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Seven Homes Sold In Richfield the week of April 07 - 13,  2014

Address  Price  Seller Paid  Bedroom  Bath  Sq. Ft.  Lender Mediated? 
             

7345 1st Avenue S
 
 $149,435  $0 3 2 2522 Y
             
  7420 Colfax Avenue S  $164,000 $2000  1 1125 N
             
 7324 17th Avenue S
 $190,000 $0 3  1519 N
             
 7527 15th Avenue S
 $198,800  $2500 4 2 1877 N
             

 6429 5th Avenue S
  $189,900  $0 3 2 2532  N
             
 
6904 Thomas Avenue S
 $190,000  $0 5 2 1309  N
             
  6526 5th Avenue S  $370,000
  $0 4 2 2001  N
             
             
             

 
   
 
 
 

 

www.STEVESCHNEEBERGER.com


Welcome to the best resource for searching for homes, provided by Steven Schneeberger, Keller Williams Realty

A home is not a home because of its room dimensions or the color of the walls. It is about how you feel when you walk through the front door. And the way you can instantly envision your life unfolding there.

This is about more than real estate. It is about your life and your dreams.

Different by design

Keller Williams Realty takes a different approach to real estate, one that is built on personal touches, win-win deals and positive results.

Steven Schneeberger utilizes the latest technologies, market research and business strategies to exceed your expectations. More importantly, we listen and that means we find solutions that are tailored to you.

 

How we can help

Thanks for starting your real estate search with us. This website is full of information for you whether you are looking to buy or sell.

After you have had the chance to review this information, contact me so we can tell you more about how we can help.

We appreciate the opportunity to earn your business.

 

There is a lot of free information available to you about buying, selling or investing in real estate. For complete information about the real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything real estate at www.steveschneeberger.com . So please feel free to contact me with any of your real estate or mortgage related questions and I will be more than glad to answer your questions. Call me on my cell at 612-581-7313 or email me atschneeberger@kw.com.

 

 

Five Homes Sold In Richfield for the week March 31 - April 06, 2014

Address 
Price
Seller Paid
Bedroom
Bath Sq. Ft.  Lender Mediated? 
             
  7209 Thomas Avenue S  $151,000  $0 3 1  1168 N
             

7226 Morgan Avenue S
  $200,000  $6500  3 2 1580  N
             
 2820 W 70 1/2 Street
  $190,000  $1000  3  2 1400 N
             

7526 Portland Avenue
  $230,700  $4614 3  2 2421  N
             
   6445 5th Avenue S  $329,000  $0 3 3 2550
 N

 

Just Listed! 6716 Russell Ave. Richfield MN 55423

6716_russell_ave_1.jpg


     This super cute bungalow is located in prime West Richfield.  When you step inside the front door, you'll first notice the living room with coved ceiling, hardwood floors and white wood trim.  The remodeled eat- in kitchen offers corner bench seating, quartz countertop with undermount sink, tile backsplash, white cabinets and white appliances.  There are two bedrooms on the main level plus an updated full bath.  

The wide open upper level serves as a master bedroom.  It features sculpted carpet, exposed brick chimney, tounge-in-groove pine ceiling and long, open closet.  There's a wall mounted, IKEA styled dresser and updated windows on both ends.

Downstairs you'll find an inviting family room with recessed lighting, wood laminate flooring and cheery paint color.  There's also a new 3/4 bathroom with ceramic tile floors and shower.  

The back yard offers a quaint patio space bordered by a corner privacy fence.  The detached one car garage has alley access.  This wonderful home is move-in ready. 

 

There is a lot of free information available to you about buying, selling or investing in real estate. For complete information about the real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything real estate at . So please feel free to contact me with any of your real estate or mortgage related questions and I will be more than glad to answer your questions. Call me on my cell at 612-581-7313 or email me atschneeberger@kw.com.

 

 

Six Homes Sold In Richfield the week of March 23-30, 2014

               Address  Price  Seller Paid  Bedroom  Bath Sq. Ft.  Lender Mediated? 
             

   6907 Knox Avenue S
  $176,000  $7910 2 2  1461 Y
             
   6220 4th Avenue S  
  $178,000  $5340 4 2  1778  Y
             
    2605 W 66th Street   $174,000  $0 2 1  1368  N
             
   6700 3rd Avenue S
  $206,000 
 $6000 4   1613  N
             
    6510 Humboldt Avenue S   $232.000  $7000 3 2 1762  N
             


7509 Wentworth Avenue
  $309,000  $9270 4 3 3464  N

 

What is the difference between market value and appraised value?


