If you need assistance, please call 612-314-6330

Tips for Finding Hidden Gems in Hot Real Estate

Thursday, April 6, 2017   /   by Jason Huerkamp

Tips for Finding Hidden Gems in Hot Real Estate

We know how frustrating and disappointing it can be when your offer is one of many on the same property and you are not the winner of the bid! We have an insider tip for you to consider!

1. Homes That Have Been on The Market a Long Time

Get your agent to take you out to look at the homes that have been on the market far too long! Even consider looking in a price bracket different to the one you are searching in, you never know what hidden gems there may be.


Lets look at these circumstances - 

  • Sellers sometimes put their home on the market at an incorrect price. It may not be the agents fault, it may be the Seller who wants to try a higher price first
  • Sometimes the Selling Agent is less experienced in the neighborhood and has not priced a home correctly and therefore it has been sitting on the market for a while
  • Possibly the house has been reduced in price and because the days on market look scary, buyers have been avoiding the property, wondering what is wrong with it
  • It may even have been put on the market, taken off to do some maintenance and then put back on the market and the days on market are still climbing
  • Maybe the sale on it fell through and its back on the market

There are several reason a particular home could be overlooked so perhaps consider looking at it even though it has been on the market for a long time. This could be the right time to go and look, ask questions and do some home work. You may even get the chance to make a cheeky offer and get a great deal!


2. Less Well Known Neighborhoods

This is a golden opportunity to find homes that are in less popular neighborhoods. Sometimes its worth looking in neighborhoods you have not considered before, like neighborhoods that are on the outskirts, almost in the country. If you are not relying on public transport, you don't mind that its a few minutes drive to the closest shops and you quite enjoy the country feel - then this could be a great time to find a wonderful gem!

3. Neighboring Cities

Don't rule out a neighboring City. If you are moving and don't need specific schools, churches or communities - then what about considering a neighboring Town or City? You may find that because you are not requiring particular schools, you may be able to buy a home in comparable neighborhoods in a look alike City and not have to be in such a competitive demand bracket. 

4. Choose Your Real Estate Team

When looking for a home, choose a real estate team that is well connected and has a large network of staff and supported by a well known company. You will find that a team of agents with a big network have the most referrals. They will very often know about homes that are coming onto the market a long time before the event happens. That would give you a chance to get into the house as soon as the listing goes live and give you the advantage to get in an offer before anyone else.

5. Pocket Listings


Well connected real estate agents get to know about "pocket listings." This is inevitably someone who wants to sell and has given a mandate to his agent, but he does not want it marketed on the internet for all to see. By working with a big team and a big brand, Agents will know who to ask about pocket listings.

The Huerkamp Team are your real estate specialists in the Twin Cities and surrounding communities of Minnesota. We are ranked in the top 1% of agents nationwide! The Team is dedicated and experienced in the Twin Cities real estate market and we look forward to being your real estate agent for life! You will have a great experience buying or selling real estate. 
 We have many raving fans
 and the experience to deal with your real estate transaction.

CONTACT US

Search by City












 








  #realestatemarket, buyer tips, minneapolis lifestyle

Jason Huerkamp
14300 Nicollet Court # 208
Burnsville, MN 55306
612-314-6330

The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real Estate listings held by brokerage firms other than are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.” Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.” Copyright2019Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Data last updated October 22, 2019