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All About Minnesota Real Estate

By Joe Metzler, Sr Loan Officer
(Cambria Mortgage)
What are mortgage closing costs?When buying a home, everyone pretty much get's the concept of down payment. But first time home buyers are typically shocked to learn about something known as closing costs.So Exactly What Are Closing Costs?These are additional costs required for the many services related to buying a house. Examples of closings costs include appraisal, credit report, loan processing costs, title company/attorney fees, title insurance, along with state and/or county recording and deed taxes.  There are also optional items here, like if you choose to pay discount points to lower your loans interest rate.You also have something known as pre-paid items. Examples of these including paying for your first years homeowners insurance policy up-front, and a one time pre-rated prope...
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By Joel Friday, Make sure your home is "SOLD by Friday!"
(Keller Williams Classic Realty)
Selling stats in 55448 Coon RapidsHello Sellers, let's take a closer look at some important real estate metrics that can help you understand the current market conditions and make informed decisions when selling your property.First, let's talk about the Months Supply of Inventory, which is currently at 1.05. This metric indicates how long it would take for all the current listings to sell based on the current pace of sales. A lower number like 1.05 suggests a seller's market, where demand is high compared to supply.Next, we have the 12-Month Change in Months of Inventory, which has increased by +12.9%. This means that the market has seen a slight increase in inventory over the past year, which could indicate a shifting market towards a more balanced state.The Median Days Homes are On th...
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By Joel Friday, Make sure your home is "SOLD by Friday!"
(Keller Williams Classic Realty)
Ramsey County Retreats: Discovering the Top Lakes in the Heart of MinnesotaFind Ramsey County lake homes for sale click hereRamsey County, located in the vibrant heart of Minnesota, offers a delightful blend of urban charm and natural beauty. This region is home to an array of serene lakes that provide a peaceful escape from the hustle and bustle of city life. Join us as we explore the top lakes in Ramsey County, each offering a unique blend of recreational opportunities and scenic splendor.Lake Phalen:Embrace the natural beauty of Lake Phalen, a stunning 198-acre lake nestled within Saint Paul’s Phalen Regional Park. With its picturesque trails, sandy beaches, and tranquil waters, Lake Phalen is a favorite destination for fishing, kayaking, and picnicking. Anglers can reel in bass, wal...
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By Mark R. Westpfahl REALTOR Broker, e-PRO® CNE® REALTOR® Minnesota Real Estate Broker
(Vexillum Realty - Eagan, St. Paul, Minneapolis and suburbs)
Navigating Probate Real Estate in Minnesota:Tips for Executors With Real Estate to Sell   Experiencing the probate process can be challenging. If you are managing an estate to be settled that includes one or more properties in Minnesota, this may be for you. This article provides insights into the options available for selling properties in probate, ranging from maximizing market value through renovations to quick sales to investors or iBuyers. Consulting a real estate professional specializing in probate transactions will offer guidance for those wishing to sell an inherited property.   If you’ve recently been appointed as administrator of an estate that must go through probate in Minnesota, this new responsibility of yours may include the transfer or liquidation of one or more proper...
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By Stieg Strand, showing up. working hard. every day.
(RE/MAX Results)
9432 Libby Lane Eden Prairie, MN For Sale - $565,000Large sunlight filled open executive rambler townhome with walk out basement is perfect for entertaining and enjoying your view of the woods! (Not another building!) On the main level you will find the primary suite with large walk in closet, laundry, sunroom, office/den, and half (guest) bathroom. The lower level features wide open space for entertaining, 2 bedrooms, full bathroom, and walkout to green space behind home. This townhome association is conveniently located in Eden Prairie and close to Bear Path Country Club, walking trails along the Minnesota River Valley with breathtaking views, and just a few minutes away from Scheels at the Eden Prairie Mall. A live video tour is available right here..... https://bit.ly/4bz1GbSFull Li...
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By Joel Friday, Make sure your home is "SOLD by Friday!"
(Keller Williams Classic Realty)
 🏡 Attention Andover, MN Sellers! 🏡 Did you know that there is currently a low 2.09 Months Supply of Inventory in our area? With a +27.44% increase in the last 12 months, now is the perfect time to list your home! The List to Sold Price percentage is at 100.5% - making it a great market for sellers. The median days on market is just 28 days, with a median sold price of $470,000. Contact me, Joel Friday, REALTOR®, to learn how you can take advantage of these market trends and sell your home quickly and for top dollar. #AndoverRealEstate #MarketTrends #SellYourHome 📈 Thinking of selling your home in Andover, MN? Now is the time! With only 2.09 Months Supply of Inventory, the market is hot for sellers. The List to Sold Price percentage is at 100.5% - meaning you could potentially sell your...
