Tuesday, July 27, 2010

We're Number One for Working Moms

Accoring to the Minneapolis/ St Paul Business Journal, the Twin Cities has topped Forbes Magazine’s recently released list of the Top 20 Cities for Working Moters.

So what do they look at? Tjey look at cost of living, crime rates, unemployment rates, school systems and healthcare. Last year, New York was number one, this year the Twin Cities beat them out partially because there is a new emphasis on women’s earnings.

Some other highlights:
  • Annual crime rate of 216 per 100,000 residents puts Minneapolis at the top of that list
  • At 6.4 percent, Minneapolis’ unemployment rate is second lowest in the country
  • Minneapolis was 11th in women’s earnings

Saturday, July 24, 2010

What’s The Thing?

Only the coolest tool to hit the Minneapolis/St Paul housing market since open houses! It’s a tool created by the Minneapolis Area Association of REALTORS. It’s a very graphical depiction of the Twin Cities Housing Market.

On “The Thing” you can track, median sales price, percentage of original price, days on market, months supply, homes for sale, new listings, pending sales and closed sales. Not only do you get the numbers, you get graphs to help you immediate recognize trends. Figuring out the trends will give home buyer an idea of when they should pounce on their dream house, when they can think about things, when they should ask the full asking price and when they can negotiate.

Submitted by exclusive Minnesota home buyer agent, Mary Rugani


Thursday, July 22, 2010

Twin Cities’ population grows slowly

According to the Minneapolis Star Tribune the population in the Twin Cities is growing – but just ever so slightly. Apparently the Metropolitan Council reported that the seven-county metro area increased by only 12,000 residents in 2008-2009. The growth since 2000 has been 9 percent; we’re up to 2.88 million in the seven-county metro area.

Most of growth is attributed to “natural growth”, which means more births, fewer deaths and young people who aren’t moving away.

Again the Star Tribune reports…

The 15 fastest-growing communities between 2000 and 2009 are, in order,
Shakopee, Blaine, Woodbury, Lakeville, Maple Grove, Brooklyn Park, Eden Prairie, Prior Lake, Rosemount, Hugo, Farmington, Chaska, Savage, Plymouth and Ramsey.

Saturday, July 17, 2010

Minnesota: Home to the Home Concerts

There’s a trend out that that’s keeping Minnesotans sining - it’s private concerts held in homes, garages, anywhere… According to the Minneapolis Star Tribune, it’s a new trend…

House concerts are a folk tradition that's as old as "Oh! Susanna." But nowadays they're the stage for pop performers, too -- everyone from Wilco's revered Jeff Tweedy to Canada's Be Good Tanyas to your neighbor's aspiring singer/songwriter college student. Other arts -- dance, theater and even visual arts -- are being presented in Minnesota houses, apartments and back yards, as well.

These alternative gigs are less a response to tough economic times than a grass-roots strategy of reaching and building an audience. The Twin Cities blog Cake in 15 has been hosting 35-seat house concerts for indie-rock hipsters. And living-room performances have become special-occasion events for baby boomers who don't see much live music beyond arena concerts by old heroes like Elton John or James Taylor.

"There is a network of 300 to 400 people [around the country] who host events on a monthly basis; they're amateur promoters," says DiNizio, who will do 70 to 80 living-room gigs this year. "These house concerts are not for every artist. Not all of them have the right temperament."

It’s just another way that the Twin Cities stands out a little in terms of entertainment for all types. If it’s something that strikes you, you can check out the Star Tribune’s tips for home concerts.

Submitted by Minnesota REALTOR Mary Rugnai

Wednesday, July 14, 2010

Minneapolis Bike Share

Want a new way to get around Minneapolis? How about a rent-a-bike! Minnesota has a new program. Nice Ride is a non-profit organization, and anyone can become a subscriber. You simply take a bike when you need one, and return it to any station in the system when you arrive at your destination.

There’s a cost a cost but it’s very reasonable. In fact, quick trips (less than 30 minutes are free, while yearlong passes are only $60. There are Nice Ride stations all around the city

Tuesday, July 13, 2010

Eden Prairie is Tops

Eden Prairie is Money magazine's new best small city in America. That’s right – number one! Here are some of the Eden Prairie highlights listed in the Minneapolis Star Tribune:
    • At 5.1 percent, its unemployment rate is nearly 1 percentage point below the county rate and more than 4 points below the national average. It helps when you've got 50,000 jobs right in town.

    • The suburb has 17 lakes and parks laced with 125 miles of trails.

    • “Add in top-notch schools and safe streets and you've got a place that's tough to beat," the [Money] magazine says

Four other Minnesota cities ranked in the top 20: Plymouth (11), Woodbury (13), Eagan (15) and Apple Valley (20). With five cities in the top 20 ranking, I think we can assume that Minnesota might be *the* state for small cities.

