As a first time home buyer you may imagine how the process works. You decide that if you want to pay X amount for a home you have to offer less and then the seller will meet you half way which is the number you had in mind. As the seller you decide you want X amount so you are going to list your home for a higher amount because you know buyers will offer less. Instead you don’t get any offers until you lower the price and then the offers are less than the asking price as expected but less than you would have gotten if your home had been priced correctly in the first place.
It doesn’t matter how well you plan or what your strategy is because people are unpredictable and full of surprises. Having a lot of information and an open mind if the way to approach the process.
As a home owner who wants to sell you may have already made an offer on another home or maybe you have your eye on one. You are looking for a solid offer from a buyer. Conventional financing from a buyer who is making a significant downpayment and putting up some serious ernest money and not asking you to pay buyer closing costs. An offer that isn’t contingent on the sale of another property.
Instead you get a weak offer with a small down payment and an earnest money check for $1000 and a love letter outlining how much the buyers love your house and how they plan on living in it forever and they will have and raise their children there too. As a seller you really don’t care what happens to the house after you move out.
Buying a home or selling one really isn’t a game it is a large financial transaction and should be treated accordingly. I have to say though most anything can happen. People can be unpredictable and just about the time we assume they will behave in a certain way they behave in some way that we never anticipated.
Cats roam free in my neighborhood and they make little cats too. There are people who believe that it is alright to let their cat roam free and that cats are outdoor pets.
The house cat has long been listed among the 100 most dangerous invasive species. They kill millions of birds and other small animals each year to the point of extinction. A cat is a pet when kept inside but once when outside it is a heartless killer.
“If we extrapolate the results of this study across the country and include feral cats, we find that cats are likely killing more than 4 billion animals per year, including at least 500 million birds. Cat predation is one of the reasons why one in three American bird species are in decline,” said Dr. George Fenwick, President of American Bird Conservancy [wildlife management institute]
There was a study that shows that they only bring home about 25% of what they kill. They eat some of what they kill but they leave a lot of it where they killed it.
Being a free range cat in St. Paul is not good for the cat either. Here are some statistics for St. Paul:
200 cats are killed annually in traffic
Life expectancy of a cat allowed to roam is only three to four years
Confined cats can live beyond 14 years
Over 1,200 cats are picked up each year by animal control
Roaming cats may be a nuisance by urinating and defecating in sandboxes and gardens
Outdoor cats are susceptible to injury or death from other predatory animals
Outdoor cats are predators to wildlife such as birds
It is Friday and Fridays are for fun. Spring is by far my busiest time of the year. I don’t get to go outside and play nearly as often as I would like. I like to walk instead of driving just so I have some time to myself to enjoy the season. I see so many things when I am walking that I wouldn’t really notice if I drove. Here is a collage of photos I took on my walk from my home near Irvine Park to CoCo (my office) in downtown St. Paul.. . . yup it was fun.
Every home is unique but sometimes averages are kind of fun to look at. The chart has some statistics for the average St. Paul home that was sold in April.
DOM = days on market
CDOM = cumulative days on market
PDOM = Days on market since price reduction.
FSF = finished square footage.
TFSF = Total finished square footage
FSZ = foundation size
These numbers as far as the size and age of the home and the number of beds and baths do not change much from one month to the next but prices and days on market do changed.
I just love numbers but have been so busy these past few weeks I almost forgot to publish the numbers for April 2016. Traditionally we see the greatest number of home sales in April. The number of homes on the market is starting to climb a little which does make things a little easier for buyers. The median list price was only $100 dollars more than the median sale price which I think it kind of interesting and a little unusual.
The numbers use to make the table were gently extracted from the Northstar MLS which is deemed reliable but not guaranteed. I use this data because around 90% of homes sold in St. Paul are listed in the MLS (multiple listing service). Data from our MLS is fed to numerous other web sites that people use to find homes for sale. The data I extracted is for the Month of April 2016 and includes all homes that were listed or sold in the city of St. Paul. Rental and commercial properties are not included.
Even though there are now more homes on the market than the numbers we have seen in prior months it is very much a sellers market. Multiple offer situations are common. Come back tomorrow for more numbers.
For more local real estate numbers please see Local market conditions & home prices