Number of showings
The chart shows how many appointments are made to see homes throughout the metro area. Activity really increases this time of year. The weather kind of slowed things down in January and February of 2014 and that shows up on the chart.
One reason the number of showings go up in the spring is because there are usually more homes on the market for buyers to visit.
If you have a home and no one is coming to look at it that is a clear sign that something is wrong. Either your home isn’t being marketed and advertised or it is priced too high.
Sometimes a home will get a lot of showings but no offers. That usually means that the price is too high or maybe the house needs a little work and that is scaring buyers away. Generally sellers who are interested in selling will need to change something in order to get an offer.
After about 10 showings with no offers I like to do an analysis of other homes on the market in the area. Have similar homes gotten offers recently?
What are the people who are looking at your house saying about it? Is there something in the feedback that really stands out?
First Time Home Buyers
There are all sorts of things that can scare home buyers, especially first time home buyers. As a real estate agent I am never going to say it is all OK even if it is. I encourage all homebuyers to get a complete home inspection conducted by an expert.
For people who are interested in accurate and in depth information about home health hazards I like to send them to the Minnesota Department of Health web site. Where they can go to the healthy homes section where they can get information about mold and formaldehyde and radon and air quality.
The Minnesota Health Department is a great free resource if you want to know if you should be worried about the mold in the basement or if it is just mold in the basement. Most of the health hazards found in homes can be remediated.
Knowledge really is power.
First Time Home Buyers
I write about this every year. If you are buying or selling a house be careful about what you post about it on Facebook, twitter or any other social media site. Sometimes I find information that helps me negotiate on behalf of my buyers or sellers. My clients also find information that can help with a negotiating strategy.
First time home buyers in particular will ask their friends, family and co-workers for advice. Sometimes they put it all out there on Facebook or even on a blog that anyone can read. It isn’t hard to get five different opinions on a real estate related issue. Almost everyone is an expert especially if they have purchased a home and most people are willing to give advice.
Sometimes buyers or sellers will say something unkind about the other party in a transaction on social media. It is much easier to negotiate if we leave personal feelings and drama out of the equation.
Sometimes buyers will let everyone know that they desperately want to buy the home which will weaken their negotiating position if the seller finds out or at the very least sellers will know they have the upper hand.
While negotiating with buyers or sellers it isn’t a good idea to share too much with friends and family until it is over.
Also when getting advice on buying or selling a home keep in mind that real estate is local. Rules, laws and business practices from other parts of the country may be meaningless in the local real estate market. People who are local but have not purchased a home in the last decade may be unfamiliar with current contracts and law.
On Friday my daughter got married right in downtown St. Paul.
The short ceremony was held at the Union Depot and then we had a lovely dinner and some wine at Christo’s also in the Union Depot, and then went across the street to Bedlam for drinks and dancing. The bride and groom spent their wedding night at the Saint Paul Hotel. Our downtown has several gorgeous places to have a weddings. The Union depot is well lit and immaculately clean. In my humble opinion it doesn’t need any decorations, but we could have included them.
Saint Paul Union Depot
It is Friday and Fridays are for fun. Every now and then I see a sign that makes me wonder.
No children in basket
I could tell by looking at the basket that there weren’t any children in it. Since the basket is in a store I wonder if the basket was full of children and maybe they had a special and the children were all sold. Maybe the sign is there so that the people who stock the place are made aware of the fact that there aren’t any children in the basket.
Yes I am probably over thinking it.
Today is the first day of spring and my daughter is getting married today so leave me along and have a wonderful day!
First Time Home Buyers
Some of the home buyers who come to me looking for a real estate agent already have one, but it isn’t working out so well. Often what they tell me is that their agent doesn’t really know St. Paul and is either getting lost all of the time or trying to talk them out of living in St. Paul and into living someplace else and are often unable to answer simple questions on the spot.
There are all kinds of real estate agents who list St. Paul on their web sites as an area that they serve, but many of those agents have never sold a home in St. Paul, and many know very little about our fair city except that “St. Paul” is a mighty fine keyword for web sites that are designed to capture leads.
I don’t make this stuff up I learn it from my clients. There isn’t any shortage of experienced real estate agents who know St. Paul. Don’t settle for anyone who isn’t an expert.