Submitted by exclusive home buyer agent, Mary Rugani.

Monday, July 12, 2010

Water-Saving Irrigation Strategies

Simple, low-cost watering systems help you save water and money but still have a great-looking yard.

Almost one-third of the water your family uses-some 100 gallons a day on average-ends up on your yard and garden, according to the Environmental Protection Agency. Nationwide, more than 7 billion gallons a day go to landscape irrigation. If that weren't problem enough, as much as half that water is wasted. It falls on sidewalks or evaporates into the air before it ever reaches the ground. With a few simple changes to the way you water, you can save a precious resource and lower your bills at the same time. To remember the steps to take, just use our handy acronym: DIRTS, which stands for drip irrigation, recapture, timers, and sensors.

Drip irrigation sends water only where you need it

Drip irrigation systems can be a great way to save because they put water only where you want it. Unlike a soaker hose, which emits water all along its length, a drip system delivers water directly to plants' roots, which cuts down on waste and also reduces weeds.

A drip system is basically a long, thin plastic tube sitting on the ground or, less often, buried right below the surface. Small fittings, called emitters, release water at rates of one-half to four gallons an hour. The tubing is attached to your outside faucet with a valve. You can turn on the drip manually or put it on a timer. Some systems also let you adjust the water flow, which can help prevent overwatering.

Installing a drip system is pretty easy. Attach the valve, run the tubing, and insert the emitters where you want water. The number of emitters you need depends on what you're watering. A 10-foot tree that soaks up 60 gallons of water a week might need several emitters, while a small plant that only requires a couple of gallons would need just one.

A new drip system will cost about anywhere from $50 for about 20 plants to $200 or more for a whole yard. You can also convert your existing in-ground sprinkler system. Companies like RainBird make adapters that let you replace sprinkler heads with connectors for drip tubing. Going from sprinklers to drip irrigation can cut lawn water use by up to 50%, saving you about $70 off the average annual household water bill of $475.

Recapturing rainwater lets you irrigate for free

Plants love the purity of rainwater, and you can't beat the price. One inch of rain on a 1,000-square-foot roof provides 600 gallons of runoff. Depending on your local rainfall (http://maps.howstuffworks.com/united-states-annual-rainfall-map.htm), that could be enough to water your plants all summer.

All you need to harvest rainwater is a simple plastic or wooden drum with a spigot near the bottom where you can attach your hose. A 60-gallon model will set you back $75 to $150.

Just put the barrel underneath a downspout to catch rainwater coming off the roof. You'll need to attach a flexible elbow to the downspout so it feeds into the barrel. In areas of heavy rainfall, you can expand your storage capacity with $10 connectors that let water flow from one barrel to another.

A few cautions. Roofs made of asbestos shingles, treated cedar shakes, or old tar and gravel aren't good candidates for rainwater collection because the runoff may contain high levels of contaminants. To keep debris out and pests away, especially mosquitoes, cover your barrel with a fine mesh screen or lid. If you have kids, clamp the lid down to keep them from falling in.

Timers and sensors keep water waste to a minimum

Whatever watering system you choose, putting a timer on it will make your watering more efficient. Plus, if you live in a drought-prone area where watering schedules are restricted, a timer can keep you from getting a ticket.

Timer kits range from simple $20 dial models that screw onto the faucet and let you set on and off times manually to electronic controllers that let you program multiple on-off times and different watering schedules for different days of the week. If you want to track your water use, you can add a garden water meter for less than $10.

For even greater water savings, you need a sensor ($20-$30) that adjusts the water flow depending on how much rain you've had. These sensors measure either actual rainfall or the moisture in the soil, then automatically subtract that amount from the next watering cycle. Savings can be significant: A University of Florida study (http://www.eng.ufl.edu/newsroom/articles/detail_articles.php?id=528) showed that soil moisture monitors can cut water use by more than 50%.
You can even give your water monitoring a high-te
ch spin with an ET (evapotranspiration) controller. These "smart" controllers use real-time satellite weather data to make watering adjustments. They can also be programmed to adjust for soil type, weather conditions, and slope. Installation requires a professional, but savings can be 20% to 40%, according to the Irrigation Association (http://www.irrigation.org/). Many water agencies in the West give rebates to customers who install "smart" systems; in southern California, installing an ET controller qualifies you for a $200 rebate.

Laura Fisher Kaiser is a contributing editor to Interior Design magazine and a former editor at This Old House Magazine. The secret to her Washington, D.C., garden is blood, sweat, tears, and mosquito repellent.

