HGTV has built an empire
selling viewers on a rose-tinted view of purchasing a "fixer-upper” property,
either with the prospect of living in a DIY dream home or flipping it for a
profit down the road. But out here in
the real world, sometimes deciding to save some cash by
investing in a property in need of some TLC can be a daunting idea. But, with a little elbow grease, you can find
the potential beauty in the heart of what might be a currently beastly house.
Moving is one of life’s most common yet stressful
milestones. There are a million details to account for, and even the best laid
plans can go awry. As real estate professionals, we work often with clients who
fear the stress of the moving process. If you’re not sure where to begin,
consider a few ideas that can help you simplify the process as you close one
chapter and begin a new one.
The biggest real estate story of 2017, here in the
Minneapolis metro region, was the rapid growth of the market. This included a
median sales price that reached an all-time high, closed sales reaching a
twelve-year high, and inventory struggling to keep pace with all these
milestones. As we finish up the first third of 2018, we’re looking at a
different picture here in the Twin Cities.
When you’re house-hunting, you get a sense for a home’s room and bathroom count, it’s square footage, and a few other main check-list items to determine if a property is a good fit. But there’s plenty more to think about when buying a house here in the Twin Cities. After all, sometimes you’re not just buying a building—you’re likely buying the lot its built on, as well as some footage above and below the ground. Which leads us to two key questions: do you own the air above your home? And do you own the ground below?
Happy holidays! The year-end rush and festivity is now upon us, with just a few days left in 2017. Haven’t hammered out your New Year’s plans just yet? Don’t worry, we’ve got you covered. No matter what your tastes may be, there’s always something brewing the Twin Cities area to keep you entertained. From the suburbs of Eden Prairie to the hearts of Minneapolis and St. Paul, there’s no shortage of liveliness to keep you buzzing this year-end holiday season.
When you buy a house, you also buy the lot it sits on. However, you’d be surprised at how many people overlook the details when it comes to their lot, its true size, and its boundaries. Understanding your property lines also comes in handy, as this knowledge comes into play when settling neighborly disputes, getting a sense of your land’s truest value, or providing guidelines for zoning and building permit. Let’s say you decide to build a garage, pool, or new walkway—you’ll have to know the legal space you can build within. With that in mind, here are a few worthwhile things to consider when it comes to you and your property lines.
As they grow older, more and more millennials are eyeing the
housing market. Here in the Twin Cities, as growth continue to skyrocket, more
people want a piece of the real estate pie. However, one the toughest hurdles
when it comes to buying a home is student debt, an increasingly common issue.
Saving for a down payment is an intimidating prospect for many would-be homebuyers in the Twin Cities market. However, there are many ways to source a financially sound down payment—if you know where to look and how to plan. Likewise, there’s plenty of misinformation out there making first-time homebuyers believer that purchasing a home is nearly impossible. To combat the daunting prospect of down payments, here are a few facts to keep in mind as you consider your homeownership needs and long-term financial goals.
One of the biggest
hurdles to buying a home is getting your financial foundation in the right
place. With that in mind, we’ve assembled a few ways you can double down on
your credit ranking and get the most out of your mortgage when you finally
decide to take the leap and buy a home in the Twin Cities region this year.
Take a look below at a few practical ways to get smart with your money in
preparation for homeownership.
As summer winds to a close, it’s a great opportunity to get out an explore the last of the summer buzz in Eden Prairie and the nearby Twin Cities. If you’re looking for things to do in Minneapolis this weekend, look no further than our events guide below, where you’ll find a mix of artistic endeavors, musically engaging exploits, and more. Here in Eden Prairie, proximity to the Twin Cities is simple as can be—that’s why it’s one of the most attractive commuter suburbs of Minneapolis. Stretch your legs this weekend and venture out and about to absorb those warm rays of sunshine while they last.