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By Stieg Strand, showing up. working hard. every day.
(RE/MAX Results)
This is the 2nd of 6 part in this series topic. I think it is important to put all things into perspective.  Since March 15th, and even before with all the speculating, it has made or at least suggested that Realtor's are incompetent, crooked, or simply greedy. There is always room in every industry for policing, and I am a big fan of that, and have been directly involved in Real Estate Ethics, Fair Housing, Representation, and the like for 18 of my currently 28 year career in real estate. I also think it is important to shed the light on a number of these Media Spins. The media has stated that the settlement prohibits sellers from paying a commission to a buyer’s broker and relieves sellers of the financial burden.That is False.One of the new requirements is that any offer of buyer bro...
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By Stieg Strand, showing up. working hard. every day.
(RE/MAX Results)
I think it is important to put things into perspective.  Since March 15th, and even before with all the speculating, it has made Realtor's look either incompetent, crooked, or simply greedy and lazy. There is always room in every industry for policing, and I am a big fan of that, and have been directly involved in Real Estate Ethics, Fair Housing, Representation, and the like for the majority of my 28 year career. I think it is important to shed the light on a number of these Media Spins. This is the first installment of a series that will most likely be 6 different posts. I would do them all at once, but.... Attention spans can be a tough thing to manage. Feel free to share this if you like. MYTH 1: The media has stated that the settlement will, for the first time, allow sellers to no ...
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By Joel Friday, Make sure your home is "SOLD by Friday!"
(Keller Williams Classic Realty)
Washington County Wonders: Exploring the Top Lakes in Eastern MinnesotaClick here for Washington County Lake homes for saleNestled in the scenic landscapes of eastern Minnesota, Washington County is a haven for outdoor enthusiasts, boasting a collection of stunning lakes that offer a peaceful retreat amidst nature's splendor. Join us on a journey as we uncover the top lakes in Washington County, each offering a tranquil escape and a wealth of recreational opportunities.White Bear Lake:Embrace the beauty of White Bear Lake, a picturesque gem spanning 2,416 acres. Surrounded by lush forests and charming communities, White Bear Lake is a popular destination for fishing, boating, and lakeside recreation. Anglers can reel in walleye, muskie, and panfish, while boaters can explore the lake's ...
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By Stieg Strand, showing up. working hard. every day.
(RE/MAX Results)
Eden Prairie, Minnesota is a great place to live. It is a suburban city of about 65,000 people. Eden Prairie has over 35 square miles and has a median family income of $105,000. It has been recognized nationally in many different top 10 best places to live in the US over the last 20 years in Money Magazine.Eden Prairie has excellent award winning schools, as well as 3 practical features discussed in the 60 second video below.  Stieg Strand RE/MAX Results has been living in, loving, and selling Eden Prairie since 1998. He is a trusted real estate agent who clients say is "authentic, refreshingly honest, and has great follow through". You can read reviews here....   
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By Stieg Strand, showing up. working hard. every day.
(RE/MAX Results)
Preparing your home for sale. It can be a truly a daunting task. How far in advance to start the process, and what "truly matters" to a future buyer. Most of the time the most difficult part is getting started and of course how to start.Given everything else equal, there are actually two effective "non-painful" ways that have lowered the stress time and time again for many of my clients. 
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By Joe Metzler, Sr Loan Officer
(Cambria Mortgage)
Minneapolis, MN: Dream of buying a multi-family home, like a duplex, living on one side, and renting out the other?It's a pretty common thought, and something I personally did in my early years. It was great. The rented side paid about 95% of my monthly mortgage payment. Meaning I was building equity, and essentially living free.  How cool is that?Until recently, the only small down payment option to buy a multi-family home, and live in one unit was an FHA loan loan, which required only a small 3.5% down payment.While there is absolutely nothing wrong with an FHA home loan, there are some positives and negatives about this option. One negative being primarily that an FHA loan does have a more stringent requirement for the condition of the home.  For example, if the home is older than 19...
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By Joel Friday, Make sure your home is "SOLD by Friday!"