Article From HouseLogic.com
By: Laura Fisher Kaiser
Published: September 21, 2009

Friday, July 09, 2010

Tips for FHA Loans

RIS Media just posted 7 Things all Borrowers Should Know about FHA Loans. We wanted to share the highlights here, please check out the full article for details.

1. FHA loans are not only for lower-income borrowers
2. FHA loans are not only for first-time buyers.
3. FHA loans are not just small loans; in fact, loan amounts can be as high as almost $800,000.
4. FHA loans are not affiliated with the section 8 housing program
5. FHA loans are often more affordable than conventional loans.
6. FHA-approved condo developments are more desirable to buyers.
7. FHA loans are assumable.

Submitted by Minnesota REALTOR, Mary Rugani.

Monday, July 05, 2010

Kitchen Redesign

Mary Rugani helped Patti buy a house. Patti was happy with the house but she had some ideas on how to make it better. Rick Snell (612-840-1308) was able to help. Last month we talked about improvements to the bathroom; this month we feature the kitchen with its newly sanded and painted cabinets and granite countertops – not to mention the improved conenction between the kitchen and the dining room.

It’s amzing what you can do with a vision and a couple of professionals to help you buy and renovate the home of your dreams:





Thursday, July 01, 2010

Understanding Real Estate Representation

Whether you're buying or selling, it's important to choose representation that meets your needs in the transaction.

You have choices when selecting representation in a real estate transaction. Here are five tips for understanding which type of legal relationship with a real estate professional, called an agency relationship, will best protect you when you buy or sell a home.

1. Buyer's agency
When you're buying a home, you can hire an agent who represents only you, called an exclusive buyer's representative or agent. A buyer's agent works in your best interest and owes you a fiduciary duty. You can pay your buyer's agent yourself, or ask the seller, or the seller's agent, to pay your agent a share of their sales commission.

If you're selling your home and hiring an agent to list it exclusively, you've hired a selling representative--an agent who owes fiduciary duties to you. Typically, you pay a selling agent a commission at closing. Selling agents usually offer or agree to pay a portion of their sales commission to the buyer's agent. If your seller's agent brings in a buyer, your agent keeps the entire commission.

2. Subagency
When you purchase a home, the agent you can opt to work with may not be your agent at all, but instead may be a subagent of the seller. In general, a subagent represents and acts in the best interest of the sellers and sellers' agent.

If your agent is acting as a subagent, you can expect to be treated honestly, but the subagent owes loyalty to the sellers and their agent and can't put your interests above those of the sellers. In a few states, agents aren't permitted to act as subagents.Never tell a subagent anything you don't want the sellers to know. Maybe you offered $150,000 for a home but are willing to go up to $160,000. That's the type of information subagents would be required to pass on to their clients, the sellers.

3. Disclosed dual agency
In many states, agents and companies can represent both parties in a home sale as long as that relationship is fully disclosed. It's called disclosed dual agency. Because dual agents represent both parties, they can't be protective of and loyal to only you. Dual agents don't owe all the traditional fiduciary duties to clients. Instead, they owe limited fiduciary duties to each party.Why would you agree to dual agency? Suppose you want to buy a house that's listed for sale by the same real estate brokerage where your buyer's agent works. In that case, the real estate brokerage would be representing both you and the seller and you'd both have to agree to that.Because there's a potential for conflicts of interest with dual agency, all parties must give their informed consent. In many states, that consent must be in writing.

4. Designated agency
A form of disclosed dual agency, "designated agency" allows two different agents within a single firm to represent the buyer and seller in the same transaction. To avoid conflicts that can arise with dual agency, some managing brokers designate or appoint agents in their company to represent only sellers, or only buyers. But that isn't required for designated agency. A designated, or appointed, agent will give you full representation and represent your best interests.

5. Nonagency relationship
In some states, you can choose not to be represented by an agent. That's referred to as nonagency or working with a transaction broker or facilitator. In general, in nonagency representation, the real estate professional you work with owes you fewer duties than a traditional agency relationship. And those duties vary from state to state. Ask the person you're working with to explain what he or she will and won't do for you.

Other web resources
More on hiring a real estate agent (http://www.nolo.com/legal-encyclopedia/article-30016.html)
More on real estate agents' roles (http://www.dllr.state.md.us/license/mrec/mrecrep.shtml)

Article From BuyAndSell.HouseLogic.comBy: G. M. FiliskoPublished: March 29, 2010

G.M. Filisko is an attorney and award-winning writer who zealously protected her clients' interests as a lawyer. A frequent contributor to many national publications, including Bankrate.com, REALTOR® Magazine, and the American Bar Association Journal, she specializes in real estate, business, personal finance, and legal topics.