The appraised value of a house is a certified appraiser's opinion of the worth of a home at a given point in time. Lenders require appraisals as part of the loan application process; fees range from $200 to $300. 
Market value is what price the house will bring at a given point in time. A comparative market analysis is an informal estimate of market value, based on sales of comparable properties, performed by a real estate agent or broker. Either an appraisal or a comparative market analysis is the most accurate way to determine what your home is worth.

how.jpg

 

There is a lot of free information available to you about buying, selling or investing in real estate. For complete information about the real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything real estate at . So please feel free to contact me with any of your real estate or mortgage related questions and I will be more than glad to answer your questions. Call me on my cell at 612-581-7313 or email me atschneeberger@kw.com.

 

 

Three Homes Sold In Richfield for the Week March 17 - 23, 2014

Address  Price  Seller Paid  Bedroom  Bath  Sq. Ft.  Lender Mediated? 
             
7244 Penn Avenue S   $122,000  $0 2 1  1040 N
             
6501 Humboldt Avenue S   $192,500  $5000 3  2 1338  N
             
7308 Newton Avenue S   $208,900  $10000  2 2 1864  N
             

 

Tips for Crafting the Best Purchase Offer for a Property

 

Once youíve found piece of real estate that you like, the next step is the purchase offer. Buyers are oftentimes intimidated by what seems to be a complicated legal document. In reality, the purchase offer is much simpler once itís explained and properly understood. In this article, weíll give a brief overview of the purchase offer process, including the most important clauses to include in your purchase offer.

The purchase offer is a binding legal document that covers all the details of the sale. It includes the sale price, contingencies, financing details, closing costs, repairs needed, closing date and a lot more. 

The selling price is obviously the most important factor in a purchase offer. However, the clauses you include in your purchase offer are also vitally important. The clauses or contingencies in the contract are what protect you from making a purchase before you have all the information you need.

Some of the more important clauses to include in your contract are:

1) The Inspection Clause

On any property you put an offer on, this is an absolute must. This clause states that as the buyer, you have the right to inspect the property. The offer is contingent on your approval of the results of the inspection.

2) The Financing Clause

If you didnít have the financing clause and you backed out of the contract because you didnít qualify for your loan, you would lose your deposit. The financing clause basically says that the contract is contingent on you getting the loan youíre applying for.

3) Contract Assignment Clause

For real estate investors, this is an important clause. This gives you the right to ìflipî the deal to other investors or get other people involved if necessary. Basically, this clause removes you from being the only person who can close the deal.

These are some of the most common and most important clauses in a real estate purchase contract. Although the legal language in the contract can be intimidating, just realize that all the document is meant to do is protect the buyer, seller and their agents by covering every possible point before the purchase.

There is a lot of free information available to you about buying, selling or investing in real estate. For complete information about the real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything real estate at . So please feel free to contact me with any of your real estate or mortgage related questions and I will be more than glad to answer your questions. Call me on my cell at 612-581-7313 or email me at
schneeberger@kw.com.

 

 

Eight Homes Sold In Richfield the week of March 10 - 16, 2014

Address  Price  Seller Paid Bedroom Bath  Sq. Ft.  Lender Mediated? 
             
   6520 Emerson Avenue S  $118,000  $3540 3 2 896  Y
             

6321 13th Avenue S

  $152,600  $4578  3 1  1328  N
             

6314 Girard Avenue S

  $153,500  $0 3 1 1350 Y
             

 7139 Oliver Avenue S
  $172,500  $5000 2 1 1190  N
             
  7408 Elliot Avenue S   $192,000  $0 3 2  1330  N
             

7200 14th Avenue S

  $199,500  $0  3  2 14544  N
             

6314 Knox Avenue S

  $195,400  $5862 3 2 1691  N

 


6708 Columbus Avenue

 

  $223,500  $2000  4 2 1501 Y

 

How to Win Multiple Offer Bid without Losing Your Shirt

 

One of the worst things that can happen during the home buying process is to finally find your dream home, only to discover that someone else is already bidding on it. When this happens, how can you win your dream house without losing your shirt in the process? In this article, weíll cover some of the more important points to winning a multiple offer property in .

Tip #1 - Know Your Limit

Itís tempting to increase your bid based on emotions during a bid war. Buyers are often willing to pay more out of competitiveness, feeling that something they want is being taken away, or just plain rationalization.

This trap can cost you thousands of dollars. Instead, do your comparative analysis of the properties nearby, choose the highest number youíre willing to pay for this property and stick to it.

Tip #2 - Have a Real Estate Agent That is Looking Out for You

Remember that real estate agents are paid based on the selling price. There are agents that will look out for you and have your best interest in mind, while other agents would rather increase their commissions by convincing you to place a higher bid.