(Keller Williams Classic Realty)
Sherburne County Splendor: Exploring the Top Lakes in Central MinnesotaFind your Sherburne County lake home click hereNestled in the heart of central Minnesota, Sherburne County boasts a wealth of natural beauty, including a collection of stunning lakes that beckon outdoor enthusiasts. Join us on a journey as we uncover the top lakes in Sherburne County, each offering a serene escape amidst picturesque surroundings.Elk Lake:Embrace the tranquility of Elk Lake, a pristine gem spanning 2,337 acres. Surrounded by rolling hills and lush forests, Elk Lake provides a peaceful retreat for fishing enthusiasts. Anglers can cast their lines for bass, walleye, and northern pike, while boaters can explore the lake's tranquil waters and scenic shoreline.Lake Mitchell:Discover the serene beauty of La...
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By Joel Friday, Make sure your home is "SOLD by Friday!"
(Keller Williams Classic Realty)
Does It Make Sense To Buy a Home Right Now?Thinking about buying a home? If so, you're probably wondering: should I buy now or wait? Nobody can make that decision for you, but here's some information that can help you decide.What’s Next for Home Prices?Each quarter, Fannie Mae and Pulsenomics publish the results of the Home Price Expectations Survey (HPES). It asks more than 100 experts—economists, real estate professionals, and investment and market strategists—what they think will happen with home prices.In the latest survey, those experts say home prices are going to keep going up for the next five years (see graph below):  Here’s what all the green on this chart should tell you. They’re not expecting any price declines. Instead, they’re saying we’ll see a 3-4% rise each year.And eve...
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By Joel Friday, Make sure your home is "SOLD by Friday!"
(Keller Williams Classic Realty)
Chisago County Charms: Exploring the Top Lakes in Eastern MinnesotaFind the best lake homes in Chisago CountyNestled in the scenic beauty of eastern Minnesota, Chisago County is a hidden gem for outdoor enthusiasts, boasting a collection of enchanting lakes that beckon exploration. Join us on a journey as we uncover the top lakes in Chisago County, each offering a tranquil retreat amidst nature's splendor.Chisago Lake:Embrace the serene beauty of Chisago Lake, a picturesque body of water spanning 1,738 acres. Surrounded by rolling hills and dense forests, Chisago Lake offers a peaceful escape for fishing enthusiasts, with ample opportunities to reel in bass, northern pike, and walleye. Visitors can also enjoy kayaking, canoeing, or simply relaxing along the tranquil shoreline.Green Lake...
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By Stieg Strand, showing up. working hard. every day.
(RE/MAX Results)
Stieg Strand takes a deep dive into Eden Prairie, Minnesota's 2023 Home Sales Market to analyze the effects of the uphill climb of historic increases in interest rates through the year.  
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By Stieg Strand, showing up. working hard. every day.
(RE/MAX Results)
 Stieg Strand takes a deep dive into the question of the market is truly shifting to stronger buyer focused.   
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By Joel Friday, Make sure your home is "SOLD by Friday!"
(Keller Williams Classic Realty)
Wright County Wonders: A Tour of the Top Lakes in Wright County MinnesotaFind your Wright County lake home click hereNestled in the scenic landscapes of Minnesota, Wright County is a haven for outdoor enthusiasts, boasting a collection of pristine lakes that beckon exploration. Join us on a journey as we uncover the top lakes in Wright County, each offering a unique blend of natural beauty and recreational opportunities.Clearwater Lake:Embark on a tranquil escape at Clearwater Lake, a stunning gem spanning 3,158 acres. Surrounded by rolling hills and lush greenery, Clearwater Lake is a haven for fishing enthusiasts, with ample opportunities to reel in walleye, bass, and northern pike. The expansive waters also provide a serene setting for kayaking and pontoon rides.Sugar Lake:Escape the...
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By Joel Friday, Make sure your home is "SOLD by Friday!"
(Keller Williams Classic Realty)
Discovering Tranquility: Unveiling the Top Lakes in Hennepin County, MNFind the best lake homes in Hennepin County for saleNestled in the heart of Minnesota, Hennepin County boasts a picturesque landscape dotted with pristine lakes that offer a serene escape from the hustle and bustle of city life. Join us as we unveil the top lakes in Hennepin County, each a hidden gem waiting to be explored.Lake Minnetonka:Embrace the epitome of lakefront luxury at Lake Minnetonka. With its expansive 14,528 acres, this iconic body of water is a playground for water enthusiasts. From sailing and fishing to lakeside dining, Lake Minnetonka offers a diverse range of activities for visitors seeking both relaxation and adventure.Medicine Lake:Known for its crystal-clear waters and tranquil surroundings, Me...
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Minnesota Real Estate Agents and Real Estate Professionals