Real Estate
Given A Hot Housing Market, What Pitfalls Await Buyers Who Forgo Inspections?
It's the time of year when "For Sale" signs fill front yards. But good luck if you're trying to buy in Minnesota.
June 29, 2021
The red-hot housing market has buyers getting creative in order to land their dream home. They’re even using tactics not often advised in order to sweeten their offer. What risks are home buyers making in this market? And can buyers avoid them while staying competitive? Good Question.
Find out what's happening in Across Minnesotafor free with the latest updates from Patch.
It’s the time of year when “For Sale” signs fill front yards. But good luck if you’re trying to buy in Minnesota.
According to Minnesota Realtors, there were 18,074 homes on the market in May 2020. In May 2021, it dropped 50.5% to 8,953. The limited inventory is driving up prices. The average sale price for a home in May 2020 was just $299,637. In May 2021, it jumped 20% to $361,325.
Find out what's happening in Across Minnesotafor free with the latest updates from Patch.
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