Minnesota Real Estate Podcast With Chad and Sara Huebener
121 episodes - English - Latest episode: about 1 month ago - ★★★★★ - 1 ratingIf you are looking to buy or sell a home, get all the information and the latest updates, tips, and tricks from Edina Realty - your professional Real Estate Agents.
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Episodes
3 Strategies for Selling Your Home in Today's Market
March 18, 2024 07:00 VideoHere are three things that sellers should do to prepare for the market. While listing inventory remains low, buyer feedback is still significant across the market. Gone are the days when sellers could expect a flood of offers as soon as a house hit the market. We’re returning to a more traditional market expectation where homes need to be well-prepared before listing. Sellers must adapt to shifting trends in market times, pricing dynamics, and buyer behaviors. Today, we’ll discuss key stra...
Understanding Market Dynamics: January's Real Estate Data
February 27, 2024 07:00 VideoA balanced market emerges from the January real estate data. As we move past the halfway mark of February, it’s the perfect time to reflect on the January numbers to gauge the current state of the real estate market. January offers us the first full month of closed sale data, providing valuable insights into market trends as February unfolds. Despite numerical data suggesting we’re in a seller’s market, the real-world experience leans more towards a balanced market. The Minnesota Associat...
Key Considerations for Homes with an HOA
February 09, 2024 07:00 VideoLet’s go over what you need to know about living in an HOA. Are you considering purchasing or selling a townhome that falls under the jurisdiction of a homeowners association (HOA)? Today, let’s delve into the crucial aspects of HOAs, specifically as they relate to townhomes. For prospective buyers, navigating an HOA community requires a thorough understanding of the associated rules and regulations. A pivotal document in this process is the resale disclosure certificate. It is the seller...
Key Considerations for Buyers and Sellers in HOA Townhome
February 09, 2024 07:00 VideoLet’s go over what you need to know about living in an HOA. Are you considering purchasing or selling a townhome that falls under the jurisdiction of a homeowners association (HOA)? Today, let’s delve into the crucial aspects of HOAs, specifically as they relate to townhomes. For prospective buyers, navigating an HOA community requires a thorough understanding of the associated rules and regulations. A pivotal document in this process is the resale disclosure certificate. It is the seller...
Understanding the Dynamics of the Current Housing Market
January 25, 2024 09:00 VideoGain valuable insights into the early 2024 housing market trends. As January progresses, we’re venturing into the early stages of the spring market, a crucial time for the housing sector. Let’s dive into the latest trends and forecasts. A common concern among buyers lately has been the fluctuation of interest rates. Although rates have seen a slight decrease from over 7% to just above 6.5%, buyers remain cautious. This hesitation is understandable given the recent rate trends, but it’s im...
How the 2024 Real Estate Market is Defying Winter Norms
January 10, 2024 00:00 VideoThe unexpected developments in the real estate market in early 2024 Are you wondering how the real estate market is faring in the early days of 2024? Typically, this time of year sees a slowdown in Minnesota due to cold weather, but this year is different. In this market update, we’ll explore the unique conditions we’re experiencing. Despite the season, buyer activity remains steady, defying the usual winter lull. Buyers are actively looking for properties, and are eager to make a move. H...
Happy Holidays From Us
December 11, 2023 00:00 VideoFrom our team to your family, we want to wish you a happy holiday season. Happy holidays to you! The holiday season has officially arrived. We hope you enjoy this wonderful time of year and make some fantastic memories. We wanted to take a moment to thank you for your continued support. We love helping people make their real estate dreams come true, so thank you for working with us and supporting our business. This may be a busy time of year, but we are always here to help you and answe...
We’re Thankful for You
November 14, 2023 00:00 VideoThis year and every year, we’re thankful for you in our lives. The 2023 holiday season has officially begun! We hope you are as excited as we are. We’d like to take a moment to express our gratitude to all of you this Thanksgiving. We have met some truly wonderful people, and we’re proud to have helped so many reach their real estate goals over the years. We wouldn’t be where we are today without all of your support. Enjoy your Thanksgiving dinner—that’s what we plan to do! In the meant...
