3 Reasons Why Your Offer Gets Rejected

May 19th, 2016

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Selling a home? Click here for a FREE Home Price Evaluation

There are plenty of reasons why an offer might not be accepted, especially in the competitive Twin Cities real estate market. Particularly, there are three common reasons to know about, so you can avoid them in the future.

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  1. You come in too low. In an aggressive market with low inventory, it’s important to present a viable option to the seller. Your agent can provide you with invaluable sales data. You should come in low enough to score a great value if you have a strong negotiator, but don’t come in so low that the seller won’t take you seriously! Submit an aggressive, yet plausible, offer.
  2. The listing agent could be a jerk. Agents’ ego can interfere in transactions, which ultimately disservice to the whole real estate community. Yet, these people exist. They think their way is the highway and give poor advice to sellers. It’s important to match yourself with an agent who can handle these situations.
  3. That agent can have an offer themselves. This is a challenge. They might say things they shouldn’t. They might even have a buyer in their back pocket. In a multiple offer situation, step with your best foot forward and personalize your offer. I’d even recommend asking your agent to present the offer in person. That extra mile can make a big difference to a seller.

Hopefully, you find this information helpful when submitting an offer. You can always reach to me by phone or email. I’d be happy to help you in any way I can!

What Can You Expect From the Market Moving Forward?

May 2nd, 2016

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The reason for the recent increase in inventory in some areas is due to the fact that certain homes aren’t creating new buyers. There is a huge discrepancy between the number of homes of homes being sold and the number of move-up buyers in the market. Empty nesters looking to downsize and first-time buyers looking for smaller homes are the two groups making up most of the buyers in the market right now.

Many empty nesters are finding now to be a pretty good time to sell. Many bought homes at the bottom of the market back in 2011 and have held onto them until the market is in a better place. The time is now! Home values have recovered and are now back at pre-recession levels. This high level of appreciation probably can’t be sustained, so now is a great time to cash in on your equity.

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Since there are so many homes with a lot of value, and not a ton of buyers looking to buy them, we’re going to start to see prices soften. So, if you’re serious about making your move and getting the highest possible value for your home, you need to reach out to us and get the ball rolling today. Give us a call or shoot us an email at any time to discuss your options. We would love to hear from you!

Where Are the Best Places to Eat on Lake Minnetonka?

April 1st, 2016

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Today, I want to talk about some of the finest options available if you want to dine on the water here in the Twin Cities
. There is a lot of great stuff out there, so pay attention!

A few of our favorites are 6Smith, Cove, Bayside, Maynards, and Fletcher’s. All of these restaurants have great vibes and offer scenic views of the lake. However, sometimes the weather will determine which choice is best. Fletcher’s is great if it’s windy, Maynards and Bayside are not! Your lettuce may actually blow off the plate in those places if the wind is howling.

On a really hot day, you might not want to go to Fletcher’s because it’s an area that doesn’t get a lot of air flow! Bayside and Maynards are great if you want to get a breeze off the lake on a warm day. It really depends on the conditions.

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Really, all of these restaurants are great choices. Whether you’re going in your beach gear or you’re wearing your Sunday best, it doesn’t matter! Anything goes on the water!

If you have questions about the best places to eat on Lake Minnetonka, or if you have any questions about real estate in the area, please don’t hesitate to reach out to me! I would love to hear from you!

 

How the Exceptional Home Team Helped Terry by Being Honest and Accommodating

March 30th, 2016

“Jason was very thorough and great. I told didn’t want to be told anything he’d think I wanted to hear and just laid things out in black and white. They were very accommodating and ready to go whenever I wanted!”

How the Exceptional Home Team Helped Ron by Being Knowledgeable and Professional.

March 30th, 2016

“She sold my property within the listed time. She’s savvy and reasonably assertive. She knows the market and she’s very professional. She went above and beyond the call of duty in anything I requested of her!”

