Uncategorized March 4, 2026

How Much Should You Offer on a Home Right Now?

How Much Should You Offer on a Home Right Now?

One of the most common questions home buyers ask today is:

“How much should I offer on a house?”

The truth is, there isn’t a single answer because every home, neighborhood, and market situation is different. However, there are several key factors that experienced real estate agents analyze before helping buyers decide on the right offer price.

1. Understanding the True Market Value of the Home

Before my clients write an offer, I prepare a comparative market analysis (CMA) for that specific property — similar to what I would do if I were listing the home for sale.

This analysis looks at three important groups of homes:

  • Sold homes

  • Pending homes

  • Active homes

Each category tells us something important about what the home might actually be worth.

2. Sold Homes: The Most Important Indicator

Recently sold homes are the strongest indicator of market value.

Typically we review homes that have sold within the last 90 to 180 days, depending on how quickly the local real estate market is changing.

We look for homes that are similar in:

  • Square footage

  • Location (usually within 1–2 miles)

  • Age and condition

  • Features and amenities

These comparable sales give us the best indication of what buyers were recently willing to pay.

3. Pending Homes: Watching Market Trends

Pending homes help us determine whether the market may be moving up or down.

For example, if pending homes are being listed at higher prices than recent sales, it could indicate that home values are starting to increase.

While we don’t know the exact sale price yet, pending listings help identify current buyer demand.

4. Active Homes: Understanding the Competition

Active homes show us what the property is currently competing against.

This helps answer questions such as:

  • How many similar homes are available?

  • Are they priced higher or lower?

  • How quickly are homes selling in this price range?

By looking at active listings and recent sales, we can also estimate something called the absorption rate — essentially how quickly homes in that market are selling.

5. Days on Market and Buyer Competition

Another key factor is days on market.

Are homes selling quickly?
Are multiple offers common in this price range?

If homes are selling in just a few days with multiple offers, buyers may need to offer closer to — or even above — the asking price.

If homes are sitting longer, buyers may have more room to negotiate.

6. Not All Homes Are Priced the Same

In almost every market I see three types of homes:

  1. Underpriced homes designed to attract multiple offers quickly

  2. Fairly priced homes based on recent comparable sales

  3. Overpriced homes that sit on the market longer

Without reviewing the data behind a property, it’s impossible to know which category the home falls into.

That’s why writing an offer should always be based on real market data, not guesswork.

So what do you do?

While many buyers search Google hoping for a quick answer to the question “How much should I offer on a home?”, the reality is that smart offers are based on local market data, comparable sales, and current buyer demand.

The more information you have, the more confident you can feel about making the right decision.

If you have questions about making an offer or want help analyzing a property in the Twin Cities real estate market, feel free to reach out.

Text BUY to 952-994-7204 and I’ll help you determine the best strategy.

Uncategorized March 2, 2026

Sellers Pay Attention: What Today’s Home Buyers Really Want

Sellers Pay Attention: What Today’s Home Buyers Really Want

If you’re thinking about selling your home in today’s market, it’s critical to understand what buyers are actually looking for right now.

After 20+ years in real estate — and touring homes every single week with buyers — I can tell you this: buyer expectations have changed.

And first impressions matter more than ever.

1. Clean, Organized, and Move-In Ready

This may sound like common sense, but you would be surprised how many homes hit the market in disarray.

Buyers today are looking for homes that feel:

  • Clean

  • Well cared for

  • Organized

  • Maintained

“Move-in ready” doesn’t mean brand new or fully remodeled. It means a buyer could move in tomorrow without feeling overwhelmed by projects.

They may plan to paint or update later — but they don’t want to tackle repairs the day they get the keys.

2. Updated Kitchens and Bathrooms (Done Carefully)

If you’re considering improvements before listing your home, kitchens and bathrooms typically offer the best return on investment.

However, there’s a balance.

A fully remodeled kitchen next to outdated flooring and trim can make the rest of the home feel older by comparison. Updates should feel cohesive and neutral.

When preparing a home for sale, smart, strategic updates outperform emotional remodeling every time.

3. Location and Lifestyle Matter

Home buyers are also focused on convenience and lifestyle.

They care about:

  • Access to parks

  • School districts

  • Proximity to shopping and dining

  • Commuting routes

  • Nearby amenities

While you can’t change your home’s location, you can highlight its advantages. Many buyers relocating from across town — or across the country — may not know the area well.