Itís important to have a real estate agent you can really trust during the process.

Tip #3 - Make an Impression on the Seller

Be more than just Buyer #2. Meet the seller and make sure they know what you love about the house. They usually love their house as well and want to sell to someone who'll love it just as much.

Have the seller know who you are. Even if your bid is slightly lower, a seller may sell you the property just because they like you.

Tip #4 - Remove Conditions

The less conditions you have on your contract, the better. Call up your loan officer and make sure you can get approved for the loan and remove the financing clause. The cleaner your contract, the more appealing it will be for the seller.

These four tips will help you bid on a property in without losing your shirt. Keep them in mind if you find yourself in a multiple offer situation

There is a lot of free information available to you about buying, selling or investing in real estate. For complete information about the real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything real estate at . Please feel free to contact me with any of your real estate or mortgage related questions and I would be more than glad to answer your questions. Call me on my cell at 612-581-7313 or email me at schneeberger@kw.com

 

 

Nine Homes Sold In Richfield for the week March 03-09, 2014

Address  Price  Seller Paid  Bedroom  Bath  Sq. Ft.  Lender Mediated? 
             
6914 11th Avenue S  $131,000
  $0   1256  N
             

7141 Portland Avenue
 $131,856  $0 3
 2
2090  Y
             
7401 Sheridan Avenue S  $149,000  $0 3 2 1388 Y
             

7415 Xerxes Avenue S

 $155,000
  $4650 2 1
 1089 N
             
 7320 Pleasant Avenue   $159,500  $4785 3 2 1822
 N
             
 


7301 17th Avenue S
 $185,000
  $5550  2 1322
 N
             
 


7208 Columbus Avenue

 $177,000
  $2000  1 1061
 Y
             
7004 Columbus Avenue   $209,900  $6297 4 2 1650
  N
             
6732 Sheridan Avenue S  $239,000  $0 4 2 2158
 N

 

Upcoming Listing! 6928 Logan Ave.

 6928LoganAve..jpg

This prime West Richfield bungalow has been lovingly maintained by its original owner and sits on a block with several large homes.  When you step inside the front door you'll first notice the formal living room with coved ceilings, wood burning fireplace and neutral carpet.  There's an adjacent dining area the leads to the kitchen.  The original kitchen was expanded to create a dining area.  It has white appliances: cook top, newer wall oven, dishwasher and refrigerator.  There are two bedrooms on the main level plus a full bath.  

The upper level master bedroom features pine paneling, neutral carpet, ceiling fan and a walk-in closet.  The lower level offers a rec room and a finished laundry room with newer front loading washer and dryer. 

Outside, you'll enjoy the private, fenced back yard.  The one car garage has an attached space that could be converted back to a screen porch.  

With a few low cost, cosmetic updates this solid home could be transformed into a wonderful gem.  

 

There is a lot of free information available to you about buying, selling or investing in real estate. For complete information about the real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything real estate at . Please feel free to contact me with any of your real estate or mortgage related questions and I would be more than glad to answer your questions. Call me on my cell at 612-581-7313 or email me at schneeberger@kw.com

 

 

Twelve Homes Sold In Richfield the week of February 24, 2014 - March 02, 2014. 

    
        
Address  Price  Seller Paid  Bedroom  Bath  Sq. Ft.  Lender Mediated? 
             
7215 Harriet Avenue   $124,000  $3720 2 1  866  Y
             
7213 Nicollet Avenue   $116,000  $0 4  1 1422 N
             
6909 5th Avenue S   $146,000  $0 3  2 1505 Y
             
6821 12th Avenue S  $140,000  $8070 3  1 1257 Y
             

6924 12th Avenue S
  $153,615  $0 4 2 1974 

 Y

             
709 E 68th Street  $172,400  $5172 3
 2
 1925
 

 Y

             
215 W 72nd Street   $168,900  $3378  3 2 1505 N
             
7421 Bloomington Avenue
$185,900
$3900
3
3
1410

Y

             

6810 Knox Avenue S
  $220,000  $0 3
  2  1864  N
             
6526 3rd Avenue S  $233,500  $6000  3 3 2007  N
             

7032 2nd Avenue S
 

 $265,900

 

 $6000

 

3

 

 2

 

1909

 

Y

             
6439 Knox Avenue S   $262,500 

 $7873

 

3

 

2

 

1754

 

 N

             

 

 
 

Real Estate Professional Discusses Tips For Selling Your Home Fast

 

The advantages to selling your house immediately are numerous. It will lower your stress level, since having the question of whether your home will sell while it's on the market hanging over your head can be quite unpleasant and stressful. The perceived value of your property can be greatly affected by the amount time it sits idly on the market. At the end of the day, a quick sale is better than a slower one one hundred percent of the time. This article will explain techniques and strategies that will help you sell your house in a timely and profitable manner.

