are also some mid-range communities that are available for move up buyers to consider. With all this new construction, it is no surprise that the percent received of original listing price is up too. New homes always cost a bit more per square foot than existing homes. In 2017, the average sales price of a home in Andover MN rose again from just over $280K to nearly $307K! This is a nearly 10% increase in average sales price. Likewise the average price per square foot in Andover rose from $123/sq ft in 2016 to an average of $132/sq ft in 2017. Interestingly, the amount of days on the market ticked up last year. This is to be expected since many builders list their model home but do not sell this property for several months as buyers choose to design their own floor plan, lot and finishings. It took an average of 61 days to sell an Andover home in 2017 which is still just 2 months. This is significantly less time than just a few years ago.

With inventory low and demand high, sellers will find 2018 a good year to list their Andover homes. Existing home inventory levels are low for homes in this growing Anoka County community. It appears to be a seller’s market, where sellers have the negotiating advantage. Home buyers are actively out in full force searching for their dream homes right now in Andover. Home owners considering selling in 2018 and hoping to get the most leverage from the low housing inventory should consider listing their homes now. Once the spring market really cranks up and builders get the new models ready for the Spring Parade of Homes, there will be additional competition which could turn balance the Andover housing market again.


Need more information on the Andover housing and real estate market?  Message Me on Facebook

SEARCH for Andover Homes

What is my Andover Home Worth?



READY to Make YOUR Move? It IS essential to have a knowledgeable agent at your side. If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give me, Teri Eckholm of BOARDMAN Realty, a call at 651-336-7073 or visit my website for a FREE Home Buyer Success Guide or FREE Home Value Report. I specialize in acreage and lakeshore properties in the north and east Twin Cities metro area including Ham Lake, Lino Lakes and all communities in the Forest Lake School District! Serving Anoka, Chisago, Ramsey and Washington Counties in Minnesota.
 
Copyright 2018 terieckholm.com

Oakdale MN | Video Update on 2018 Housing Market

Here's a quick video update on real estate sales statistics in Oakdale, Minnesota for the year ending 2017; and what might be expected in the housing market as we head into the Spring 2018.




If you have additional questions on selling or buying a home in Oakdale, Minnesota, please call or message me directly. I am always happy to assist. 

Check out this recent review received from a past client:  
"I enjoyed working with Teri. She is both professional and easy to work with. Her knowledge about home sales and purchases is great. If you are looking for a REALTOR with innovative ideas and someone to support you through a somewhat stressful time, then choose Teri." --Des T.


Need more information on the Oakdale, Minnesota housing and real estate market?  Message Me on Facebook

SEARCH for Oakdale Minnesota homes

What is my Oakdale Minnesota Home Worth?


READY to Make YOUR Move? It IS essential to have a knowledgeable agent at your side. If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give me, Teri Eckholm of BOARDMAN Realty, a call at 651-336-7073 or visit my website for a FREE Home Buyer Success Guide or FREE Home Value Report. I specialize in acreage and lakeshore properties in the north and east Twin Cities metro area including Ham Lake, Lino Lakes and all communities in the Forest Lake School District! Serving Anoka, Chisago, Ramsey and Washington Counties in Minnesota.
 
Copyright 2018 terieckholm.com

Sunday, February 18, 2018

Get YOUR Twin Cities Home Ready for Sale in 30 Days or Less

Sellers Need a Cheat Sheet

Shortly after becoming a REALTOR® and after visiting several homes in the north and east Twin Cities metro, I realized when sellers invited me over to give them a market analysis they didn't just want an estimate of their current equity. Potential home sellers needed specifics on how to prepare their home for sale. I would walk through the home and make suggestions but sellers wanted a checklist or cheat sheet. Over a decade ago, I wrote my Teri's Top 10 Tips for a Fast Sale informational flyer. My clients used this print out as their guide to preparing their home for sale.

I still pass out a printed copy of my Top Ten Tips from time to time but many sellers today prefer to watch tips on YouTube. So today I pared down my original To-Do guide and updated it as 3 minute video . 

These basic ideas really do help home sellers to get a home ready and sold quickly. Many motivated home sellers are able to complete the tasks in a few weeks.And best of all, most of the sellers that did a diligent job preparing their property, were able to obtain top dollar offers too!

Teri's Top 10 Tips for Preparing a Home for Sale Video


Enjoyed the video but want the more detailed checklist? Send me a message and I will email you a pdf.


READY to Make YOUR Move? It IS essential to have a knowledgeable agent at your side. If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give me, Teri Eckholm of BOARDMAN Realty, a call at 651-336-7073 or visit my website for a FREE Home Buyer Success Guide or FREE Home Value Report. I specialize in acreage and lakeshore properties in the north and east Twin Cities metro area including Ham Lake, Lino Lakes and all communities in the Forest Lake School District! Serving Anoka, Chisago, Ramsey and Washington Counties in Minnesota.
 
Copyright 2018 terieckholm.com

Saturday, February 17, 2018

Oakdale MN | 2018 Housing Market Update Snapshot of Home Sales Statistics




The real estate market is strong in the St. Paul, Minnesota suburb of Oakdale. Closed sales and new listings were down a bit but high demand for this Washington County community pushed the average sale price of a home to over $217K; an increase of 3.8% from 2016. The average price per square foot was also up over 6% to $127sq ft. Compare this to just 6 years ago when it was roughly $80/sq ft, and it is easy to see the strong recovery in the Oakdale housing market. Homes are still selling fast due to a strong demand with properties selling in an average of 43 days on the market. This is a bit faster than in 2016 when homes sold in 48 days. For those planning to buy in this eastern suburb plan to pay close to list price. Sellers received on average 98.8% of their original asking price this past year. If you are thinking of selling your Oakdale home spring 2018, it is a VERY good time. Traditional sellers have the upper hand in price negotiations now because it IS a seller’s market.

 
Need more information on the Oakdale housing and real estate market?  Message Me on Facebook

SEARCH for Oakdale Homes

What is my Oakdale Home Worth?


READY to Make YOUR Move? It IS essential to have a knowledgeable agent at your side. If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give me, Teri Eckholm of BOARDMAN Realty, a call at 651-336-7073 or visit my website for a FREE Home Buyer Success Guide or FREE Home Value Report. I specialize in acreage and lakeshore properties in the north and east Twin Cities metro area including Ham Lake, Lino Lakes and all communities in the Forest Lake School District! Serving Anoka, Chisago, Ramsey and Washington Counties in Minnesota.
 
Copyright 2018 terieckholm.com