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water runs with the property

faucetIn Minnesota water bills belong to the property. If you sell your home and there is an unpaid water bill the new owner will be responsible for paying it.  Usually when we close the seller signs a document agreeing to pay the final water bill.  They can be expensive and Saint Paul Water always gets their money and can turn the water off if they don’t get it.

Electricity, cable and old school telephone bills belong to the person who signed up for the service. If someone moves without paying the electric bill the bill will follow that person and the electric company will hunt them down.

 

For Home Sellers

Staging is important

The home owners I work with are sold on the idea of staging but the idea can be taken to a ridiculous level. I am going to be honest and just say that I don’t know if your home will sell faster and for more money if your couch is against the wall or pulled away from the wall.

chairWhen I work with home buyers they don’t reject a home or offer less because the dining room table is set with dishes they don’t like yet sometimes homeowners will agonize over the choices.

In general your home should go on the market clean and in good repair without a lot of clutter or colors that are hard to work with.

Neutral colors on the wall are best so that perspective home buyers can picture the home with their own belongings in it.

Moving a rug or a couple of pieces of furniture may make your home look more appealing to perspective buyers but staging is not an exact science there is more than one staging solution for each room. It is more of an art.

Home sellers who have had their homes on the market for a couple of months should not expect it to sell this week just because they re-staged a room.

In my experience the home owners who are the most concerned with staging sell their homes the fastest probably because they are motivated and usually cooperate with the sales process and are willing to do most anything that will help them sell.

For Home buyers

Waiting for a better offer

doorIt doesn’t matter if we are in a sellers market or a buyers market, sellers always wonder when they accept an offer if they should have held out for more or waited for a better offer.  They want to know what is behind door number 2 and sometimes there isn’t a door number 2 for a long, long time.

If your home is on the market and a buyer makes an offer, work with that buyer even if your home has only been on the market for a few days.  The first offer could be the best offer especially if it comes the first week the home is on the market.  Home sellers never really know what is around the corner or when that first offer will come.

Many get anxious during the first few days even though some types of homes take a few months to sell. I had one seller who wanted to give up after 3 days because there were showings but no offers. The offer came on the 4th day and it was a good one. Most homes do not get any offers that very first weekend on the market. The average number of days the St. Paul homes that are currently on the market have been for sale is about 58 days.

Friday fun

Up North

It is Friday and Fridays are for fun. I have worked all summer and am not having any fun but I did take this picture of the buffalo up in front of Eichten’s Cheese and Bison farm near Center City Minnesota on US 8.  Taking the photo is the most fun I have had all summer other than that one night when I had the really strong drink while dining with my husband right here in good old St. Paul.

buffalow

For those of us who live in the Cities going up North is always fun even if it is just for a little while to shoot a buffalo. For the people who live up north coming down to the cities on the weekend is fun.

Have a great weekend!

For Home buyers

Home sellers from the 1980′s

ake-classified-ad-newspaper-business-conceptIf you have not bought or sold a house since the 1980′s or 1990′s you might be surprised at how different buying or selling a home is today than it used to be. The process has changed and so has the way we market homes for sale.

Newspapers stopped being the best way to advertise or find a home and most buyers look on the internet. With the internet we can provide color photographs of all of the rooms and narrative rather than just a black and white picture of the front and a bunch of abbreviations.

Most real estate agents are aware of how technology has changed selling real estate and so have most home buyers who get on the internet and start shopping months before they are ready to buy. However we still run into homeowners who don’t understand how the internet has changed how we market homes and look for a real estate agent who will market their home the old school way.

Advertising on the internet reaches a much larger pool of potential buyers then a newspaper ad or an open house. Home buyers are on the internet searching right now.

Selling in 2014 means using the internet and photography is more important than ever before and each picture really is worth a thousand words. Those pictures need to be on internet and on the sites where home buyers are searching for homes for sale.

They also need to be on the web sites that real estate agents use to search for homes because home buyers often work with real estate agents who find and recommend homes.

If you are working with a real estate agent to sell your home and you don’t see that agent advertising in the newspaper or holding open houses don’t panic. If your agent is responsive and answering phone calls and responding to email and advertising your home on the internet with stunning photography then your agent is doing what is needed to sell your St. Paul home in 2014.

It is the buyers who are dictating how homes are marketed and they expect to be able to shop for homes on the internet. Sellers who believe in the old ways can still find real estate agent who can help but there is not evidence that newspaper advertising or even open houses actually help sell a house.

Downtown

Urban Flower Field

The corner of Robert street and 10th sure looks different with the new Lund’s store the Penfield apartments  and the temporary art installation on the Pedro Park site. Here is a look at “Urban Flower Field” not yet in full bloom.

park

Urban Flower Field

Click on picture to enlarge.

Contact

Teresa Boardman
Realtor®, MN,
Licensed Broker
Saint Paul Home Realty
651-216-4603
teresa(at)tboardman.com
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