Is November the Right Time to Sell Your Home?
November 02, 2023 00:00 VideoHere’s what you need to know about listing your home in November. Today, we’ll discuss the prospect of selling your home in November. Many potential sellers frequently inquire if November is still a viable time to sell their home, or if they should wait until after the first of the year. To address this, we take several factors into consideration. First, the type of property you’re looking to sell plays a crucial role. Some homes have a stronger connection to the school year, making them ...
Your Guide to Understanding the Impact of Inventory Fluctuations on Housing
October 13, 2023 00:00 VideoA look at the latest information on the fall real estate market trends. As we delve into mid-October of 2023, it’s time to reflect on the past year in the real estate market and assess how it’s affecting inventory. We’re particularly interested in the number of days homes spend on the market and the shifts in supply at various price points within the Twin Cities Metro region. Let’s take a closer look at what’s been happening. Price Point Segmentation We kick off our analysis by segmentin...
Navigating a Low-Inventory Market: The Seller Contingency Solution
September 28, 2023 00:00 VideoThe place for seller contingencies in our real estate market. In today’s real estate landscape, a few interesting trends are emerging, and we’re here to shed some light on them. One noteworthy development is the rise of the seller contingency, a tool that has become increasingly important in the face of dwindling inventory. So, let’s dive into what this contingency entails and explore the current market conditions. The seller contingency is a relatively new concept in the real estate worl...
Navigating the September Real Estate Landscape
September 11, 2023 00:00 VideoExploring key trends and insights for September 2023. As September rolls in, we typically expect a lull in the real estate market as families settle into back-to-school routines. However, this year seems to defy the norm. Let’s dive into some intriguing market observations, particularly regarding buyers and inspections. 1. Buyers are still active. Despite fluctuations in interest rates, buyers remain actively engaged in the housing market. While they may not be swarming like a few years a...
Market Insights: How Interest Rate Changes Are Shaping the Late Summer Real Estate Scene
August 21, 2023 00:00 VideoUnderstanding the interplay between interest rates and transactions. As we find ourselves winding down in the late summer of 2023, it’s time to take a closer look at the current state of the real estate market. One key factor that’s been making waves in recent weeks is the fluctuating interest rates. This past week, interest rates have settled around seven and a half percent, and their influence on the market is undeniable. The shifting interest rates have not gone unnoticed in the world ...
Redefining Efficiency: How Seller Pre-Signing Benefits Buyers and Sellers
July 28, 2023 00:00 VideoUnderstanding the advantages of seller pre-signing in real estate. In the wake of the pandemic, the real estate industry saw a significant shift in the way transactions were conducted, with social distancing protocols becoming paramount. One aspect that underwent a remarkable change was the closing process. Today, we’ll be shedding light on the practice of seller pre-signing and its impact on buyers and sellers in the current real estate landscape. The pandemic prompted adaptations in var...
Navigating the Real Estate Market: Midyear Insights and Preparing for Next Year
July 14, 2023 00:00 VideoIt's evident that the real estate market has unique dynamics this year. As we enter the second half of the year, it’s essential to take stock of the current real estate market. Traditionally, this time of year witnesses an upswing as individuals aim to settle into new homes before the start of the school year. However, this year has seen some interesting deviations from the norm. Today’s market has shown mixed trends. While inventory levels remain sluggish, some properties are selling ra...
Unmasking the Mid-June Real Estate Scene: Low Inventory, Buyer Preferences, and Hot Trends
June 13, 2023 00:00 VideoAn update on the shifting trends we’re seeing in our real estate market. As we reach the midpoint of June, it’s crucial to examine the current state of the real estate market. One prominent trend that persists is the shortage of inventory. However, it’s worth noting that properties priced below $500,000 are selling swiftly. Once we venture beyond the $500,000 mark, with a few exceptions, there appears to be a slight decline in showing activity, particularly noticeable at the $600,000 thre...
