I often get questions on where to find information on foreclosure properties in the Minneapolis/St. Paul area. Here are a few free resources that you can refer to:Hennepin County ForeclosuresDakota County ForeclosuresSearch Foreclosures and Short Sales currently for saleUnfortunately the other counties have not become user-friendly enough to post ...
Housing News, Opinion, Statistics and Homes for Sale
Category Archives: Questions and Answers
Q&A – How Long Should it Take to Sell My Home?
According to the RMLS's analysis of the 13 county Twin Cities metro area, the average home is selling in 165 days. But also according to the RMLS, that home is only selling for 91.7% of original list price.Now I'm not 100% sure on this, but my feeling is that most sellers would prefer to sell ...
Q&A: When Will the Twin Cities Real Estate Market Hit Bottom?
This question comes up with both my clients and my coworkers: "When will we hit bottom?"The problem with that question is that there is more than one answer. Are we talking about:Lowest sales price? Fewest units sold in a month? Highest supply of homes on the market? Longest days on market? Lowest (or highest) affordability?Depending on who you are ...
Q&A: How Much Off the Price of a House Can I Offer?
Question: I've been reading in the newspaper and seeing on TV that houses are not selling for what they are listed for. How much can I take off the asking price?Answer: Houses are selling on average for 91% of their original list price, which is to say that this is an average. Homes that are ...
Q&A: How Long to Hear Back on a Short Sale?
Question: I submitted an offer on a listing where the seller needs to get approval of a short sale from their bank(s)...how long will it take to hear back?Answer: Responses from banks on short sales is typically taking anywhere from 2 weeks to 2 months, with 1+ months being the most typical. Most lenders are ...
Aaron Dickinson
Edina Realty
1-800-941-0959
Licensed in MN
