MN real estate pricing tips - Hometown Realty Selling your home is not a game, so buyers need to feel that “the price is right” when they walk through your home the first time. I’ve mentioned before that the first impression that a potential buyer has of the home is very important. It’s [...]
We at Hometown Realty in Hutchinson, MN have seen a dramatic drop in the sale of distressed property in McLeod County. Distressed property means foreclosures and short sales. As you can see by the graphs below, traditional home sales have risen 17.1%. Foreclosed homes have dropped 27.8% and short sales have dropped 16.7%.
Multiple home offers are back in Hutchinson, MN and McLeod County It’s been quite a few years since multiple offers have been a factor in the housing market, but I am pleased to report that they are back! Many of the homes that have been sold in the last few months have had [...]
Protect your assets from disaster Recently my niece and her family lost their home and all the contents to a house fire. The fire was discovered in the garage and all of them got out of the house safely. Within a few minutes there were a couple of explosions and by the time [...]
Turn off the water inside your house before you leave! Some people I know left for a week’s vacation and did not turn the water off inside their home. Fortunately, they were having some work done to the house while they were gone, and I met the plumbers at the house one morning to find [...]
Passing life estate title to children Many people as they age decide to put the title to their homes into their children’s names. Usually there is a life estate retained by the parents. I’ve written before about some of the pitfalls that may not be considered at the time decisions like this are [...]
Everyone knows from listening to the media, that the 2012 real estate market showed many positive signs of recovery. Locally, we saw the number of days on the market decrease (34%), the number of homes for sale decrease (4%), and the number of homes sold increase (12%). What we didn’t see locally was the average [...]
According to recent figures by the National Association of Home Builders, the number of building permits in Minnesota (both Single and Multifamily) was up considerably in 2012 compared to 2011. The NAHB reports the overall increase in Minnesota's single family building permits increased by 36% and 255% for multi family permits. Here is a breakdown [...]
The National Association of Home Builders last published an article on how long buyers remain in their homes in early 2009. The 2009 article showed that, based on a long-run calculation that averaged the available data over the years 1985 through 2007, the typical buyer could be expected to stay in a single-family home roughly [...]
Save about $600 per year by boosting the amount of attic insulation from R-11 to R-49. Depending on the type of materials you use, figure on paying an insulation contractor about $1,500 to insulate an 800-square-foot attic, which pays back your investment in three years. You’ll spend about half that to do the job yourself. [...]
