Warmer Temps Tempt Buyers

Spring helps MN Real Estate

The warmer temperatures over the past weekend that have continued through this week have done more good than melt snow and ice. The warm spell has brought home buyers out in flocks (in addition to more daylight). If you had been out shopping the Twin Cities real estate market over the past weekend you were probably likely to see others doing the same. Showings on our listings spiked and open house traffic also increased. While this is great news for sellers it can be a downer for buyers. I have experienced more multiple offer situations recently on both sides of the fence either representing buyers or sellers than I have since the early fall of 2008.

What does this mean for buyers?

If you are a an active buyer in this market you should be prepared for multiple offer situations. Especially if you are targeting Minnesota foreclosures and short sales. My buyer clients frequently ask me how they can secure a property when there are so many interested parties. The fact is, there is no magic bullet or one answer for this question. There are many ways to entice a seller to choose your offer, and the situation is different every time. The buyer’s agent has to know what terms the seller really wants, and if the buyer is happy with the terms that buyer will end up with the property. I have a lot of experience dealing with multiple offers with both sellers and buyers. If you would like a few private tips please shoot me an email. Happy Property Searching!

Jesse Grumdahl is a Minneapolis Real Estate Broker and Realtor who is a short sale listing expert in Minnesota (with the #1 Re/Max Team in Minnesota for the last three years) who sharply focuses his energy on short sales and foreclosures in the Twin Cities metro area. Mr. Grumdahl does so with the help of his full-time, in-house staff that will always put his clients’ best interests first and foremost. Jesse can be reached at our contact page or directly at Jesse@BuyMinnesota.com or 612-968-2161.