When it comes to
remodeling your home, there are benefits you can’t ignore: remodeling boosts
your home’s value, plus you’re one step nearer to having your dream house. 2017’s
trendiest wave of home remodeling features enjoys a wide range: from upping
your home’s profile using smart technology, to styling a backyard paradise and
much more
Buying a house in Eden Prairie—or anywhere, for that matter—is certainly the investment of a lifetime, so being an intelligent and strategic homebuyer is of the highest priority. Don’t just sign away on the bottom line! Gather all the facts, history, and records necessary to learn of hidden costs or potential pitfalls on your would-be property. Once you discover the answers to these three important questions below, you can truly determine whether your dream home is all you imagined it to be.
According
to a recent report from the Minneapolis Area Association of Realtors, sellers
enjoyed a 1.3% bump this spring compared to the same time last year. What’s
more, the number of closed sales rose a whopping 8.3%. Both are strong
indicators of a robust market, where buyers are eager to lockdown their ideal
property while mortgage interest rates are still enjoying historic lows.
According
to recent reports from the Minneapolis Area Association of Realtors, now is
the perfect window in the local housing market for sellers stewing over the
potential of selling or not to finally take that leap! With inventory not
entirely keeping pace with a high demand for homes, sellers are enjoying an
upper-hand in the current market. Homes in the Minneapolis area are fetching
top-dollar, with many sales instigating bidding wars between potential buyers.
Not only does this mean that a seller’s home will likely garner a great rate,
it also means that financial flexibility can help place you into your next
dream home.
According to the Minneapolis Area Association of Realtors, there is considerably strong demand going forward as we make our way through the wintry season. To boot, home prices are fairing strongly, and inventory—though still trying to catch up to unprecedented levels of demand—is slowly but surely keeping pace.
Research from the Minneapolis Area Association of Realtors shows that demand is up by 1.6% compared to this time last year. While that might not seem like a marked percentage increase, it actually amounts to a thousands of additional properties purchased by homebuyers in the Minneapolis area. What’s more, closed sales increased too, just shy of a percentage point at .8%, amounting to a 4,791 additional closed home sales.
For home sellers eyeing the market—and potentially their next property—rest assured that you’re likely to get a solid price for your home, with reports indicating that the median sales price for autumn this year rose by 6.5% annually. Likewise, homes on the market are selling quickly, and attractive listings are likely to garner multiple bids. According to the Minneapolis Area Association of Realtors blog, "The average percent of original list price received at sale was 96.9 percent, 0.8 higher than last year. But the median percent of current list price received is 99.6 percent, the highest level since 2005.”
Judy Shields, the President of the Minneapolis Area Association of Realtors, commented on the surge, saying, "Demand is still soaring.” This is encouraging news due to the season, where activity tends to taper off this time of year. Instead, winter 2016 is looking to be a scorcher when it comes to Minneapolis area housing market demand. In addition, the Minneapolis area labor market is going strong, and growth is on the move in all sectors, which means that prosperity in the workforce will likely translate to continued prosperity in the Twin Cities area housing market. In fact, the unemployment rate in the Minneapolis area is significantly lower than the 4.9% national average, coming in locally at 3.3%.
Though mortgage interest rates have shifted a bit, they are still far lower than the year-by-year average, which means that the time is ripe for homebuyers looking to lock in unprecedentedly attractive 30-year fixed-rate mortgage interest rates right now. This winter is surely shaping up to be a positive one in the Minneapolis area, whether you’re interested in buying or selling your home.
At Helgeson Platzke Real Estate Group, we are proud to be a member of Eden Prairie’s esteemed small business community. Since 1995, we’ve offered the very best in Twin Cities real estate, earning our community’s trust as the #1 Sales Team in the Eden Prairie area. With over 4,500 homes sold, our staff has both the knowledge and experience necessary to ensure that your home ownership goals are delivered. So, if you’re considering buying or selling your Eden Prairie area home this summer, now is the time to enlist the help of a real estate professional who can help you make the most of this season’s extraordinary market.