Spring Market Ready: Enhance Your Home's Curb Appeal for Maximum Impact
May 23, 2023 00:00 VideoUseful tips for homeowners that will spruce up your curb appeal. As the spring season emerges, it’s essential to shift our focus from the interior to the exterior of our homes when preparing to sell; unlike the winter months when buyers predominantly explore the interior, spring, and summer prompt potential buyers to pay attention to the outside of the property as well. With no snow covering the landscape, investing some effort into enhancing the curb appeal becomes crucial. Here are a few...
Buying a New Home With Equity? Here’s How You Can Make It Happen
May 02, 2023 00:00 VideoDiving into your options for using your equity to buy a new home. Are you trying to buy a new home using the equity in your current home to pay the down payment? If so, know that you are not alone. Lately, we’ve been having conversations about this with many of our clients, as the situation can get pretty complicated. However, today we are here clear things up. First, know this is different than paying in cash. When using equity to buy, that equity isn’t liquid like cash is. Therefore, y...
The 2023 Spring Market: A Shift in Expectations for Buyers and Sellers
April 12, 2023 00:00 VideoThe 2023 spring market is in full swing. Here’s what’s happening. What’s happening with the current 2023 spring market, and how is it forcing a shift in the expectations of both buyers and sellers? You may have already heard about this shift through various online platforms and radio broadcasts. As we delve deeper into the current market situation, we’ll explore the changes that have taken place and how they impact different stakeholders in the real estate industry. We’ve seen interest ra...
What the Latest Real Estate Market Trends Mean for You
March 17, 2023 00:00 VideoOur expert insights into the current state of our real estate market. It’s official: The spring real estate market is almost here. With interest rates on the rise and low inventory persisting, we wanted to share some observations on what we’re seeing in the market today. Despite expectations that rising interest rates would lead to a drop in housing prices, we haven’t seen this materialize yet. Inventory remains low, and homes are continuing to sell at a stable or slightly increased rate....
Your First Home Is More Affordable With These Programs
March 01, 2023 00:00 VideoShane Hofmann of Edina Realty Mortgage talks about amazing home programs. Due to rising home values and changing interest rates, some buyers have expressed concerns about the affordability of buying their first property. To offer some solutions, Shane Hofmann of Edina Realty Mortgage joined us for an interview. He’ll share some of the programs and options lenders have been working on to make the purchases of first-time homebuyers more affordable. Feel free to watch the full video above o...
Two Real Estate Scams You Should Know About
February 16, 2023 00:00 VideoWe have an important announcement to make about real estate scams. Recently, the Minnesota Department of Commerce issued notices to real estate agents about several scams that are targeting both new and existing homeowners. As a potential homebuyer or an existing homeowner, it is important to be aware of these scams and to know how to protect yourself. One of the scams involves home warranties, which is a product that a homeowner can purchase to cover certain defects on their house for on...
What You Need To Know About The Future of Our Market
January 31, 2023 00:00 VideoHere’s what you need to know about the next 90 days in our housing market. It is currently the end of January, and of course, it’s snowing. While we’re snowed in, we wanted to briefly talk about what our market is looking like for the next 90 days and what it means for the spring selling season. One of the things that we are already seeing going into the new year is a consistent lack of inventory. It seems like we’ve been talking about this issue forever. We’re not seeing a lot of carry...
January Housing Stats You Need To Know
January 09, 2023 00:00 VideoAn update on the market that every buyer and seller should hear. We are starting off January 2023 with a snowstorm and talking about what we are hearing and seeing so far in our local market. Many buyers have been priced out of the market. Inventory is still low, and there’s not a ton of buyer activity. We are coming out of the holidays, the weather, and the snowstorm, which is holding people back a little. However, it shouldn’t hold you back from preparing for what you can do in the mar...
