If you need assistance, please call 651-998-2098

Sellers Market | Sandy Erickson Real Estate Team Blog

Friday, April 1, 2022   /   by Brittany Aspenson

Why You Shouldn’t Worry About a Crash

Here’s why we likely aren’t heading for a crash anytime soon.

Our market has been hot for a long time, causing many people to wonder if another market crash is just around the corner. Fortunately, our market is nothing like it was back in 2008, and today I want to talk about why. 
 
The first reason why our market isn’t like 2008 is that housing remains affordable. Three key factors determine affordability in a market: interest rates, wages, and home values. When we compare the two markets, our home values are high, just like in 2008. However, interest rates are lower than in 2008, and wages have increased over the last few years. Because of this, houses are still relatively affordable even though values keep increasing. 
"We’re currently in a great lending environment."

Another difference between this market and 2008 is our mortgage standards. Lenders tightened their standards after the crash, and things haven’t changed since th ...

Read More


  home selling, buyer's, seller's, sellers market, homeowners

Tuesday, March 1, 2022   /   by Brittany Aspenson

When Is the Best Time To Enter the Market?

Four tips to help you time your move in our real estate market.
When is the best time to enter the real estate market? I receive many questions about this from people considering buying or selling a home. Sometimes people need to move for financial or personal reasons, which will trump any market conditions at the time. However, if you’re able to time your move, here are four things to think about that may help you decide when the best time is:
1. Market timing. There are three different types of markets: a seller’s market, a buyer’s market, and a balanced market. We’re rarely in a balanced market, and when we are, it’s not for long. As you likely know, we’re currently in an extremely strong seller’s market. 
If you’re looking to buy, you’ll have to decide if you should do so in a seller’s market. If you need to sell and buy, you’re participating in both sides of the market, so it essentially comes out even. If. ...

Read More


  home selling, seller's, selling house tips, sellers market

Monday, January 24, 2022   /   by Brittany Aspenson

Buy First, Sell Later...it IS Possible!

We know the idea of buying another home when you have a home to sell can feel overwhelming... especially in this low inventory market. We want to share some exciting news with you that we have financing tools that are not only effective, but convenient!
Our Home Swap option provides homeowners who qualify (and MANY do!) the ability to buy their next home without their current home being sold yet. Our Refresh program offers cash assistance to help if your current home needs work prior to listing. And we also can facilitate a CASH OFFER for those looking to make the process super simple! Finally, our Multiple Offer Strategy will ensure selling at the highest price in this Seller's Market. 
These options help alleviate the fear and challenge of listing your home then trying to compete for the next, all within a designated time frame. You can't go wrong! It's an amazing opportunity if you are looking to MOVE and take advantage of historically low interest rates.
In this market, it ...

Read More


  home selling, selling house tips, moving, top realtor in twin cities, best real estate agent, sellers market

Thursday, January 20, 2022   /   by Client Care Coordinator

4 REASONS TO SELL YOUR HOUSE IN THE WINTER

The 4 Reasons to Sell your house in the Winter are simple.

1.  Supply - There are fewer sellers willing to sell their home during the cold weather months, so you have less competition.  The highest influx of your competition generally runs from February through July, so smart home sellers list when competition is low.
2.  Less Work for You! - Properly preparing your home for sale requires a lot of work up front.  During the peak real estate season, your first impression is the curb appeal and font yard.  During the Winter, there is much less to prepare and maintain.  While it's still important to give your home nice curb appeal in all seasons, there will be no landscaping or lawn care to worry about.
3.  Serious Buyers! - Spring and Summer buyer's include many "Window Shoppers", which means you must leave your home for every showing and open house.  That is the biggest inconvenience to sellers while their home is for sale.  During t. ...

Read More


  home selling, seller's, selling house tips, top realtor in twin cities, best real estate agent, sellers market, selling a condo, selling a townhome

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 Sandy Erickson Real Estate Team - Realty Group LLC are marked with the Broker ReciprocitySM logo or the Broker Reciprocity 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. Copyright2022Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Data last updated December 9, 2022
This site powered by CINC: www.cincpro.com