You can increase your house's value by keeping you house in great condition. In order to command top dollar for your property, you need to inspire that "I want this house" reaction by making sure your house is in impeccable condition.
The kitchen and bathrooms are the key rooms to perfect. Ensure that the every one of the floors sparkle cleanly. Without question, there cannot be a spot of dirt or grime to be seen. The metal should show no signs of rust. You should replace any damaged fixtures.
Shower heads or toilets should be thoroughly cleaned,appliances. If they are unable to be cleaned appropriately for any reason, it's less expensive to replace them than allow them to adversely impact the selling price.
Spraying a little WD-40 will help solve the problem of squeaky hinges in your cabinet. Repair any holes you find in the flooring or walls.

You should have things that stand out.

If you have a central focal point when showing off to potential buyers, it can help tremendously in the sale. Things such as an amazing backyard, mahogany cabinets or a great fireplace can be focal points. Buyers in the beginning find irresistible psychologically and later decrease rationally. If viewers find one thing about your home that wows them, it will make a better impression.

A Realtor I once knew had been making effort for months to sell a property that was very bland. After a number of months with no type of action, she made the decision to purchase a extremely highi end large screen TV and put it right in the center of her living room.
After which she promoted the open house in every possible venue and made a point of letting every potential buyer know that the TV was included in the purchase of the house. Even though the house was weak, three buyers are ready to buy, as they liked the house very much.

Hire a Proficient Expert

Our last point is this: Hire an expert who is proficient at what they do.
Realtors have invested countless hours finding out the ideal way to handle sales and ensure you obtain the quickest sale possible for the greatest price.

Paying 6 or 7% to a broker is not expensive because he helps you to get a good price and quicker sale of your property. Generally, it works out to be more economical in the long run to work together with a Realtor.

Talk with an experienced professional about selling your house quickly, they can teach you a lot. If you require a consultation without shelling out a penny then all you have to do is just call me. 612-581-7313612-581-7313 otherwise write an email to me at 
schneeberger@kw.com.

Four Homes Sold In Richfield for the week February 17 - 23, 2014

Address  Price  Seller Paid  Bedroom  Bath  Sq. Ft.  Lender Mediated? 
             

6445 Xerxes Avenue S
  $127,500  $0 3  1 1056 Y
             

6914 Cedar Avenue S
  $124,000  $0 2 1  1638 Y
             


S 6640 Lyndale Avenue S #405

  $135,000  $7000 2 2 980 N
             

6804 Garfield Avenue S
  $235,000  $0 3
 3 1797 Y

 

How to find the right home.

 

 It would be a good idea to employ the services of a MN real estate professional.  They can act as your buyer's agent and since their commission is paid by the seller they will, in essence, be working on your behalf for free.  Some people will argue that not having an agent will mean you can reduce a home's price by the amount of their commission, but this is not true. 

When a home is listed with an agent the listing agreement clearly states the total commission that the seller will pay.  This total is usually split between the two agents 50/50.  If there is no agent representing you the seller is still obligated to pay the entire commission per the agreement.  So the listing agent gets paid more and you have no one to negotiate on your behalf.

Using a real estate agent means that they have up to date access to all of the information available. Unfortunately, if you try to rely on the internet you will come across homes that are no longer available.   You will also certainly miss homes that were not even placed on the internet at all.  Some agents only list homes in the listing services that agents have access to.  They totally rely on agents to find their listings in these services.

An agent can also do all of the legwork for you.  This includes setting appointments, gaining access to any home and knowing what to say and what not to say to sellers and agents.

Don't try to find your home by driving around, either.  You are not only going to miss something, but you may see a home you like and it might already be under contract.  Then you have gotten excited for nothing.

Newspapers and magazines are even worse.  The information is outdated in magazines and newspapers may delay publishing an ad until a certain date.  By the time you see it in the paper it may already be gone.

To learn more about the process of buying a home in , you can contact Steve Schneeberger with Keller Williams Realty Integrity Lakes at 612-581-7313.


Two Homes Sold In Richfieldon February 10 - 16, 2014

Address  Price  Seller Paid  Bedroom  Bath  Sq. Ft.  Lender Mediated? 
             
 7007 Oliver Avenue S   $125,000  $0  3  2  1838  Y
             
 

6504 Logan Avenue S
  $283,500  $0  4 3
  2174  N

 

How does someone sell a slow mover?

