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Rochester MN Real Estate Market Blog

by Realtor Shawn Buryska of Coldwell Banker Burnet

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Entries Tagged as 'Real Estate Articles'

Get a Fresh Outlook with a Fresh Coat of Paint

August 17th, 2010 · No Comments

Painting your whole house, or even just one room, not only makes your home feel clean and bright, it also gives you the opportunity to declutter, reorganize, and refresh your space. This allows you to enjoy your home even more and makes it that much easier to sell when the time comes.

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Tags: Real Estate Articles

Getting Your Home Sold in a Tougher Economy

July 12th, 2010 · No Comments

With interest rates at a 50+ year low and high levels of housing inventory for sale, it certainly should be a buyer’s market.  Rising unemployment rates and increasingly tighter requirements to get financing are keeping the buyer pool in check, especially as the home buyer tax credit becomes a distant memory.  As more homes compete [...]

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Tags: Real Estate Articles

Timing the Market: To Sell or Not to Sell in a Down Market

June 7th, 2010 · No Comments

Every book I have read on trying to time the stock market says don’t. Most financial advisors recommend getting in and staying in with the proper asset allocation for your particular risk tolerance. When the market is up you’re in good shape, and when it goes down you have some protection built in through your [...]

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Tags: Real Estate Articles

The Value of Having Someone in Your Corner: Why You Want a Buyer’s Agent

May 10th, 2010 · No Comments

Some buyers balk at working with a buyer’s agent because they are concerned it will cost them money. This is understandable since it is customary to sign an agreement with the buyer’s agent defining their compensation as a percentage of the sale price. Rather than see this as a cost, see it as a protection [...]

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Tags: Real Estate Articles

Paying for a Pre-inspection Can Save You Money

April 8th, 2010 · 1 Comment

For years now, we’ve been recommending that home sellers pay for a professional home inspection when they list their home for sale so that both parties know the home’s strengths and weaknesses before an offer is ever made.  Savvy home sellers understand that paying for a professional home inspection can help them better position their [...]

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Tags: Real Estate Articles

How Not to Sell Your Neighbor’s Home

March 10th, 2010 · No Comments

Sellers typically focus on what list price will sell their home quickly and for top dollar.  But when your home isn’t the only one in the neighborhood for sale, your asking price can actually result in selling your neighbor’s home instead. How? If your home is priced too high, it can make your neighbor’s home [...]

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Tags: Real Estate Articles

The First Offer is Usually the Best — Why Initial Pricing is Critical

February 17th, 2010 · 2 Comments

There’s an old real estate adage that the first offer you receive is usually the best one, and my experience in 20+ years as a Realtor supports this.  I’ve encountered several listings where the seller received an offer early on, made a stiff counteroffer back to the buyer and the buyer headed for the hills. In [...]

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Tags: Real Estate Articles

Rochester Area Market Conditions – February 2010

February 17th, 2010 · No Comments

It’s February so it’s not too soon for crocuses and “for sale” signs to start popping up in front yards all over town.  New listings were on the upswing in the first month of the year, heralding the beginning of the spring market.   The number of total active listings in January, 2010 was up 44% [...]

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Tags: Real Estate Articles · Real Estate News

Foreclosure Sales – Worth the Extra Effort

June 9th, 2009 · No Comments

In the current economic climate, foreclosure sales are increasingly common.  Frequently these properties are appealing because they are priced to sell, often well below market value.  However, there are several obstacles and pitfalls that a buyer can expect to encounter.  The savvy buyer knows that forewarned is forearmed and approaches the purchase of a foreclosure [...]

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Tags: Real Estate Articles

Tax Credit Available for First Time Home Buyers

December 17th, 2008 · No Comments

Amid the economic upheaval, there is good news for first-time home buyers – a tax credit of up to $7,500.  Even better – the definition of first-time home buyers includes those who have not owned a principal residence in the three year period prior to purchasing a qualifying home. The tax credit, established through the [...]

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Tags: Real Estate Articles · Real Estate News

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Recent Real Estate News

2010-08-30

Monday Morning Rochester Area Real Estate Market Update
The Rochester real estate market saw a significant reduction of new listings coming on the market with only 26 new listings verses 57 for the same week last year.  Sales were steady with 26 homes pended last week compared to 27 for the same time... read more