Thursday, July 8, 2010

New Listing in Lakeville, MN 2 story $339,900




Looking for the perfect move-in ready home in model condition? Look no further than this! The home has so many wonderful things about it from condition to location. The neighborhood is conveniently located close to Cedar Avenue and Dodd Road. Only 30 Minutes to the airport and Mall of America. Close to shopping, parks and schools. This neighborhood is in the Lakeville South school district. All of the neighbors show pride in ownership which adds to the appeal of the neighborhood. Many of the homes are very similar in style and size which makes for a great investment.

The main level as you enter the home has a large foyer and beautiful hardwood floors that carry into the kitchen. To the left is a home office that could be used as a 5th bedroom. To your right is a formal dining room which makes hosting dinner parties very easy. The eat-in kitchen with its beautiful hardwood floors also features custom cabinets, center island with breakfast area and plenty of room for a kitchen table. The living room off the kitchen has large windows that add light throughout the day and a gas fireplace for those cold winter nights. The laundry room is also on the main level right off the large insulated 3 car garage.
The upper level has a master suite complete with vaulted ceiling, a large walk-in closet, full master bath with separate Jacuzzi tub and shower. Another full bath plus 3 more nice sized bedrooms all with good closet space.

The lower level is currently unfinished but has egress windows, bathroom rough in and lots of storage space. A large portion is being used as a work shop but if you choose to finish it you could add another 1000 square feet.

The entire yard front and back is beautifully landscaped with many different types of trees, plants and perennials. The in-ground sprinkler system keeps the lawn lush and very green. The back yard is very private and can be enjoyed on the raised paver patio. This is a very unique and beautiful feature that ties into all of the landscaping. It is 17 x 16 which is larger than most deck with plenty of room for a table, lounge chairs and a grill.

This home is a must see with all it has to offer and would be a perfect fit for many different lifestyles. Don't miss this rare opportunity to own this wonderful home; they don't come around very often.

Thursday, July 1, 2010

Avoid the "pricing trap". 5 key points to consider when selling your home.

Top five tips when pricing a home for sale


Pricing decisions should be grounded in reality from the start. Here are some tips to consider before you settle on a listing price.


1. Put personal feelings aside. Think realistically about how much a buyer would willingly pay for your home, not what you think they should pay based on your bias. Buyers don’t care what you paid for your home or how much was invested in repairs and upgrades. All they care about is getting the best home at the best price.

2. Understand the concept of market value. The value of your property is determined solely by what a buyer is willing to pay in today’s market. You shouldn’t automatically expect to get more than you paid when you bought the home. You have to look at all of the information including lagging indicators, leading indicators as well as current indicators. Having an agent who can provide a regression pattern helps as well.

3. Know the competition. No matter how attractive and polished your house, buyers will be comparing its price with everything else on the market. Many times buyers will be looking in more than 1 area at a time. Your best guide is a record of what the buying public has been willing to pay in the past few months for properties like yours in your neighborhood.

4. Price it correctly from the begining. If you're too high, you'll need to continually reduce the price until you hit that "magic" number, and by then buyers will begin wondering what is wrong with the house or might wait to see how low you will go. We call that chasing the market.

5. Don’t test the market. Testing the market is a poor idea because most showings occur during the so-called "honeymoon" period, or the first 21 days in which the property is listed. After those first few weeks, showings drop dramatically. If the listing doesn't sell it could be on the market for a very long time. It typically takes 25 showing to get an offer. If you have had 50 with no offers you have in essence lost 2 buyers. Timing is everything!

Pricing and marketing go hand in hand, one does not work without the other.

As always please consult a real estate attorney with any legal questions you may have and your accountant for any tax questions.

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