The current real estate market can be both exciting and challenging for consumers but the running joke in our world is to wait six weeks and the market will be different!

I am going to do my best to give you some concise insights and tips to hopefully empower you on your real estate journey. My goal is to be a good resource for you. If you or anyone you know has questions about the market, what your home is worth and what trends we are seeing please don’t hesitate to reach out. I can be found on-line @MallorieSells or MallorieSells.com otherwise by e-mail (mallorierife@edinarealty.com) and phone (952-334-7973).

Market Overview: A Seller's Advantage

• Your Equity Position: Median home prices have seen a steady climb in our market and appreciation continues in that 3-6% range annually.
• Faster Sales: Homes that are priced appropriately sell quickly, sometimes in multiple offers making terms favorable.
• Not Enough Inventory: MN is just getting into peak retirement years. The Millennial buyer pool outweighs the Boomer selling pool.

Tips for Buyers:

• Get Pre-Approved: An important first step. I have some great contacts to help you with this.
• Call Me: I live and breathe real estate. I love it, and that drive and knowledge are critical in this market.
• Time IN the Market vs Timing the Market: Buyers that wait for rates to fall will likely be faced with higher sales prices due to pent up buyer demand.

Tips for Sellers:

• Price Strategically: Pricing appropriately for the condition and location of the property is key!
• Know Who You’re Hiring: 70% of realtors sold less than 5 homes last year. Ask the qualifying questions.
• Market Effectively: Utilize professional photography, 3D tours, drone and video to strategically market online and maximize exposure.

Real Estate is Complex

A good Realtor is worth their weight in gold. Likely, your real estate is one of your biggest assets. I take that very seriously when I represent you. Please don’t be shy about contacting me for selling, buying, building, investing or even just questions you may have. I am happy to help!