Twin Cities Real Estate

- detailed information about current local real estate trends - answers to questions from my readers - other local information about events or businesses Play stump-the-chump and ask me a question! I double-dog dare ya.

Tuesday, March 20, 2007


Lots of Distressed Homes

Fixer-upper, handy-man special, lived-in... Pick your term--there are lots of homes out there that won't sell at near the asking price!
I can't believe the homes I see when I'm looking with homebuyers!

With all the homes buyers have to choose from, you can tell pretty quick which homes are going to sell quickly at or near the asking price and which will be around next year at this time. Sound like a good recipe for a home to buy? You betcha!

If you're looking for a deal, try not to think like 99% of the other homebuyers out there. Don't look for nice decorating, a bright interior or great updates. Look for good bones. If a home is in a neighborhood or area you like and the bones (foundation and structure) of the home are solid, it presents a good opportunity for a deal and some sweat equity.

Then, ask some friends to come over to help you paint, roof, re-side or whatever the required job. Try to pick friends who have done it before or better yet, offer to help them on their home if they'll help you with yours - practice on their home first!

Happy house-hunting!

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