This year has been an eventful one in the world of real estate. From news of increased inventory with new home construction on the move, to unprecedented demands for existing homes, 2016 has shaped up to be a largely positive one for the U.S. housing market.
Let's begin with increased demand. As recently as October, the National Association of Realtors at Realtor.org reported that existing-home sales continued their upward trend this autumn, even toppling June's high sales peak. This is particularly remarkable news considering that spring and summer are largely held as the top home-buying and selling months of the year. However, in October, all major regions around the country reported significant increases in annual sales. Total existing-home sales—or, the sales of homes built and on the market—grew 2% in October. At a seasonally adjusted 5.9%, October's existing-home sales outpaced summer rates and were the highest since February 2007.
Chief Economist at the National Association of Realtors, Lawrence Yun, commented on the unexpected gains, saying, "October's strong sales gain was widespread throughout the country and can be attributed to the release of the unrealized pent-up demand that held back many would-be buyers over the summer because of tight supply." What's more, Yun went on to say that wages are pushing upward and construction is also increasing, which means that a market in high demand will soon enjoy the relief of added inventory. Plus, workers are primed to enjoy a bump in pay, making the transition to homeownership a more financially feasible one.
In other news, high-tech trends are emerging in the housing market, as realtors, builders, and owners recognize the need and mounting desire for smart home accessories, according to another report by the National Association of Realtors. Realtors are seeking certifications in smart home technologies—such as Nest—to better serve homebuyers seeking up-to-date accoutrements in their future dream home. According to the report, over half of potential homebuyers are interested in these emerging technologies, some that address household thermostat systems, others that provide cutting edge security features linked to smartphones. As new-build properties hit the market, technology of this nature is sure to be on the minds of builders and planners equipping new construction properties.
Finally, 2016 was marked by exceptionally low mortgage interest rates of historic proportions. With the presidential election in the rearview mirror, some of those numbers are on the move, which means that now more than ever is the time to lock in a low mortgage interest rate. Regardless, 2016 was a strong year for mortgage interest rates, and certainly was an important component in the market's often unprecedented surges.
At Helgeson Platzke Real Estate Group, we are proud to be a member of Eden Prairie's esteemed small business community. Since 1995, we've offered the very best in Twin Cities real estate, earning our community's trust as the #1 Sales Team in the Eden Prairie area. With over 4,500 homes sold, our staff has both the knowledge and experience necessary to ensure that your home ownership goals are delivered. So, if you're considering buying or selling your Eden Prairie area home this summer, now is the time to enlist the help of a real estate professional who can help you make the most of this season's extraordinary market.
According to a recent article from the Minneapolis Area Association of Realtors, those selling homes in the Minneapolis area are enjoying a boost of confidence this fall, as seller activity is up 5.6% since this time last year. 6,727 new homes have entered the Twin Cities real estate market during the month, and there’s even more good news: closed sales underwent a 5.7% bump, too, the highest level seen since 2005.
In addition to the encouraging boost for homebuyers and sellers in the Eden Prairie and Minneapolis areas, average sale prices increased 3.6% from this time last year, which is an exceptional development, considering peak home buying season concluded during the summer months. To boot, homes are more in-demand than ever, which means that they’re flying off the market at an average rate of 56 days before a closed sale.
So, how do all these facts and figures translate to those interested in buying and selling a home in the Minneapolis and Eden Prairie areas this fall or winter? For starters, sellers can part with their property with the utmost confidence that it will sell in short order, for a good price, while perfectly positioning them to embark on their next property. Eden Prairie and the Minneapolis areas are in high real estate demand, which means that selling a home at this juncture is not only a lucrative proposal, but it also means that buying your next property is a prudent investment, too. Those interested in buying a house in Eden Prairie can take particular heart, as Money Magazine recently listed the community as one of the most desirable locales in the country to own a home.