Our Christmas Message to You
December 12, 2022 00:00 VideoOur team wants to wish you and yours a very merry Christmas. Merry Christmas! We hope you and your family have a wonderful holiday. We just wanted to take a moment to thank you for your continued support throughout the years. We wouldn’t be where we are today without your help! It truly brings us joy to help you make your real estate dreams a reality. If you have any questions, please don’t hesitate to reach out to us. We’re here to help you in any way we can. Have a very merry Christm...
Crucial Housing Market Trends You Should Know
December 01, 2022 00:00 VideoHere are some of the most important housing trends you need to know. As we leave the fall and enter the holiday season, what’s happening in our housing market? This time of year is traditionally slower for real estate, but is that the case this year? Let’s take a look at the latest trends and find out. Right now, inventory levels are very low. This is normal for this time of year, but it’s even lower than usual because of changes in the market. Many people who would have sold their home...
How to Time Your Purchase and Your Sale
November 14, 2022 00:00 VideoHow to time your new construction with the sale of your existing home. Have you ever thought about purchasing a new-construction home? This can be a very exciting opportunity, but it does have some complications, including timing. Today, we’re here to give some advice on how the timing works with your new-construction home and the sale of your existing one. The first thing to do is find out if your build is contingent on the sale of your existing home or not. If you are noncontingent, you...
Where Our Housing Market Is Heading
October 24, 2022 00:00 VideoAn update on the housing market and how it’s normalizing to 2019 levels. We think it’s pretty safe to say that our area has returned to a typical real estate market, and the transition was fast. This all has to do with interest rates, which is what most people are concerned about right now. They have certainly affected the market, but in the long run, our area is still more affected by the shortage of inventory. The market is starting to resemble 2019’s pre-pandemic market, which is grea...
How Rising Interest Rates Affect Buyers and Sellers
September 30, 2022 00:00 VideoHere’s what happened to interest rates in late September 2022. What happened to the housing market in late September 2022? In case you haven’t heard, interest rates are near 7%. If you’re a buyer or a seller, how does this affect you? Today we’ll explain what rising rates mean for your real estate plans. A year ago, interest rates were at 3%. If you bought a $500,000 house back then, the payment would be about the same as a $350,000 home with today’s interest rate. That’s a huge differenc...
Our Housing Forms Have Changed
September 07, 2022 00:00 VideoWhat the State Association of Realtors is changing in some housing forms. Every year the State Association of Realtors revises the real estate forms to clarify or improve how we conduct real estate transactions in Minnesota. This year is no different. We’re here to briefly discuss a few important modifications you need to know about if you’re going to buy or sell a home. The first change, and perhaps the most significant one, occurs in the Minnesota Purchase Agreement. It dictates how a f...
How Interest Rates Affect the Market
August 12, 2022 00:00 VideoSitting down with Shane Hofmann to discuss interest rates in our market. Today we’re joined by Shane Hofmann from Edina Realty Mortgage, who is here to give us some insight into the current hot-button issue in real estate: interest rates. Where are they now, and how does the fact that they’re on the rise impact the housing market? Banks and mortgage companies post their current rate to give a general idea of where things are, but that rate isn’t necessarily what everyone will receive. The...
How Are Buyers Dealing With Higher Rates?
July 15, 2022 16:55 VideoExplaining buyers’ behaviors as interest rates continue to rise. What’s happening in the market now that we’re midway through the summer? In our previous blog posts, we’ve already explained how the increase in interest rates has caused a shift in our market, so today we’ll cover the ongoing trends that we have observed in inventory. “Buyers are now more particular about property conditions compared to last year. ” We are still in a seller’s market, and our inventory levels remain low. S...
What You Need To Know About Our Market Shift
June 22, 2022 17:03 VideoHere’s what you need to know about our shifting housing market. What’s happening with our market shift? You may have heard us talk about this topic recently, but new trends have, once again, changed market dynamics. When interest rates first increased, there was an initial market shock. Because of this, sellers might need to shift their expectations. Showing activity has changed quite a bit. For example, it used to be typical for a home to see 30 showings on its first weekend—now, the a...
