Wyoming Housing Market June 2015

house with handsConsidering selling or buying a home in Wyoming MN? Check out the newest market report.

http://www.spaar.com/statistics/LMU/CurrentMonth/Wyoming.pdf

A few highlights are:
– The average sales price is $229,813
– Cost per square foot is up 5.6% at $112.00
– Days on market before sale is currently at 81 days

As a real estate professional I am always looking for buyers and sellers who are interested in working with an agent who is knowledgeable, and understands the current market. Let me show you what your current home will likely sell for. If you are looking to buy a home, let me listen to your needs and help you to find the perfect home. Whether you are a first time home buyer or you have been a home owner there is always more to learn about the process. No one likes surprises. Work with a team that supports you in all ways real estate.

Kim Woehl – Red Key Realty – 651-214-1459

That Stinks! Marketing with Fragrance – Home Selling

29108_basic_apple_pie_620As a real estate professional I hear it often.  What is that smell?  There are of course good smells and bad smells and sometimes this is up to your own personal preference.  No one wants to smell garbage, dirty laundry, pet odors, urine, mold or mildew or that wet stagnant smell.  Potential buyers need to feel comfortable and be able to think about how they might arrange their furniture or hang photos.  They do not need to be wondering how they can remove the “stink”.

We need to be careful to not mask these smells but rather eliminate them.  Once eliminated then you might find it appealing to add a bit of “good smell” to your home.  Research says that certain smells attach to our emotional self.  smells or fragrances from our past that were pleasant experiences bring back positive memories.

Have you been to the local mall lately?  Stores are using fragrances to get you to take out your card.  Its working.  Does this marketing work for home selling?  Research says yes!

My personal favorite is apple cinnamon.  It reminds me of my Grandma’s pies, piping hot coming out of the oven.  I especially love this around the holidays.  Lavender is another common fragrance that is said to be calming.  Do you want your potential buyers to feel relaxed as they tour your home?  The rage this time of year is pumpkin.  We find it in everything from candles to coffee, ice cream to snack cakes.

Now that we have covered “what stinks”, we also need to listen to this huge bit of advice.  Invite in a few friends that can be honest with you.  Ask them if they smell any smells in your home.  We grow accustomed to our own environment and often times can no longer recognize or notice an odor, but your friends will.

Kim Woehl is a real estate professional with Keller Williams Premier Realty.  Before you list your home with someone else, consider giving me a call.  It might make scents!  651-214-1459

Investing in a Rental Home – Consider this.

Looking to invest in real estate?  Contact Kim Woehl - Keller Williams Premier Realty  651-214-1459

Looking to invest in real estate? Contact Kim Woehl – Keller Williams Premier Realty 651-214-1459

We buy a home hoping that it will increase in value.  We watched for years as homes made a steady upward climb.  It began to seem almost impossible that this steady progression would stop, but it did.

Just like any investment we don’t have a lot of control over what ultimately happens when it comes to the market.  This said, we do have control over where to buy, how much to spend and how much to improve the property.

Consider for a moment that you purchase a home with the idea that it will never appreciate.  Even if the price of the home never goes up, you still are collecting monthly rental income while you pay down the mortgage.  You can also increase the property value by making updates that will bring value to the home.  How much can you afford to lose.  Before buying is the time to decide how much risk you can take and if investing is right for you.

 

Mom and Dad Spaces – Dealing with Aging Parents

rocking chairMore and more families are going back to years gone by and making spaces for aging parents.  Some are adding additions so that parents can have separate living quarters and yet have their family very near by.  Others opt for a shared space with a bedroom devoted to mom, dad or both.

When my husband and I were young we built our first home.  While we were in the construction phase we bought a camper and moved it to my parent’s farm.  This worked pretty well as we hooked up to their sewer and used their water.  We had our own space and this worked for us even though it was cramped and did not allow for a lot of storage.  It was a short term living space.

As fall came and then the snow, it became too difficult to keep the little camper heated and we had to refill the fuel tank daily.  My parents let us move into their home for the last month of construction.  We made it work.  We were all a bit more cramped and my hubby and I shared a place on a pull out couch that had to be cleaned up and put away daily in their living room.  We were both allergic to cats and my parents had several.  It worked, but wasn’t the best living arrangements.  Let’s say we were happy to finally move into our new home and they were happy to see us move out and into our new space.

There are certainly things to consider when having your parents or your spouses move into your home.  Will it be separate, will you plan to hang out during the day, will noise be a factor, will you be sharing meals, will you have them sign a lease or will they be allowed to occupy the space for free?  Planning for success will bring success and many families are doing it already.  What a great way to save on rent, lower housing expenses and keep your parents near as they age.  I would love to hear success and horror stories and of course any tips you might have.

Kim is a real estate agent working in the north metro area with Keller Williams Premier Realty.  Let her find you your next home.  Perhaps a home large enough to support your family and a space for mom or dad!

Here is a you tube clip that will give additional considerations to shared space living.  http://youtu.be/XDZdMAJ7KOA

 

 

Companion Animal, Service, or Pet? Landlord’s Need to Understand the Difference!

This is the internationally recognized symbol ...

This is the internationally recognized symbol for accessibility (Photo credit: Wikipedia)

Landlords need to be careful when it comes to who is a pet and who is a companion.  Yes, I am a pet person and so pets are people in my world, but that is beside the point.

Generally if a landlord allows pets he/she also charges an extra deposit and/or a monthly surcharge to allowing the pet.  There are of course other rules that apply such as size, number of pets, where they can be exercised or allowed to go potty, and the like.

Kim Woehl - Keller Williams Premier Realty - 651-214-1459 kwoehl.kwrealty.com

Pet, companion or service animal – know the difference!

So, when a prospective tenant comes to your door and wishes to apply and hands you a doctors note letting you know that they have a companion animal to help them be successful with (fill in the disability here), they will not be required to pay the above.  This is required by the Fair Housing Act.

The Fair Housing Act has been around since 1998 and gives certain rights to those with handicaps.  A handicap is defined as, “a physical or mental impairment which substantially limits one or more of such person’s major life activities”.  A companion animal does not need the specialized training that a service animal might need.  This can be confusing so it is why I am trying to share it here.

The law requires landlords to make a “reasonable accommodation” for a disabled person.  So what does this look like for a landlord?  It would be recommended that he/she creates a policy, rule, or procedure to allow a person with a disability to be able to fully enjoy and use their premises.  To further define reasonable I recommend a stop by the American’s with Disabilities Act at http://www.ada.gov/

If still in doubt it might be a good idea to seek legal advice to make sure you are in compliance in being reasonable and in making accommodations.