Minneapolis Area Association of Realtors president, Judy Shields, reiterated confidence in the Twin Cities’ real estate market, saying, "This market doesn’t seem to be slowing down one bit.” Likewise, MAAR president-elect, Cotty Lowry echoed that sentiment, saying, "This market is on solid footing.” Looking ahead through winter, homebuyers and sellers can rest assured that the strength of the local economy will keep the housing market steady. According to research, the Minneapolis-St. Paul region has one of the lowest unemployment rates of all major metropolitan areas, which means that growth is steady and translating to healthy housing market options and action.
With mortgage rates still hovering at exceptional lows, there’s no time like the present to make the transition into homeownership with the help of a trusted and experienced guide, like those found at Helgeson Platzke Real Estate Group. Whatever your tastes, budgets, or homeownership needs may be, at Helgeson Platzke we can make the house of your dreams a reality.
At Helgeson Platzke Real Estate Group, we are proud to be a member of Eden Prairie’s esteemed small business community. Since 1995, we’ve offered the very best in Twin Cities real estate, earning our community’s trust as the #1 Sales Team in the Eden Prairie area. With over 4,500 homes sold, our staff has both the knowledge and experience necessary to ensure that your home ownership goals are delivered. So, if you’re considering buying or selling your Eden Prairie area home this summer, now is the time to enlist the help of a real estate professional who can help you make the most of this season’s extraordinary market.
This summer, the Twin Cities housing market trends have been all about breaking records. Now that the data is in, it’s no surprise that June proved to be another record-breaking month for home prices and market growth in the Minneapolis - St. Paul region.
This immaculate, updated and well-cared home offers a family everything possible on their wish list. The main level offers a very open floor plan with two story foyer and living room. The rooms are large throughout the home with over 5,280 finished square feet and well placed built-ins. With 4 bedrooms up including a Full Master, a loft, laundry and two full baths with double sinks for both.
This Two Story home is meticulously cared for and in desirable Huntington neighborhood!
Let me share with you a few of the updates completed with this home for your family to enjoy. All four bedrooms are on the Upper Level with the Master Bath seeing a beautiful update and another full bath for siblings to share.
Enjoy Resort Style Living with breathtaking water views and fantastic amenities at an unbelievable value price. With over $800K invested in this Custom-designed Rambler offering almost 2,000 ft of living space on the Main Level. This home offers distinctive styling in every room of the house with an open floor plan, custom wood and stone features, cabinets and shelving throughout.
The Lakeside Neighborhood on Lake Riley features a clubhouse with main level kitchen, full bar, sitting and eating areas with 3 flat screen TV’s and a separate room with pool table. The lower level provides the residents a fitness room and access to the outdoor pool for relaxation/recreational activities and all levels are elevator accessible. Additionally, there is deeded lakeshore with docks, picnic area and a fire-pit to enjoy.
Conveniently this exceptional property is near the Bear Path Golf Community and Hwy. 212 access to fine dining, entertainment, shopping and recreational activities.
This Two Story offers 4 bedrooms, 3 baths making it the perfect place to call home! Beautiful landscaping brings privacy and curb appeal. 
What an impressive property!
This gorgeous kitchen is a place the whole family will enjoy with the solid wood cabinetry and backsplash, granite countertops, hardwood floors, stainless steel appliances,and island open to the entire main level. Plus, mom this home has the mudroom you have been looking for!
Hardwood floors are carried into the dining room you will notice the gorgeous fixtures and white trim. The Great room is also the main level with hardwood floors recessed lighting, Large windows throughout, with three tier wall of windows and elegant wrap-a-round staircase! And, an elegant powder room on the main level with granite countertop and marble backsplash. The formal living room has more recessed lighting and crown molding.
Hardwood floors invite you in the spacious Foyer as you head upstairs to 4 large bedrooms with two full baths and large closets with custom shelving. The Owner Suite is 17 x 14 with recessed lighting plus the 5 piece bath and walk-in closet.
