Sharlene Hensrud's (shensrud) Blog

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Buying a home in Minnesota? Here are three questions you should be prepared to answer at the closing table.1) How do you want to take title? Most married couples go into title as joint tenants, which means that if one dies their portion automatically goes to the other. Tenants in common don't hav...
If  you long to live at the lake without having to travel away from the city, it would be hard to pick a metro area better than the Twin Cities of Minneapolis and St. Paul. There are currently over 250 lakefront homes for sale in the Twin Cities, ranging in price from $170,000 to $15,795,000!LAKE...
There are more than 100 suburbs surrounding the Twin Cities of Minneapolis and St. Paul, but only 15 are first-ring suburbs… cities which touch either Minneapolis or St. Paul. These cities are still close to the city for easy commuting for both business and pleasure, and often have many things i...
Thinking of buying or selling a home? Here are some random bits of real estate wisdom… Location is so important because you can’t change it Going on a home tour? Wear shoes that are easy to slip on and off Get pre-approved for financing as soon as you start thinking seriously about buying so if y...
For the first time on record, average sale prices in May 2018 were 2% higher than list price. That’s good news for sellers, and instructs buyers in how competitive the market is right now. I have experienced situations where the winning bid was $25k-$35k, or even more, over list price!With averag...
With home values appreciating at record rates, some are concerned that we may be heading for another housing bubble like the one we experienced a decade ago. In fact, this is one of the most common questions I get right now. I think this article from my Simplifying the Market blog explains it pre...
Are you bursting at the seams, wondering if it is time to sell the house you bought when you were single or BC (before children) and move up to a bigger home? The time has never been better for sellers… but when you are also buying there are more things to consider.Know your reasons for movingThe...
Minnesota is the third best state in which to grow old, according to 24/7 Wall Street. They cite statistics that only 7.2% of people over age 65 are below the poverty rate (7th lowest in the nation) and life expectancy at birth in the 2nd highest in the nation, at 80.9 years. There also is a high...
With such a shortage of inventory, many potential move-up home buyers are afraid to sell for fear of not finding another home to buy and being left homeless.Most people are familiar with the buyer contingency of their purchase being contingent upon the sale or closing of their current home so the...
When we are working with home buyers, some of the most consistent and important questions we get are about the condition and history of a home. Our inspection partners at Structure Tech Home Inspections recently added BuildFax reports as part of their services when they inspect your home.It disti...

Sharlene Hensrud

Realtor. Listener. Knowledgable. Patient.
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