Don’t buy or sell real estate right after a breakup

Bleeding heart

People do not make the best decisions right after s divorce or a death. Rebound real estate can end up being the most expensive real estate of all.

Right after the holidays, I start getting calls from people who want to move. For some of them, the move will be because of a divorce or a break up with a partner. They wait until after the holidays and then begin making plans.

Some will want to buy another house. I call it a rebound house. Please think before you buy the rebound house because it is the home purchased shortly after a divorce or the break-up of a long term relationship. The rebound homes that are purchased don’t always work out in the long run. Go out and rent an apartment and give yourself a year or so before buying real estate.

During breakups, people often look at their move as moving away from something or someone. It might be best to think in terms of moving toward something like a new life. Where do you want to be? Where do you see yourself in five years? If there is no mental picture then making a long term commitment like buying a home is not the best choice.

I have listed homes for a few people who bought the home shortly after a break-up. In each case, they felt they owned it for a short time and felt they had made a mistake. They did not look at enough homes, they got themselves in over their heads financially, or they just paid too much for what they bought because they wanted to get on with their lives and in their haste failed to do their homework.

Buying a home is a big step, please wait until you are ready to make a good decision.

The poopless moose

It is Friday and Fridays are for fun. The holiday season was a little rough at my house. We had a death in the family and then a week later our dog crossed the rainbow bridge. There is more but Fridays are for fun. . . .

There was one highlight for me over the holidays and that is when I went shopping on Christmas Eve and I liked it. I went to a Rosedale Mall. I’ll admit it has been a few years since I have shopped in a mall. It was fun to look in the shops and see things I have never seen before. I bought some jewelry, candy, and sweaters to give as gifts to my family and friends.

I also enjoyed the moose at the mall. There is just something about a giant moose, especially one that doesn’t poop.

moose
Poopless moose
moose
moose

Small business Saturday 2018

Brick commercial buildings on west 7th street
Businesses on West 7th

I am not much of a shopper but today is small business Saturday and I will spend money in my own community. I’ll start the day by buying some donuts from a local bakery for my dad. Later I’ll grab a cup of coffee at the local coffee shop. Throughout the holiday season, I’ll choose small neighborhood restaurants.

Shop local because it is good for the community and most of the money you spend will stay in the community. I am a small business owner. Profits from my business get spent right in my neighborhood.

Don’t wait for small business Saturday. Buy local all year long.  Don’t spend your whole life working for someone else. Think about starting your own local business. Consider Boardman Realty for help buying or selling real estate. We are small and locally owned and woman-owned and operated.

Happy buy nothing day

It is Fridays and Fridays are for fun. Most people have heard of Black Friday but have you heard of Buy Nothing Day? The day after Thanksgiving is also International Buy Nothing Day. Buy nothing day has been around since 1992 but it doesn’t get much attention.

It is also Free Park Friday at all Minnesota State Parks. Our state parks are lovely places to go and buy nothing.

Black Friday should be epic this year. Unemployment is low and people seem to be generally optimistic about the economy. I can totally understand why people are out taking advantage of the Black Friday sales.

I’ll be celebrating buy nothing day because I can. I’ll spend part of the day planning how I’ll give gifts to family and friends this year without buying anything new.

Christmas tree, Landmark Plaza, Downtown St. Paul – Rice Park is closed for reconstruction.

Who pays for the photography?

When selling a home photography is more important than ever before because homebuyers and their agents shop for homes on the internet.

Amazing photography is rarely free. Someone has to pay for it. Often the real estate agent listing the home will pay for the photography. Many of us consider it an essential part of marketing a home and provide professional photography for each home we market.

Some agents ask the homeowner to pay for photography. Either way works. If your home is on the market and your agent used his/her iPhone to photograph it. Ask for professional photography. If you have to pay for it yourself it is worth every penny . . . assuming the pictures are commercial quality.

 

craftsman style dining room
Dining room with built ins

People do not move as often as they used to

Moving isn’t as popular as it used to be.  I know that older people are less likely to move than younger people are and our population is aging. Younger people are not moving as often either mostly because not as many are moving for jobs.

I’ll admit I haven’t moved in almost 30 years.  I haven’t had a reason to move. We usually move because of some life event like getting married, or divorced or having children, becoming empty nesters, retiring, the death of a spouse or old age.

When I started in real estate I was told that on average people move once every seven years. Now it is once every ten years.

According to the U.S. census bureau moving is at a historic low.

Moving in America[Source: U.S. Census Bureau]