The lower level offers a fifth and sixth bedroom with large closet space, family room with recessed lighting, and area for both adults and children to entertain themselves.
This property offers a family everything they would need and desire for their family! Take a visit to Shelter Grove and it will become your newly purchased dream home and enjoy for years to come with your family.
This Distinctive Home offers a family great value with the 5 large Bedrooms, 4 Baths, oversized 3 Stall Garage with great tree coverage providing privacy with the extended long driveway.
What an impressive property!
This gorgeous kitchen is a place the whole family will enjoy with the white cabinetry and backsplash, granite countertops, hardwood floors, stainless steel appliances, built-in wine rack and island. Plus, mom this home has the mudroom you have been looking for -- Offering brand new cabinetry with butcher block countertops, built-in washer and dryer, slate floors, hooks, shelving, and barn door on the closet.
Hardwood floors are carried into the dining room you will notice the gorgeous fixtures and white trim. The family room is also the main level with hardwood floors recessed lighting, new custom 6 ft. window, wood burning fireplace and built-in shelving! And, an elegant powder room on the main level with granite countertop and marble backsplash. The formal living room has more recessed lighting and crown molding.
From the spacious foyer covered with brand new carpeting as you head upstairs to 4 large bedrooms with two full baths and large closets with custom shelving. The Owner Suite is 19 x 15 with recessed lighting plus the 5 piece bath and walk-in closet.
The lower level offers a fifth bedroom with two closets, family room with recessed lighting, brand new sliding door and gas burning fireplace, and extra walkout bonus room.
This property offers a family everything they want and more! Take a visit to Franlo Road and it will become your dream home to purchase.
This four bedroom, 4 bath modified two story is meticulously maintained full of recent updates all on 1.3 acres. Come enjoy all the open green space and beautiful views.
The open floor plan flows from the front entry/great room into a exceptional, over-sized kitchen, which includes a center island, bountiful amount of granite countertop- and cabinet-space, tile backsplash and stainless appliances.
This home is an incredible value for this amount of finished square footage and oversized lot. Visit this home at 12147 Thrush Street and imagine the possibilities for your family.
This 6 bedroom, 5 baths Two Story offers some rare estate like qualities to a new family.
You will enjoy the in-ground saltwater pool, a 3+ stall garage, 4,565 finished sq. ft., huge game room, open layout for modern living, hardwood floors, gourmet kitchen with butler’s and walk-in pantry, breakfast bar, granite countertops, stainless steel appliances, double oven. Gorgeous iron fence finished the beautiful landscaped yard and more.
All three levels are finished to a T!
You’re invited to view this exceptional home priced right with all of the positives to rush you over to 6075 Yuma Lane North, Plymouth, MN 55446 and buy it.
This completely finished 5 bed, 5 bath two story walkout sits in a highly sought after neighborhood offering recreational amenities which includes a pool, playground, open space and clubhouse. The home offers your family an open floor plan with 4 bedrooms upstairs including a Jack and Jill bath and Jr. suite. While the Main floor is equipped with a spacious gourmet kitchen adorned with granite countertops, Stainless Steel appliances, large center island, large walk in pantry and enameled woodwork. Enjoy the outdoors from in- or out-doors with large floor to ceiling windowscapes bringing vivid light and views in or walk out onto the deck overlooking the manicured yard.
There is so much upside to this home and the neighborhood it will not last long at $629,000. It’s a truly MUST SEE for any growing family on Weston Lane in Spring Meadows!
In the City of Eden Prairie the July 2015 housing trends illustrates some interesting results statistically for home owners and potential buyers. It seems the market is still a seller’s market with a limited amount of inventory from the 10 year norm but the market is equaling out benefiting the potential home buyer. After viewing these statistics it would seem it's the right time to buy a home in Eden Prairie. Read more details now...
