Things are getting a little CRAZY!

March 2016 marketed a new record month for the 13-County Twin Cities Region with 5,301 signed purchase agreements…5,301 purchase agreements is the highest Twin Cities Market UpdateMarch total since 2005, and was a 30% increase from March 2015.  That is a huge number – in fact, not one that we have seen in a while.  Our office is receiving calls almost daily asking about upcoming inventory not yet on the market.  When we list a home on the MLS, if we do not have a showing scheduled within the first 20-30 minutes, we are wondering what is going on?

When selling a home in a sellers market:  Be ready to show once you go live.  When the home is prepared right and priced appropriately, you will have showings – lots of showings.  Have a plan on where you can go during the showings/open house(s).  Have a plan for housing after the home sells.  If you plan on purchasing a home as well, be ready to make an offer or offers if need be.  The best homes will be off the market within 24-48 hours.

When buying a home in a sellers market: Be prepared to write a strong offer and even over asking price if in multiples.  The strength of an offer goes beyond the price as well.  Other terms are financing (conventional is ideal over FHA), closing costs, and close date.  Your agent will be able to discuss at great length the best ways to position your offer.

About the Author

Katy Korby is the CFO of the Korby Home Team. Her passion is ensuring that our clients have an out-of-this-world experience selling their homes with the Korby Home Team. Katy comes to us with a diverse background and a unique skill set that enhances the client experience. Her attention to detail and care for people make her a wonderful asset to the team. Graduating with a degree in Theater, Katy has performed in numerous plays and most recently starred in a locally produced indie film that is being entered info film festivals around the nation. Katy’s experience in the work world include many positions within the accounting world including tax preparation, bookkeeping, and full-charge accounting. Most recently before joining the Korby Home Team, Katy was the Market Center Administrator for Keller Williams Integrity Realty in Roseville, where she was the full-charge accountant and handled budgeting and forecasting for the company as well as day to day operations and administration of an 80 person real estate office. Katy and her husband have two children, Libby and Calvin, and have lived in Como Park for almost two decades. In 2013, Katy completed the Tough Mudder 10 mile event and is a proud member of the “Finishers” group! For fun, Katy loves reading, photography and gardening and spending time with her family.