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Finding The Right Home | Sandy Erickson Real Estate Team Blog

Thursday, May 5, 2022   /   by Brittany Aspenson

Where To Find a Less Competitive Market

A few markets where buyers will face less competition for homes.

Many buyers are either uncomfortable or unable to compete in the many multiple-offer situations throughout our Twin Cities market. Today I wanted to talk about some of the less-competitive markets where you may have more time to make a decision and less pressure to offer so much over asking price. 

The first market to look at is the downtown condo market of Minneapolis and St. Paul. Minneapolis has 3.5 months of inventory, and St. Paul has 2.5 months, which is quite a bit more than most markets. The suburbs of these areas are more competitive, with just 0.9 months of inventory. Given that there’s more supply to choose from, you’ll have more time to consider your decision and make the best choice.
The prices in this market are good, too. The list-to-sales price ratio in Minneapolis is 99%, St. Paul’s is 100%, and it’s 102% in the outer suburbs. That means you won’t have to bid as ...

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  buyer's, home buyer tips, buyer questions, finding the right home

Wednesday, September 11, 2019   /   by Client Care Coordinator

How to find your "right" home - A Quick Guide to Making that BIG Decision

September 11, 2019 at 10:22am | Sandy Erickson

For home buyers, acquiring your dream home may not be as simple as saying that you want a “two-story house with
a garage in a quiet neighborhood.” Clearly, there’s so much more to a home than that. You should not be restricted
to the price either since it is only part of the bigger process.
You must closely think of what you really desire in your home. Perhaps it will help to prepare a list of features that
you prefer. Here’s a quick list of the parameters, home features and amenities that could guide you in finding that
dream home of yours.



Location and Neighborhood
Suburbs or Country - The houses here are generally more expensive but often newer. These are also farther from the cities.
Urban - Closer to many employers, entertainment districts, restaurants and schools, but also often noisier.
Busy Streets - Often, these are homes on streets with more traffic.
Cul-de ...

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  buyer's, buyer questions, quick guide, finding the right home, finding the right house

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