It is Friday and Fridays are for fun. I have a vegetable garden and I go to the Farmer’s market every week. My diet these days is mostly vegetables.
I have been drying some of my veggies and fermenting them too. I found my grandmother’s recipe for homemade sauerkraut and it became my first fermentation experiment. It turned out to be like a gateway that lead to fermented beets and cucumbers.
It has a wonderful flavor and is loaded with good bacteria that is not cooked or pasteurized out.
Dried beets are mighty tasty and easy to make. Just slice them thin and put them in a food dehydrator and four to six hours later they are crispy but still taste like fresh beets.
Peppers are particularly easy to dry and since I have cut way back on the salt they come in handy for seasoning all those veggies I have been eating.
I love the summer. The tomatoes are getting ripe now and I have a huge jar of cucumbers fermenting away in the basement. There are plenty of fresh herbs and fresh Raspberries too.
Median home prices have gone up everywhere but compared with the entire Twin Cities metro area home prices in St. Paul increased by a greater percentage. The median price increased by an average of 7.1% in the metro area and 10.3% for St. Paul.
For the last few months, the number of homes on the market has been slowly rising but demand is so strong that there is less than a two month supply of homes on the market.
Everyone who is buying or selling a home knows that they go pretty fast and some homes sell with multiple offers. In the last couple of days, I have encountered a couple of situations where real estate agents have set a deadline for offers but there were no offers.
If you are a real estate agent or a home seller you need to know that there is a huge difference between someone saying he/she is going to make an offer and actually getting an offer.
Let me repeat it. There is a huge difference between someone saying he/she is going to make an offer and actually getting an offer.
Generally, there is no deadline for making an offer on a home that is on the market. If someone makes an offer and there are other interested parties then there is a reason to create a deadline. Deadlines are needed when there is an offer on the table or the offerer may decide to withdraw it.
Creating an artificial multiple offer situation can result in no offers because some buyers do not want to compete in multiple offer situations.
Let me repeat this. There are buyers who will not make an offer on a home if others are also making offers.
An agent recently called me to tell me that one of my buyers may be interested in his listing but he has an offer but if my client can look at it right away and make an offer they will extend the deadline for highest and best offer. Nice!
Home sellers can only accept one offer and if it is a good offer they might want to accept it before the offer gets away.
Make sure you list your house with an agent who knows how to handle multiple offers. It could mean the difference between getting multiple offers or not.
I walk a lot. At least three miles a day, often closer to five or more miles a day. Many of those miles are in the downtown St. Paul area. I can tell you the sidewalks in St. Paul are a challenge. There are a lot of cement heaves caused by tree roots and actual potholes in many locations. I have tripped more than once and gotten injured more than once.
People walk down the street in downtown St. Paul without ever taking their eyes off of their phones. Usually, they are moving slow enough so that I can stay out of their way.
In the downtown area, there are places where it is impossible to ride a bike in the street so people ride the green Nice Ride bikes up on the sidewalk.
There are other obstacles too like entire restaurants on the sidewalk leaving a thin walking path right next to the pothole-filled street with no bike lane.
Crossing a street at an intersection is a challenge. I end up yelling and pounding on car hoods to get them to see me. I have been thinking about getting some kind of a flag I can wave.
Now there are electric scooters on the sidewalk. I am told that it isn’t safe to ride them in the streets downtown so they ride on the sidewalk. Apparently, the train tracks and potholes are just too much for them.
What could possibly go wrong with scooters on the same bumpy broken sidewalks where people dine, walk, look at their phones and ride bikes?
Walking can be a good source of exercise. We should be able to safely walk on city sidewalks. How walkable a neighborhood has an impact on property values.
Ten-day inspection periods are common. The buyer makes an inspection contingent offer on a home. The inspection period starts the day after the final acceptance date on the purchase agreement. If there is no final acceptance date then I guess the ten-day period could start anytime.
During that ten-day period a few things need to happen:
The buyer has inspections and tests done at his or her expense.
The buyer decides if they will ask for repairs or not.
If the buyer asks for repairs the seller reviews the repairs and responds with a yes, or a no, or a counter of some sort.
Both parties agree in writing to the repairs.
That is why it is important to get the inspection done as soon as possible or ask for a longer than 10 day inspection period. If the ten days run out before there is an inspection then technically the buyer just bought a home.
I do everything I can to make sure no one is buying a home without an inspection no matter which party I am representing. However, I don’t make up the rules or the laws and it is up to my clients how they want to handle all of this. I can only advise them.
Sometimes the inspection is all done but one part or the other needs to research the repairs and get a price. As I have mentioned before sellers should not commit without knowing if they can get the work done or how much they will cost. Negotiations will need to go beyond the stated inspection period.
If extra days are needed for research the inspection period can be extended if both parties agree and sign an amendment.
Occasionally sellers just won’t respond. In that case, rather than letting the inspection period expire buyers may want to cancel the contract while they can still do so without penalty.
Inspection periods used to be separated. Buyers had X number of days to have the inspection, sellers had X number of days to respond and both parties had X number of days for negotiation. Many of us prefer the old system but it wasn’t perfect either as parties would disagree over which day or period was which and when they started or ended.
Occasionally for houses that are going to sell with multiple offers, the buyer will have an inspection done before making an offer or waive the inspection. I am not a fan of waiving a complete home inspection for any reason. Third party inspections protect buyers, sellers, and real estate agents.
It should be noted that even if the contract states that the sellers can continue to show the house the showings will slow down or stop once the seller has accepted an inspection contingent offer. Sellers can only sell to one party but can collect offers during the inspection period as backup offers.