Even in a down market, real estate experts say that price and condition are the two most important factors in selling a home. 
If you are selling in a slow market, your first step would be to lower your price. Also, go through the house and see if there are cosmetic defects that you missed and can be repaired. 
Secondly, you need to make sure that the home is getting the exposure it deserves through open houses, broker open houses, advertising, good signage, and listings on the local multiple listing service (MLS) and on the Internet. 
Another option is to pull your house off the market and wait for the market to improve. 
Finally, if you who have no equity in the house, and are forced to sell because of a divorce or financial considerations, you could discuss a short sale or a deed-in-lieu-of- foreclosure with your lender. 
A short sale is when the seller finds a buyer for a price that is below the mortgage amount and negotiates the difference with the lender. 
In a deed-in-lieu-of-foreclosure situation, the lender agrees to take the house back without instituting foreclosure proceedings. The latter are radical options. Your simplest, and in many cases most effective, option is to lower the price.

 

There is a lot of free information available to you about buying, selling or investing in real estate. For complete information about the real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything real estate at . Please feel free to contact me with any of your real estate or mortgage related questions and I would be more than glad to answer your questions. Call me on my cell at 612-581-7313 or email me at schneeberger@kw.com.

 

 

Only One Home Sold In Richfield for the week February 3 - February 9, 2014

Address  Price  Seller Paid  Bedroom  Bath  Sq. Ft.  Lender Mediated? 
             
6501 1st Avenue S  $159,000  $0 3  2  1120 N
             

 

Should You Buy A New Home Or A Resale ? Real Estate Professional Steve Schneeberger Helps You Make Your Choice.

 

When you are looking to buy a home in MN there are obviously many choices to make and many different things to consider before finding a home that is right for you. Many buyers would like to know whether they should buy a new home or a resale. Both have their own unique advantages. When purchasing a brand new home directly from the builder you will get property that was never occupied by anyone else. You are therefore sure that you will get a home that is clean with no damage, odors or other problems. In addition, builders give you a warranty that covers the house for one year.

On the other hand, builders are seldom willing to negotiate on the price unless their company is in dire financial straits. Some may offer to pay a part of the closing costs, however they are not under any obligation to do so. You can always ask, but there is no guarantee that you will be successful.

 With falling revenues, a large number of builders are trying to find any way possible to save some money. Appliances used to be included in the price of homes before, but many builders now charge extra for them. Other things, such as window treatment or even garage door openers may not be present in the home. The landscaping will probably also be the bare minimum as well.There are many buyers who prefer to buy a resale from a private seller. There are many reasons for that. They can be sure that things like carpeting, window treatments and a nice yard will be taken care of. The main reason, however, is that sellers are a lot more willing to negotiate the price of the home and closing costs than builders. And this could save a buyer tens of thousands of dollars.

 Therefore, you should look at both new and resold homes to see what you are getting for the price that you will pay.

 If you want more info on selecting your next home, contact the local real estate expert Steve Schneeberger with Keller Williams Realty Integrity Lakes at 612-581-7313.

 

 

 

Six Homes Sold In Richfield the week of January 27, 2014 - February 2,2014

Address  Price  Seller Paid  Bedroom  Bath Sq. Ft.  Lender Mediated? 
             
7304 Portland Avenue   $124,900  $5874 3 1  1065  N
             
 

6938 17th Avenue S

  $147,000  $0 4 2  1642  Y
             
 7408 Vincent Avenue S   $152,000  $4560 2 1  1311  N
             

7600 Sheridan Avenue S
  $189,900 
 $4843  3   1761  N
             
7514 Nicollet Avenue   $198500  $0 5  3 2676  N
             

6300 15th Avenue S
  $199,000  $6167  3  2 2017  N

 

Practical House Selling Tips

 

As an experienced real estate agent in , I’ve helped many clients buy and sell many houses. In this article, I’m going to reveal some of the top practical tips I’ve found to help you sell any house in the market. By the end of this article, you’ll have a very concrete idea of how you can sell your house quickly, with little to no stress.
Stage Your House
One secret that real estate agents don’t like to share is how much better a staged home does than a home that isn’t staged.
Staging a home may seem like a daunting task for someone who’s never done is before, but it’s really just a process that takes a few simple steps.

1.Making repairs. Any repairs that need to be done on any part of the house, the floor, the fixtures or the appliances should be done before showing the house.

2.Clean out your stuff. Put anything that doesn’t belong into storage.

3.Make your house really sparkle. Make the front yard beautiful, have the carpets steam washes, have the windows wiped every day.
Price it Right

Choosing the right price is very important. If you price it too low, you’ll make too little from the sale. However, the big downfall of most sellers is pricing too high.
The logic behind pricing high is that “If it doesn’t sell, we can always take a lower offer.” However, a price that’s too high often just scares away potential buyers instead.

