This podcast is providing the latest information on the real estate market condition in the Twin Cities.  Visit http://www.realestateresource.org  for more information. #RealEstateResource #TwinCitiesRealEstate 

Real Estate Resource Podcast

Twin Cities Real Estate Market Update - November 2019

This podcast is providing the latest information on the real estate market condition in the Twin Cities.  Visit http://www.realestateresource.org  for more information.   

Twin Cities Real Estate Market Update - April 2019

This podcast is providing the latest information on the real estate market condition in the Twin Cities.  Visit http://www.realestateresource.org  for more information.    

Twin Cities Real Estate Market Update 2018

Visit http://www.realestateresource.org for more tips and information that can save you money. Summary of a hot market Data shows 45 days - what that really means Low inventory Days on Market Houses get listed on a Wednesday or Thursday - Why Showings Overlapping Pool of buyers Business cards What you need to have ready before you go to your showing Approval letter Earnest Money check Personal letter to the Seller Short story Honest Pros about the neighborhood Pros about the house How to structure the offer - Full Price Offer? Over asking? Closing Costs paid by seller? Contingencies? Moving the closing date? Rent back? Timing Let the listing agent know right away? Send the offer right away? Watch for the email blast to all participants   Shopping the deal - time restrictions Why we list on Wednesdays and Thursdays   Don't be discouraged if you lose out.  In hot markets, you are likely to lose out 2-3 times before you win. Why?  Urgency - Understanding the market - Offering at the top of your approval limit.  

Making The Offer - Strategies in a Hot Market

Renter's Podcast Episode   Searching for Apartments Online Apartments .com ForRent Hotpads Craigslist Why use them MLS Using a Broker/Agent Amenities Location Rules -BBQs, guests, etc. Hardwood floors vs carpets Dogs/cats - limitations on weight and number Things to consider Who is going to be on the lease? Security deposit Painting Guests Parking When and who can enter your apartment Changing the locks Terms and conditions to watch for What is included? Signing the lease Contact the Utility Company Set up cable - see if they allow the dish prior to calling or you will pay! Walls Condition of carpet - stains Interior of Stove/Fridge Doors for damage Take video and pictures - most important part. Use the provided checklist and make notes What it covers - to the walls and personal possession Getting renters insurance - cheap - a must Prior to moving in Know your rights on entry Get proper notice - quiet enjoyment Have a contact in your phone in case of an emergency Know your rights on pay to stay laws.  If your landlord is accepting partial payments, then your entitled to staying under the terms of the lease. Neighbors - Minor disputes - be friendly, try to resolve, get management involved, break the lease. If they don't then it's time to issue formal notices and withhold rent. Repair Request - If its safety then make sure you document the issues. While living at the premises Document everything - Keep a journal Document all interactions with your landlord — both good and bad. Note phone calls and conversations, save emails and text messages, and document late rent payments, notices served, warnings issued, complaints, maintenance requests, requests to enter the unit, and what happens inside once you do. Certified mail is a must Remember in most states it is calendar to calendar.  30 days.  Give notice On June 1st you may have to pay July's full rent as the calendar overlaps. Review Pictures for items to fix Remember it will cost you 1.5 times or more to have it fixed by the landlord. Have the discussion with your roommates early on about the security deposit refund as it will likely be refunded via one check. In most states the Security Deposit can't be used as form of payment.  Be proactive on reaching out.  Security deposits must be returned in a timely fashion or there are steep penalties. Get a testimonial if it was a great relationship - You'll need it on the next screening or loan application. Moving out - Make sure you give proper notice 

Landlord’s Secrets Unveiled for a Perfect Rental

Expired Listing Podcast Visit http://www.realestateresource.org Three main reasons why your house expired Price Home Condition Marketing Today’s expectations Move in Ready Improvements Location Analyze Your Feedback Search results Showings Online Presence Tour other Homes on the market in your area How to avoid overpricing – 3 common pitfalls                 Agent                 Come down                 Bounce house Expired – Be ready for calls from agents Shop your next agent

Your Listing has Expired! How to Come Back With a Sale!

Everything you need to know about Radon In this episode I answer the most common questions regarding Radon in Real Estate. What is Radon? How Dangerous is it? Why should I test for it? Where can I get a radon test? Types of tests. Levels of radon that are acceptable. How does radon enter your home? Selling your home? A tip that will save you and the buyer money. I have an offer in and the radon is high. Now what? My home has tested high, now what do I do? How much does a mitigation system cost? If I seal the cracks will it reduce radon? How long does it take to install a mitigation system? How long do they last? Here is a great resource for radon: https://www.epa.gov/radon

Everything You Need to Know About Radon in Real Estate

What are the differences between Townhouses, Condos, and Houses? Think Form of Ownership - Condos – The only thing you own is airspace! Well, you own a little more than that (such as the interior finishes and wall space). Everything else is owned by the association. The association owns the elevators, and common areas.                 Things to consider when buying:                                 Association dues                                 Amenities                                 Reserves                                 Pending projects                                 Insurance   Fun fact: On the east coast no one refers to them as condos. They are called apartments. Why? Well you own an apartment rather than rent.   Townhomes – You own land! In respect to townhomes you actually own land.   Townhomes are usually a series of connected homes that share walls with your neighbors. You still are likely have an association and this varies from project to project. Some townhomes have event centers and pools. The association is responsible for lawn care, snow removal, exterior maintenance such as driveways, trash removal, and landscaping. You pay property taxes on land.   Fun fact: Townhome associations have strict rules on what you can and can’t have in the yard, driveway, and even where you put your trash can.   Houses- The ultimate form of homeownership. You own the land, the structure, and the airspace. No restrictions unless it is a city or county ordinance. Property taxes, insurance, and the weekend trips to Home Depot are all on you for repairs and maintenance.   Fun fact: You actually own the airspace all the way up to the stars however the FAA has a say. Think you can tear down your house and build a 150 story building? Not if it’s close to an airport. FAA has its say in the United States.     Valuation in declining markets vs hot markets. There are differences in value appreciation and deprecation.    

What are the differences between Townhouses, Condos, and Houses?

Thank you for checking out the Real Estate Resource Podcast. My name is Jim Sipprell. I started my journey in residential real estate back in 2007. I am currently a licensed Real Estate Broker. Since that time I have worked in Commercial and Residential real estate helping buyers and sellers obtain their dreams. This podcast is devoted to providing you with information that can help you in the purchase or sale of your next home. I am excited to share the tips and tricks to give you the edge when dealing with sales agents. Educating you and bring knowledge from professionals one episode at a time. Please visit http://www.realestateresource.org for more information. You will find all the information you are looking for.

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Real Estate Resource Podcast

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