What Your MGM Liquor Warehouse Purchases Purchased
This amazing house on Gray’s Bay in Wayzata (16500 Grays Bay Blvd) is proof that Twin Cities residents like to drink. Why? Because the CEO of MGM Liquor owns it. It’s currently on the market for $2,895,000. 500 feet of Lake Minnetonka lakeshore, a pool, party room, and an incredible wine cellar (of course). Five [...]
Absentee Owner Issues: The Data Challenge
Slumlords have an information advantage over people who give a crap about their community. For example, the Hennepin County property website provides information on individual properties, but doesn’t allow people to cross-reference by owner. Once a problem property is identified, it would be valuable to be able to cross reference other properties owned by the [...]
Who Owns Lyndale Avenue North? – A Look at Home Owner Occupancy Rates
I’ve been curious about how crime and home ownership relate for a while now but haven’t had a chance to look into it. However, I think I’ve now figured out some ways to crunch some local data, so may be working through some posts on subjects in this realm in the future.
Here’s one example [...]
Howe School May Become Senior Housing
Two closed schools in South Minneapolis may see new life as Senior Housing projects, according to the report below from 12 Ward Citycouncilperson Sandy Colvin Roy’s newsletter (Sign up to receive it here):
Senior Housing Proposed for Howe and Northrup School sites
Minneapolis Public Schools has entered into an agreement with United Properties (UP), the developer of [...]
Minneapolis Association of Realtors’ Market Videos
Real estate charts and cheesiness? That’s right in my wheelhouse. MAAR provides some interesting perspectives into the local real estate market without the “now is a great time to buy” spintasticness you tend to hear from anyone directly tied to closed real estate transactions:
via Jason Sandquist
Eden Prairie Community Video from Coldwell Banker
Coldwell Banker recently added a YouTube video channel where, among other things, they’re creating community videos.
Here is there take on Eden Prairie, where they show some example properties along with local venues like the Conservatory in St. Paul’s Como Park:
I’m not sure why they don’t play up the easy access to big box retailers. [...]
Mining Marginal Real Estate Listings for Great Deals
I’ve written before about what real estate agents should do if they’re interested in helping their clients sell their homes quickly for the highest price possible. Lots of high quality property photos do the trick. It’s not the only trick, but it helps prospective buyers decide whether a house is worth visiting, thus worth buying.
But [...]
MAAR Update on Local Real Estate Market
What does the local real estate market look like these days? Well, that depends which angle you look at it from. The head and future head of MAAR (Minneapolis Area Association of Realtors) break it down in the following video (Warning: this doesn’t have the energy of Jim Cramer, but they do a nice job [...]
Twin Cities Real Estate: Better than SoCal
Zillow has crated a map illustrating which parts of the country are currently feeling the most pain on recent home purchases. A sizable chunk of people who’ve purchased homes in the past 5 years currently owe more on their mortgage than their home is worth.
The good news in the Twin Cities? At least we’re [...]
Questions for Real Estate Agents
Sellsius Real Estate Blog has a great list of questions worth asking your prospective real estate agent.
I’m particularly fond of this one:
5. Are your fees negotiable? If they say no, leave. All real estate agent compensation is negotiable. There are many ways to go, from a flat fee to a traditional % of the sales [...]
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