Pricing your house correctly is very important.

Choosing a Great Real Estate Agent

Working with a good real estate agent will make your home selling experience much smoother and much faster. Furthermore, you’ll save on average 16% over selling to FSBO, which more than recoups for the commission.

Choosing a good real estate agent can be tricky. You want to find an agent who’s experienced in the area. You want to find an agent you can trust. You want to find an agent who can both market and sell.
If you haven’t found an agent in who meets your needs, why not give me a call for a free consultation? I can be reached at 612-581-7313 or by email at 
schneeberger@kw.com

 

 

 

Eight Homes Sold In Richfield the week of January 20 - 26, 2014

Address  Price  Seller Paid Bedroom Bath  Sq. Ft.  Lender Mediated? 
             
6239 Dupont Avenue S   $69,100  $2073 2 1 816  Y
             

6908 Oliver Avenue S
  $125,000  $0  3 1  1201  Y
             

7338 Oakland Avenue
  $150,000  $0 4  2 2144 Y
             

 

7508 Columbus Avenue


  $160,000  $0 4  2 1890  N
             
7212 Garfield Avenue S  $173,000  $5190 3 2  1746  N
             

6616 15th Avenue S
  $170,300  $0  3  2 1436  N
             

7301 Logan Avenue S
  $177,000  $0 3 2 1639  N

 


7229 Garfield Avenue S

 

  $194,500  $7331  4  3  2033  N

 

How to Get every Dollar you deserve

 

Real Estate Marketing Guru Steve Schneeberger Gives You 7 Great Tips on How to Get Every Dollar You Deserve... by Getting the Full Value of Your House!

The ability to reap additional profits on the sale of your home in can be accomplished easily enough if you make the right improvements. Many changes can provide the prospective buyer with enhanced feelings about your home, feelings of more space, more light, more rooms, more closet space, greater privacy, warmth and security. 

Basic, simple and inexpensive improvements on your home in can provide an improved emotional response in a potential buyer.

An example could be something as small as a crack in the paint on a wall. Simply by applying some plaster and touch up paint, you eliminated what may be an unstated concern that your home was poorly maintained. 

Though the feeling may be unconscious, it’s just as important that the potential buyer feel an overall desire for your home. 

If you are working with a small budget these simple techniques will work absolute wonders:

The Magic of Mirrors!-Mirrors can provide a greater sense of space and elegance when properly placed. Be careful not to overdo it, but when placed properly throughout your home, each area will seem larger to the potential home buyer. 

Try looking in your attic or basement for any old mirrors, but be sure they have a nice frame or at least give the frame a new coat of paint. You may also want to visit a local flea market or garage sale; you can almost always get a great deal on an old mirror or two. 

Putting one foot square mirrors on a closet door in the master bedroom is always an attractive touch.

Adding Additional Closet Space-One of the biggest complaints heard from potential buyers is that there just isn’t enough closet space! Simply purchasing an inexpensive closet organizer and installing it in any or all of your closets can make all the difference. 

You can also try putting a rod across one corner of a bedroom for hanging clothes. Also you could try hanging a screen made from a variety of materials. The screen could match the material of the bedspread, drapes etc. The idea here is to be creative so that the "fake closet" looks as though it was a part of the room.

Make a Bare Wall Beautiful-Wallpaper is inexpensive, quick and easy to do! The right wallpaper can brighten the room or hallway and bring it back to life. Be careful to choose something with a neutral design or pattern. Remember, you’re trying to move out.

Bring Old Floors Back to Life!-Nothing turns off a potential buyer quicker than dull, dingy, disgusting looking floors. Whether you have wax, wooden or tiled floors, do whatever you can to make them shine again! For wax floors, either rent a floor machine and do it yourself, or if it’s in your budget, hire a professional. 

Have a professional give you an estimate and explain exactly what they would do to bring your floors back to life. If you have them explain what they would do, it may be just as easy to do it yourself. 

If you have carpeted floors, you should either have the carpet steam cleaned or install new carpeting. This may sound expensive but new carpeting can add thousands of dollars to the value of your home.

Add Attractive Plants-Having plants in the house is not only healthy for you but you create a warm feeling with them. Many indoor plants are far less expensive than you might imagine. 

Attractive pots such as ceramic, brass or even designer plastic will add a designer flair to your home. Hanging plants such as Boston ferns are inexpensive, easy to care for and would go great in your new home whenever you move.

Adding a Room Without Calling in the Contractor!-This simple but seldom used technique, can give a buyer the feeling there are more actual rooms in your house. Floor to ceiling room dividers are inexpensive and simple to install. 

