Minneapolis, Edina and the surround suburbs Real Estate Blog - Real Estate

How to handle multiple offers and a bidding war in Bloomington MN

We can all agree that right now, lack of inventory & insatiable Buyer demand clearly makes this a Seller's market.

Positioning your home to go into multiple offers requires a clear strategy.   In the case of 5716 Mount Normandale Dr, Bloomington MN we sought to maximize the value in a number of ways we will cover below in this blog post.  The result was a listing that sold in a matter of a few days in multiple offers for over $140,000 above list price.  

Presentation 

Given the current supply chain challenges on nearly every front, now more than ever, Buyers value homes that don't require many improvements.  Because of this, Sellers are handsomely rewarded for move in ready homes. Properties that are thoughtfully updated and present well to the…

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5 things I wish I knew before buying an old home in Minneapolis

  Plenty of our clients come to us in search of a classic old Minneapolis home, something loaded with historical details that newer homes simply don't have.  Some buyers are looking for that 'fixer upper' while others are looking for something more along the lines of a move in ready.  No matter the case, there is a certain amount of due diligence these types of homes require relative to the rest when making a purchase.  Below are the top 5 things we recommend every one of our clients get comfortable with from the start.

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1.  KNOW THAT AN OLD HOME NO MATTER WHAT THE CONDITION, IS GOING TO BE A WORK IN PROGRESS.

  One of the first things to consider when purchasing an older home for sale in Minneapolis is maintenance. Any home is going to have a…

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A sight for sore eyes-Lunds grocery in downtown Minneapolis!

  Not too long ago in the mid 2000s when the development boom was in full swing there was plenty of talk about multiple grocers coming to downtown Minneapolis.  In 2006 Lunds eyed a small parcel on 12th and Hennepin with the hopes of putting a multi story grocery in the historic Reno Motor Company which was a car showroom built in the early 1900s.  A developer from out west had aquired the old Jaguar site on Hennepin and Washington with an ambitious plan to erect a tower with a Whole Foods at the base of the building.  There was even talk of a Trader Joe's going into the Mill District.  For a fleeting moment it was all going to happen-until the boom became bust.   

  Fast forward to 2012 and we are seeing glimmers across the downtown real estate…

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Trader Joe's coming soon to Uptown, Minneapolis

  Plans are under way for a future Trader Joe's to unfold in the Uptown area along Lyndale and 27th St in the coming months.  The only thing stopping the Minneapolis real estate development taking place are city and neighborhood approvals.

The Proposal
A new 14,000 square foot Trader Joe’s grocery and liquor store on the corner of 27th Street and Lyndale Avenue in the Wedge area of Minneapolis. This is just outside of Lyn-Lake and the core of Uptown. Currently the site is home to four buildings with two separate owners.

One owner has been in the neighborhood since the mid 60s, the Geurts family.  They own the Sunnyside Up Cafe/Coin Laundry building, the building that’s home to a tee-shirt shop and the building that’s home to Planet Soccer.  They feel…

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Minneapolis About To Get Another Development

  The past few months have been a flurry of development activity in downtown Minneapolis.  The latest news comes from a developer based out of Chicago who has been responsible for a significant amount of real estate development across the country: Magellan Development. 

  Plans call for 355 units of luxury rentals in a 36 story building that would be glass curtain wall in a sleek shape.  Ammenities would cover the tower such as 24 hour doorman, pool and fitness center. 

  If the developer gets approval from the city which could come in the next few weeks plans would unfold rapidly and initial lease up would start as early as the beginning of 2012.  if all goes according to plan occupancy would start early 2013. 

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