The Ice Out on Lake Minnetonka

March 15th, 2016

Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Price Evaluation


Today, we’re going to discuss something slightly different compared to previous videos:
the ice out on Lake Minnetonka. It’s been about 138 years since we had the ice go out this early. The earliest ice out on recorded is March 11. We’re extremely excited about this. If you know anything about me, you know I’m fairly obsessed with the lake and anything summer related.

How does this tie into real estate? With the ice out, our spring market has started. Our spring market typically begins in February, and it’s been going strong this year. The beautiful weather will help increase attraction to our area.

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They say rising tides raise boats. Hopefully, we can say the same for the real estate market! I will say that if you’re planning on moving this year, make your move as far from the election as possible. As November approaches, things can get more volatile. Make your move as soon as you can. Now is the opportune time to act in the surrounding Twin Cities area!

If you have any questions, give me a call or send me an email. I would be happy to help you!

How The Exceptional Home Team helped Erin with her transactions by always being available!

March 1st, 2016

 

“This being the third house I’m purchasing, the last two experiences and 15 years have been

great. This one was a little tricky, but it’s been good. For instance, Christy Kimbrel was in

off-site meetings and an out-of-state conference and she responded to my request in five

minutes. Every time I needed something she was responding to a text or phone call.”

How The Exceptional Home Team helped Jessica find exactly what she was looking for!

March 1st, 2016

 

“We found exactly what we wanted: a house with charm. It was a great experience. Every little

question and every little concern, they were on top of everything. I worked mainly with Marky

and Andy and they were just great.”

The Local Real Estate Climate in the Twin Cities

January 26th, 2016

Buying a home? Click here to perform a full home search

Selling a home? Click here for a FREE Home Price Evaluation 

The media reports low inventory and rates, yet we experienced slow sales in the last quarter. Professionals in the industry agree this could be from the lack of balance between buyers and sellers. We don’t have as many buyers as we have sellers!

Let’s go back to the housing crisis last decade. Some people weren’t affected by the economy change and decided to take advantage of low prices. However, many people weren’t able to sell. Many owners became landlords by default since they couldn’t successfully sell the property for top dollar. They rented the property for a handful of years, and now, they’re finally looking to cash out since the market has recovered.

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Normally, we experience 50% of sellers are also buyers. Right now, 75% of our sellers now are not buying. They already own a second property and already made the move. There are less domino effect transactions making this market less predictable. That’s the main reason for the market climate we see today.

If you’re interested in learning more about this topic or have any questions, we’re here and happy to help! Give us a call or send me an email today. It’s important to talk to the right people. I’m also open to any suggestions for future videos!

Come See Our Brand New Listing!

December 30th, 2015

Today we are very excited to announce our brand new listing, located at 28025 Boulder Bridge Drive. It is located in the Boulder Bridge Farm neighborhood, which we are going to give you a virtual tour of today.

44 residences encompass this highly sought after neighborhood. Association lakefront is equipped with landscaped patios, barbeques, and tables where neighbors meet to enjoy all the lake has to offer, including your very own boat slip. The sand beach and play areas are wonderful for families of all sizes.

The neighborhood winds through an enchanting wooded terrain with over 1.5 miles of landscaped trails, perfect for the golf cart.

Boulder Bridge Farm is more than just an accumulation of beautiful homes, as they host a full social calendar of seasonal events and other activities like a book club. A large, century-old barn serves not only as an original symbol of Boulder Bridge Farm, but serves as storage for all members of the association.

This is a neighborhood rich in history and preserved with distinction. You can enjoy refreshing and tranquil lake views as well as gorgeous sunsets overlooking Smithtown Bay and Lake Minnetonka.

With 40 dock slips, you’ll be able to take the family out for a cruise or do some fishing in the most convenient way possible. Boulder Bridge Farm may seem like a resort, but it feels like home.

It’s located in the town of Excelsior, Minnesota, which has its own long list of exciting attractions, which we show you in the video above.

If you have any questions, or want to schedule a private showing at this new property, give us a call or send us an email. We look forward to hearing from you!