When a buyer walks through your home, they will generally count the rooms in a subconscious manner. Each room will present an emotional response as they walk through your home. 

By dividing and designing each side of your room, you create a "separate room" feeling in the potential buyer. It may sound crazy, but it works!

Clean Up the Bathroom-We’ve probably all heard that phrase a hundred times growing up! Well, guess what? It’s still valid. Give your bathroom a face-lift if needed; fresh paint, decorative moldings, tile grout, new designer faucets are all attractive eye catchers.

What is That Smell?-Though people don’t like to admit it, everyone's home has a certain smell to it. We just never notice it because we live with it day in, day out. Strategically placing fresh scent devices throughout the home will be pleasant to the nose of any potential buyer. 

As a matter of fact, an old Realtor trick is to pop some cinnamon rolls in an oven 5 minutes before a showing. I bet you thought all Realtors just had a sweet-tooth!

There is a lot of free information available to you about buying, selling or investing in real estate. For complete information about the real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything real estate. So please feel free to contact me with any of your real estate questions and I will me more than glad to answer your questions. Call me on my cell at 612-581-7313 or email me at 
schneeberger@kw.com.

 

Four Homes Sold In Richfield for the week January 13 - 19, 2014

Address  Price  Seller Paid  Bedroom  Bath  Sq. Ft.  Lender Mediated? 
             
7428 Dupont Avenue S   $125,000  $8891 3  1 1254 N
             
7044 3rd Avenue S   $169,900  $6222 3  2  1945 N
             

2617 W 70th Street

  $199,500  $7000 3  1  1700 N
             
7215 Logan Avenue S   $171,000  $0 2 1 887  N

 

8 Steps to making Huge Profits on Investment  Properties

Here is the complete formula for making sure you make profitable purchases for fixer  properties in .  These simple 8 steps will ensure you never pay too much for an investment property in again.


SPECIAL REPORT:

8 Steps to Making Huge Profits on Investment Properties in .

Buying properties in that are in need of repair is one of the quickest ways to make money in real estate in the shortest period of time.  These properties are known in the industry as “fixers,” “ugly properties,” or  “junkers.”

But beware!… I know too many stories of new investors that were too anxious to get into a deal on a property in and ended up paying way too much.  The last thing you want to do is overpay for a property and create a massive hemorrhage in your cashflow.

You need to understand that you actually determine your profit when you purchase the property in .  It is easy to guess that you have a bargain, and later find that you wound up with a money pit because of lack of homework before making your offer.

So let me give you the 8 steps to making massive profits on fixer properties in .   These simple steps will give you the formula to make sure you consider all your costs before making your offer


Step 1
Determine the after repaired value

You actually have to start with the end in mind.  On any property in that you are making an offer on, you first need to determine what you can expect the property to sell for after it is fully repaired.  

You can ask your friendly real estate agent or title company for comparable properties in the area.  Just make sure you are comparing apples to apples.  You want to compare your investment house against very similar properties in .  

If you have a 3 bedroom house with 1500 square feet find at least three other houses that are similar within the same neighborhood (or a very comparable neighborhood) that have sold in the last six months.



Step 2

Determine your closing costs on the purchase of the property in 

There can be a lot of costs that can add up when you are closing on a property in .   Here is a list of things to include in these costs.

Down Payment
Real estate commission
Appraisal
Loan closing costs and/or points
Home inspection
Termite inspection
Soil inspection (if there is an underground oil tank, etc.)
Finder fees (for anyone that may have helped you find the property.)
Survey

Step 3

Determine your holding costs

A lot of investors can loose profits by underestimating their holding costs.  Make sure to include the following:

You need to add in 6 mortgage payments to the holding cost budget.  You want to have plenty of money set aside for the time it will take to repair and market the property in .  

Make sure to include 6 months of taxes and insurance as well as utility costs for 6 months.

Step 4

Add up your budget for repair costs

If you are not good at estimating what repairs will cost get some estimates from contractors.  You want to make sure you include everything from carpet, paint and light fixtures, to plumbing electrical and landscaping.  It is better to go over on your estimate rather than to underbid what the overall costs will be.

When you think you have estimated what your repair budget is add 10-20% to this total.   You may not think you need this extra cushion, but more times than not you will end up going over budget on a rehab project. 



Step 5

Determine sale costs

Now you need to determine what it will take to sell the property on the real estate market.  Take into account your advertising and marketing budget

Step 6

Determine closing costs on the sale of the property

In step 2 you determined the approximate closing costs on the purchase.  Now determine the same thing for the sale of the property.  Include any points, real estate commission, etc.

Step 7

Decide on your profit.

