• Video Playlist

    Twin Cities Market Update


    What’s Happening in the
    Twin Cities Market?

    One question I get asked often when it comes to real estate is, “Is it a buyer’s market, or is it a seller’s market?” For the most part, we’re currently in a seller’s market. We only have a three-month supply of inventory, and this has created a bit of a feeding frenzy with buyers under the $500,000 price range. Above the $500,000 price range, however, the advantage shifts toward the buyers. To learn more about the current Twin Cities market, watch this short video.

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    Long Term vs Short Term Rental



    Short Term vs. Long Term Rentals

    Rental properties are a great way to get some passive income. When it comes to deciding what type of rental property you want to own, there are a few different options. You could have a property that has a long-term lease or put the home on Airbnb for short-term rentals. It’s true you can make more money with the short-term rental, but it also requires a lot more work up front. To see which option is your best bet, watch this short video.

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    Pre-Approval or Pre-Qualification



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    Should You Get Pre-Approved or Pre-Qualified?

    When you're out shopping for homes, you have the option of seeking a letter of pre-qualification or pre-approval. Do you know which one is better? Do you know the difference between the two? A letter of pre-qualification has valuable information in it, but it's not verified or nearly as in-depth as a letter of pre-approval. With a pre-approval letter, you'll know exactly what you can afford to spend on a house, and you'll show home sellers how serious a buyer you are. For more information on the benefits of a pre-approval letter, watch this short video.

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    Jason Huerkamp 
    Huerkamp Home Group 
    14300 Nicollet Court #208 
    Burnsville, MN 55306 
    612-314-6330 
    jason@hhgus.com 
    findmyminnesotahouse.com
    Identifying a Property as a Fixer Upper

    How to Identify a Fixer-Upper


    Identifying a property as a good fixer-upper involves looking at certain aspects of the property. For example, does its style fit the style of the neighborhood?

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    How do you identify a property as a good fixer-upper? There are four things to consider:
     
    1. Location, location, location. It’s important to consider this because you can’t change location.
    2. The yard. Make sure the contours of the yard fit your specific needs because it’s very expensive to add more of a yard onto a property.
    3. The general style of the home. Does it fit in the style of the neighborhood you’re looking in?
    4. Square footage. Just like the yard, it’s important that the square footage fits your lifestyle because adding on can be difficult and very expensive.
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    What You Can Expect to Spend on a Fixer-Upper

    What You Can Expect to
    Spend on a Fixer-Upper

    Today’s topic is the second in a three-part series dealing with fixer-uppers. What does a fixer-upper usually cost? The answer can vary, but in general, roofs and kitchens are the two most expensive renovations. Re-roofing an average-sized house in Minnesota can cost anywhere from $8,500 to $12,000, and flipping a kitchen typically costs anywhere from $10,000 to $12,000. To find out more about what you can expect to spend on a fixer-upper, watch this short video.

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