True story about radon gas and a house

Once upon a time, I helped some homeowners sell their house.  They had only owned it for a couple of years and had purchased it with the help of a highly regarded “top” agent with a well-known real estate company.

I couldn’t figure out why they weren’t working with her again.

They showed me the radon mitigation system that they had installed. They told me about how the agent they worked with told them that they didn’t need to test for radon before buying the house. She said that no house in the neighborhood had ever had high levels of radon.

The truth is most of the homes in the area had never been tested. Houses with low levels of radon can be next door to houses with high levels of radon gas. In fact radon levels can be high in any part of St. Paul. In fact levels are higher in the sout eastern part of the state than they are in many other places in the country.

My clients had the house tested after they bought it and the radon levels were high. Radon gas can be anywhere and is a known carcinogen. Go ahead and get that radon test. If at all possbile have it done before the closing.

As for the agent. I am just going to point out that a person doesn’t have to be ethical to become a “top” agent.

How about those rates!

I know I sound like an old person when I mention that when I bought my first house 9% was considered a good rate. Houses were less expensive back then in the late 1980s and real wages were probably about the same.

Borrowers with the highest credit scores get the lowest interest rates.

A decade ago rates were about 2.5% higher than they are today and were considered very low.

chart with mortgage rates
Mortgage rate survey

Minnesota home sales and prices

Competition for scarce housing stock defined Minnesota’s real estate market in June, pushing the median sales price to a historic high of $325,000, up 18.9% above June 2020. Closed sales rose 12.9% over last year, and a surge of new listings brought 11,908 properties to the market, a 6.5% increase. According to Minnesota Realtors 

Keep in mind these numbers are being compared with June 2020. As you may recall there were stay-at-home orders in place at that time and there was civil unrest and there were curfews.

Cash offers are on the rise and the demand for expensive housing is strong. Right now it seems like all housing is expensive. I would build some more if I could.

 

Info graphic of real estate transactions
Minnesota real estate activity June 20201

Kind of post pandemic

It is Friday and Fridays are for fun. In my household, we have been slowly recovering from the pandemic. It isn’t over but right now but I don’t want to think about that today.

We went out to eat in a restaurant for the first time since February of 2020. We spent the weekend with a family member we haven’t seen in 19 months.

It was fun and exhausting and for the first time in a long time life felt “normal”.

 

sumer photos
Summer

 

 

Senior housing and “resources”

My father ended up in the hospital at the age of 85 and it became apparent that my parents needed some help. My mother, also 85 was suffering from dementia. They had some in-home services and were getting meals through the meals o wheels program.

When I met with the hospital social worker it was the first time I was introduced to “resources” for seniors. The social worker printed 20 pages with names and web addresses for a variety of senior services and housing options.

None of the information was vetted and it could all be found on the internet. I was actually looking for recommendations and a little help.

If you are elderly or are caring for elderly parents or grandparents you will be offered “resources”. To be honest they are less than helpful. Sometimes people who are experts or counselors or social workers are also salespeople.

The salespeople do not identify themselves as salespeople but once I became familiar with the business models I understood why the free resources were not helpful.

There is one free resource that is actually a resource and that is the Senior Linkage Line. I have a link to the website on my right sidebar.  It is the go-to place for seniors who are interested in senior housing, particularly assisted living.

Linkage Line is a service through the Minnesota Board on Aging and is free. It usually doesn’t show up on lists of “resources”.

“The Minnesota Board on Aging (MBA) works to ensure that older Minnesotans and their families are effectively served by state and local policies and programs, so they can age well and live well. The MBA does this through its three major roles: administrator, advisor, and advocate.” [MBA mission statement]

Most of us don’t want to be sold to but sometimes we need advice or we need to know what our options are.

The lockbox in the smelly creepy alley

There is marketing and there is marketing. I was showing condos the other day and it seems that there is a new location for Realtor lockboxes for one of the condo buildings. They are in the narrow dark dirty alley right on the wall right next to the dumpsters. 

The prospective buyer gets to smell the garbage and gets a good feel for the worst aspects of living in the area.

I found a lockbox at the top of a rusty flight of stairs in a pile of pigeon poo. I’ll bet the seller has no idea.

First impressions are so important and so is safety for the lockboxes and for the people who are using them.