What Does a Shifting Market Mean for You?
May 31, 2022 14:36 VideoRising rates are causing our market to shift, but a crash isn’t coming. If you’ve been paying attention to the news, you’re probably aware that our market is shifting. Why is this happening, and are we heading for a crash? Fortunately, you don’t need to worry about a market crash. However, our market may slow down due to a few factors that we want to discuss today. The main culprit behind our shifting market is rising interest rates. As of the writing of this blog post, rates are at abo...
Searching for Your Next Home Online
May 06, 2022 19:03 VideoThe most accurate, efficient way to search for homes is through the MLS. When working with buyers, we often receive screenshots of properties they want to know about, saying something like, “We found this one on X website.” If you’re considering buying, it’s necessary to know how the MLS works and how it feeds other websites. The system that real estate agents here in the Metro use is called the Northstar MLS, and it covers the metro area and much of outstate Minnesota and Western Wisconsi...
Your March 2022 Real Estate Market Update
April 21, 2022 15:40 VideoHere’s what’s happening in our market as we head into spring. Let’s talk today about the early spring market. Our state association of Realtors says that the number of closed sales fell by 50% compared to March 2021. If the market is so hot, how can we sell fewer homes? It’s just because we don’t have enough homes. It’s hard to sell properties when there are none available. The new listings in March of this year were down 45% compared to last year. Statewide, our inventory shrank by 25% d...
Your March 2022 Real Estate Market Update
April 21, 2022 15:33 VideoHere’s what’s happening in our market as we head into spring. Let’s talk today about the early spring market. We’re going to start with March because it’s the first complete month that we have data for. Our state association of Realtors says that the number of closed sales fell by 50% compared to March 2021. If the market is so hot, how can we sell fewer homes? It’s just because we don’t have enough homes. It’s hard to sell properties when there are none available. The new listings in Ma...
Is Your Valuation Accurate?
March 29, 2022 15:23 VideoPlease take a close look at your valuation notice when you receive it. Today we’ll talk about the property tax valuation notices for Scott County that were recently sent out. It’s no surprise property values increased last year, but is the county’s valuation accurate? We’ve been talking to past clients about the valuations, and we’re seeing a fairly consistent 20% increase in taxable value from 2022. We ran some reports on Scott County to see how much the median sales price increased over...
What’s Happening With Our Inventory Shortage?
March 10, 2022 00:00 VideoHere’s what our inventory shortage means for buyers and sellers. If you’ve done any reading about our market, you know that our inventory is historically low. Supply isn’t just scarce in the Twin Cities either; this issue affects the whole country. That’s why today we want to talk about how our inventory shortage affects both buyers and sellers in our current market. To illustrate just how low our inventory is, let’s look at an example. A standard price range for single-family homes in ...
Shane Hoffman Talks Inflation, Rates, and Financing
February 14, 2022 00:00 VideoWe talk to Shane Hoffman about interest rates, financing, and inflation. Today we are talking with Shane Hoffman from Edina Realty Mortgage, and we’re sitting in a model home on McKenna Road in Prior Lake. Why are we in this model? As you may know, inventory is incredibly low in our current market, and many buyers are looking toward new construction as an alternative. If you’re looking to buy, you might need financing, and that’s why we want to talk to Shane about some common financing qu...
Shane Hofmann Talks Inflation, Rates, and Financing
February 14, 2022 00:00 VideoWe talk to Shane Hoffman about interest rates, financing, and inflation. Today we are talking with Shane Hofmann from Edina Realty Mortgage, and we’re sitting in a model home on McKenna Road in Prior Lake. Why are we in this model? As you may know, inventory is incredibly low in our current market, and many buyers are looking toward new construction as an alternative. If you’re looking to buy, you might need financing, and that’s why we want to talk to Shane about some common financing qu...
