Stillwater Real Estate » Selling Real Estate

Seller Says Uncle, Finally Drops Price

Ben Goheen — Thu, 28 Jan 2010 04:54:06 +0000

After four hundred fifty seven (yes I spelled it out, because it’s a long time) days on the market the sellers of 1111 Bergman Drive finally lowered their price. The 1,612-square foot two-bedroom, three bath townhome dropped 6%, which puts it at $99/square foot. Since it hit the market 11 other units in the development have sold and 3 are currently pending.
View the listing [Edina Realty]

Short Sales Explained

Ben Goheen — Wed, 28 Oct 2009 14:37:49 +0000

Kare11 explains the process of a short sale with interviews from local Realtors, buyers and sellers. The story lets you know what to expect when trying to buy or list a short sale.

Search Short Sale Properties

Remodeling Cost vs. Value

Ben Goheen — Sun, 11 Oct 2009 03:25:43 +0000

Remodeling Magazine has published figures of how much money the average remodeling project will recoup versus it’s cost. A deck addition tops the list, recovering about 76% of the cost. To see the entire list click here.

Notice that ALL the numbers for a mid-range home are down for this year – meaning you won’t recoup as much as the same remodel just a year ago.

Video: Home Crisis Investigation

Ben Goheen — Sat, 01 Aug 2009 04:16:34 +0000

When John Oliver from The Daily Show needs bathroom decorating tips who does he turn to? None other than Yale economist Robert Schiller.

I’m not an expert

Ben Goheen — Wed, 22 Jul 2009 13:41:17 +0000

Since nearly everyone starts looking for a home online these days having great photos is a must. And while I’m typically a DIY’er there just no comparison between the photos I take and what a professional can do. Our new condo for sale in Roseville is a perfect example of this. Click on the images below enlarge the before and after results:

If you have a home to sell and want it to look this good online, give us a call at 651.356.8877.

I'm not an expert

Ben Goheen — Wed, 22 Jul 2009 13:41:17 +0000

If you have a home to sell and want it to look this good online, give us a call at 651.356.8877.

Stage Your Home for Under $50

Ben Goheen — Sun, 12 Jul 2009 15:52:17 +0000

Selling your home can be an overwhelming task. This video shows how you can realistically stage your home for a small amount of money.

Jumbo absorption rates

Ben Goheen — Sun, 17 May 2009 01:37:10 +0000

Let’s look at the absorption rate for homes in the Stillwater area that require a jumbo mortgage. The absorption rate is the ability of the real estate market to absorb or sell all of the houses for sale in a given amount of time. A jumbo mortgage is a mortgage with a loan amount above the Fannie Mae and Freddie Mac standard for conventional conforming loan limits, currently at $417,000.

To sell all houses currently for sale above $417,000 it will take approximately

92 weeks

This translates into nearly 21 months on the market – OUCH! A 6 month absorption rate means that the market is balanced and doesn’t favor buyers or sellers. We’re obviously still in a buyer’s market, especially if you’re looking at higher end homes.

DISCLAIMER: This assumes these current listings will sell for $417,000 or above and that the loan amount will also be that high.

credits: photo 1 photo 2

Avoid the 10 Biggest Selling Mistakes

Ben Goheen — Thu, 01 Jan 2009 22:49:31 +0000

This clever video shows you the top 10 home selling mistakes to avoid.