Ben Kolkman's Real Estate Blog

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ARCHIVED BLOG POSTS

2008 

Inspections are a critical part of home buying.  They are also a problematic point in the deal.  After negotiation, after a deal is struck, then we inspect, and really find out what were buying.Most Inspection Contingencies allow the buyer to re-negotiate the contract post inspection.  But I sugg...
02/27/2008
Real estate isn't like football, or any sport, with a winner and looser.  It's not a battle between, Buyer and Seller, it's an agreement.  If both parties don't want the deal, it just won't happen.  Success is getting it done, Success is working out a deal everyone's happy with.This fundamental s...
02/27/2008
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The ‘old' rules still apply1. "Location, location, location"The most important factor to buyers in a 2007 survey from NAR 65 percent of all respondents) was the "quality of the neighborhood." More importantly, offer prices and list prices vary greatly by price, neighborhood and property type.  Be...
02/26/2008
Well the RREAR is out! That's the 2007 Residential Real Estate Activity Report prepared by the Minneapolis Area Association of Realtors (MAAR). If you like to toss around real estate stats at parties this is your meal ticket! It is truly an awesome read for real estate buffs. MAAR continues to ou...
02/26/2008
Supply and Demand are a driving force in any market.  In the real estate market, supply and demand are currently the most important single factor to consider.  Quick Caveat - I think the current market is a good one.  I represent buyers and sellers.  In this marker my clients are by and large get...
02/26/2008
The Twin Cities Real Estate Market is as volatile as the weather, warm/cold/warm/cold.  The market is generally flooded with listings, and this long term issue will take many months to correct.  But a strong under current of demand keeps things interesting.  Buyers continue to show strong interes...
02/25/2008
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02/25/2008
Eden Prairie continues to rise in spite of soft market condition elsewhere.  While the Metro area's average sales price drops, and in spite of neighboring communities doing the same, Eden Prairie posted a 12.1% rise in the average sales price for 2007.Average sales price can be a misleading stati...
02/19/2008
Pending sales rose 18% this week!  Things are looking up in the Minneapolis Market.  This is exactly the kind of market activity we need to see to return to healthy market conditions.  As we sell off inventory we'll begin the recovery.  While an 18% increase in pending sales is a good start, new ...
02/19/2008
Both Pending Sales and New Listings are up this week.  Not a big surprise.  The news is that Pending Sales are only up a very small amount, while the number of New Listings rose significantly.  Therefore we are left with a net increase to the available inventory.     The "health" real estate mark...
02/13/2008
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Ben Kolkman

Real Estate Author & REALTOR, Southwest Minneapolis & Edina Minnesota
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