New Ways To Help Sellers Move
February 01, 2022 00:00 VideoWe discuss a few new tools that can help sellers in our tight market As we head into the early spring market, we wanted to talk about some new tools that sellers can use. You may have heard about buyers using a contingency in their offer, where they can only close on the house if they sell their existing home. Sellers can now use a purchase contingency. Through this, they can define a search period that gives them time to look for a new home. Once they find a home, they can release that p...
How To Prepare for the Spring Market
January 18, 2022 00:00 VideoHere’s how sellers can prepare for our spring market in Minnesota. When we meet with sellers this time of year, we usually advise that they have their homes ready for the spring market around the time of the Super Bowl. It still feels like winter, but about that time is the opening of our Minnesota real estate market. This year we’re seeing more historically low inventory levels than ever before; in some price points, there are almost no homes for sale. On New Year’s Eve, Sara showed a $4...
Happy Holidays!
December 17, 2021 00:00 VideoFrom our team to your family, we want to wish you a happy holiday season. Happy holidays to you! The holiday season has officially arrived. We hope you enjoy this wonderful time of year and make some fantastic memories. We wanted to take a moment to thank you for your continued support. We love helping people make their real estate dreams come true, so thank you for working with us and supporting our business. This may be a busy time of year, but we are always here to help you and answe...
How Was Last Year’s Real Estate Market?
December 07, 2021 00:00 VideoWhat trends emerged from 2021 that will predict the market next year? It’s hard to believe, but we’re nearing the end of 2021. This has been a pretty crazy year in real estate, so today we want to take a look back and wrap up 2021’s market for you. It’s hard to remember at this point, but even before COVID in 2020, we had low inventory. Once the pandemic started, inventory dropped even lower, leading to one of the craziest seller’s markets we’ve ever seen. This trend continued in 2021, ...
Is It Too Late for Sellers To Get a Great Deal?
November 11, 2021 00:00 VideoHere’s why it’s not too late for sellers to get a great deal. Recently, a lot of sellers have reached out to us to ask if they’ve missed the boat. After all, the spring and summer markets were so good, how can the fall and winter compete? If you are one of these sellers, don’t worry; there are still plenty of opportunities, and today we’re going to explain why that is. Unlike the spring and summer markets, you probably won’t have 30 people waiting outside your house to make an offer. How...
Why Are Rentback Agreements So Popular?
October 12, 2021 00:00 VideoHere’s everything you need to know about rentback agreements. In our last video blog, we talked about the possession date, and today we want to discuss a closely related topic: rentback agreements. A rentback is an agreement between the buyer and the seller that can be done before or after the final acceptance. It states that the seller can lease back the home from the buyer for a specified amount of time. The seller is essentially renting their old home from the buyer for a brief period...
An Update on Our Prior Lake Market
September 09, 2021 00:00 VideoHere’s a really quick end-of-summer/early fall market update. We’re here with an end-of-summer or early-fall market update. First, let’s talk about what we’d expect a normal market to look like for comparison. We’ve seen a bit of this in 2021 during the summer. Right after school ended, activity slowed down a bit before picking back up towards June and July. Once it gets close to the start of school, it slows down again. All of this is normally what we see around this time. It’s been kind...
Accommodating Sellers With Extended Possession Dates
August 06, 2021 00:00 VideoDon’t overlook the possession date on the purchase agreement. The possession date on lines 271 through 275 of the purchase agreement is often overlooked. However, it’s very important when closing time comes. The first option on the purchase agreement is taking possession immediately after closing. This is the most common box that is checked on the purchase agreement, but there’s another box there. If that is checked, we can do possession dates of an hour after closing, up to five days, or...
Why the Final Walk-through is so Important
July 15, 2021 00:00 VideoHere’s why buyers should never skip the final walk-through. When you buy a home, you have the right to do a final walk-through of the home before closing. This helps you ensure that the property is still in the same condition as when you bought it. Typically, the final walk-through is done on the morning of the closing date or a few days before. The buyer and their agent walk through the home, turn on faucets, flush toilets, and check for dings and scratches on floors and walls. We also ...