This is the fun part.  Here is where you decide on how much money you want to make when selling your property in .  Remember, you control how much profit you make not the property.  

Remember that you are going to be investing a lot of time into this property over the coming weeks and months so  make sure you are naming a figure that is worth your while.

I wouldn’t settle on less than $15,000 minimum for a profit on a fixer property.  Even with all the figuring you have done, your profit can still get eaten away by unseen issues that can come up with the property, especially if the rehab and sale takes longer than anticipated.

This is the main reason we start with the end in mind.  Do your best to look at this as a math formula.  Leave your emotions behind when you get to the end of the formula you have your answer on what you can afford to pay for a property.

Step 8

Determine what the most you can pay for the property will be.

Now we are ready to determine what we can afford to pay for the property in the area.

Simply take your predetermined after repaired value and subtract the following:
closing costs on purchase
holding costs
repair costs
sale costs
closing costs on sale
your profit

What you are left with is the MOST you can afford to pay for the property and still make the profit you are looking for.

This formula takes a little time, but the more offers you make, the quicker you will get at compiling the data and making lots of offers. 

There is a lot of free information available to you about buying, selling or investing in real estate. For complete information about the real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything real estate. So please feel free to contact me with any of your mortgage questions and I will me more than glad to answer your questions. Call me on my cell at 612-581-7313 or email me at 
schneeberger@kw.com.

Eight Homes Sold In Richfield January 06- January 12, 2014

Address  Price  Seller Paid Bedroom Bath  Sq. Ft.  Lender Mediated? 
             
6500 Woodlake Drive #204  $62,000  $0 1 1 976  N
             
7600 Lyndale Avenue S #410  $100,000  $3000 1 1  767  N
             
 6226 15th Avenue S  $105,510  $0 3  1  1008 Y
             
1515 E 62nd Street  $157,000  $4710 3 1 1230  N
             
6244 Humboldt Avenue S  $151,500  $0  3 1  1918  N
             
 7308 3rd Avenue S  $169,900  $0  3  2  1978  N
             
7601 Aldrich Avenue S #309  $189,00  $0 2  2 1333  N
             
 6633 Washburn Avenue S  $272,500  $0 4  3 2004  N

 

Becoming a Home Inspector

 

With home buying and home inspection being the trend these days, home inspectors are increasingly in high demand. So how does one get started in this business? Are there franchise opportunities? What kind of training is involved? 

If you are considering a career in home inspection, you may be interested in knowing the answers to the above questions.

Getting Started

Getting started in the business as a home inspector is not as hard as you think it is. Yes, it’s a complex process. And yes, there are many things that you need to consider. But as long as you have the guts and the determination to push through with it, then you should be a successful home inspector in no time. But in the mean time, here are a few considerations:

Franchise Options

Most home inspectors do not have the necessarily capital to start a home inspection business on their own. There are substantial costs involved, not to mention the money you need in order to get to an accredited school to get the training that you need. Because of this, a lot of home inspectors actually consider the option to franchise their business instead. 

Most of the opportunities to become a home inspector require that you make a substantial up front investment. Add to that the costs for materials and equipment and you absolutely need a source of capital for around $35,000, perhaps even more. 

As a franchise, you would be paying the main company a percentage of your fees as a home inspector. Now, the question is, are they worth the investment? Or would you be better off investing your money on tuition at an accredited home inspection school and start up costs in your own business. It is important that you weigh the matters over well. Often, the key to becoming a successful home inspector is to understand the difference between making intelligent decisions and relying on pure guess work.

Experience

The experience that you need as a home inspector does not have to be directly related with home inspection. Besides, when you’re still starting out, it is quite obvious that you have next to zero experience in home inspection, not unless you have been exposed to this type of job before. So all the experience that you really need can be indirect, such as spending several years in the building materials and construction industry. The knowledge, technical skills, and engineering sales you learned from your previous job provide you with an excellent foundation for becoming a successful home inspector.

Training

There are many training organizations that cater to home inspectors out there. There are many associations of home inspectors that you can join in order to gain access to training courses. However, no matter how many times you have trained and how long you have spent during each course, it doesn’t amount to the advantage of training under an experienced and recognized training organization. Remember that in the business of home inspectors, a single word can go a long way. Reputation backed with trust and professionalism is important.

There is a lot of free information available to you about buying, selling or investing in real estate. For complete information about the real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything real estate. So please feel free to contact me with any of your mortgage questions and I will me more than glad to answer you queries. Call me on my cell at 612-581-7313 or email me at 
schneeberger@kw.com.

Twelve Homes Sold In Richfield the week of December 30, 2013 - January 05, 2014.