Providing clear information about local amenities and neighborhood benefits can make a big difference.

4. Solid Mechanical Systems

One of the biggest shifts I’ve seen over the last two decades is this:

Buyers do not want repair projects.

Furnace, air conditioner, roof, windows — these need to be in solid condition. Today’s buyers are far less willing to “deal with it later.”

They want confidence that the home has been maintained.

The Bottom Line

You don’t get a second chance to make a first impression.

Preparing your home properly before listing can significantly impact:

  • Showings

  • Offers

  • Days on market

  • Final sale price

There’s much more that goes into a successful listing strategy, but these are the top themes I consistently hear from buyers when we walk through homes.

If you’re considering selling and want honest feedback on how your home would compete in today’s market:

Text HOMES to 952-994-7204.

Uncategorized March 2, 2026

What Buyers Are Looking for in Bloomington Right Now

What Buyers Are Looking for in Bloomington Right Now

If you’re thinking about selling in Bloomington in 2026, it’s important to understand what today’s buyers are actually looking for.

Bloomington continues to attract buyers because of its central location, access to major employers, and proximity to the airport and Mall of America. However, many homes in Bloomington were built decades ago, which means condition and updates play a major role in demand.

Right now, buyers in the $350,000–$600,000 range are looking for:

  • Updated kitchens and bathrooms

  • Move-in ready condition

  • Solid mechanicals (roof, furnace, windows)

  • Good access to parks, highways, and schools

This doesn’t mean you need a full remodel before selling. It does mean that presentation, pricing, and basic maintenance matter.

Homes that are positioned correctly are attracting serious buyers. Homes that ignore condition or price trends are facing longer days on market.

If you’d like to understand how your Bloomington home would compete in today’s market, I’m happy to walk you through it.

Text BLOOMINGTON to 952-994-7204 for a pricing strategy.

View Current Bloomington Homes For Sale

Uncategorized March 2, 2026

Are Lakeville Home Prices Still Rising in 2026?

Are Lakeville Home Prices Still Rising in 2026?

Many homeowners in Lakeville are asking the same question this year: are home prices still going up, or has the market leveled off?

The truth is, Lakeville remains one of the stronger markets in the south metro. While we are no longer seeing the extreme price spikes from 2021 and 2022, values have held steady in many neighborhoods, especially in well-maintained and properly priced homes.

Lakeville continues to benefit from:

  • Ongoing new construction

  • Strong school districts

  • A wide range of price points

  • Demand from families moving south of the river

The biggest difference in 2026 is that buyers are more selective. Homes that are clean, updated, and priced correctly are still attracting attention quickly. Homes that are overpriced or need significant work are sitting longer.

For sellers, this means strategy matters more than timing headlines.

If you’re wondering what your Lakeville home might sell for in today’s market, the best place to start is with a clear value range based on recent sales in your neighborhood.

Text LAKEVILLE to 952-994-7204 for a current market snapshot

View Current Lakeville Listings

Uncategorized February 25, 2026

What $400,000 to $500,000 Buys You in the Twin Cities in 2026

What $400,000 to $500,000 Buys You in the Twin Cities in 2026

If you’re shopping for a home in the $400,000 to $500,000 range in the Minneapolis–Saint Paul metro area, you’ve probably noticed one thing: what you get for your money depends heavily on location.

To show you how different this can be, let’s compare two nearby — but very different — cities: Lakeville, MN and Bloomington, MN. Both are excellent places to live, and each offers unique advantages for homebuyers.

Lakeville vs. Bloomington: A Price Comparison

Right now, the average price per square foot of recently sold homes is:

  • Lakeville: Around $192 per square foot

  • Bloomington: Around $203 per square foot

At first glance, those numbers look very similar.

However, when you look at average sale prices, there is a big difference:

  • Lakeville: About $520,000

  • Bloomington: About $400,000

So why is there such a gap?

The biggest reason is housing style and age.

Lakeville has a large amount of newer construction, larger homes, and newer subdivisions. These homes tend to have more square footage, modern layouts, and higher overall prices.

Bloomington, on the other hand, has many older and smaller homes. This often makes it a more affordable entry point for first-time buyers, even though the price per square foot is similar.

What Your Money Really Buys

When buying a home, price per square foot is only part of the story. What matters just as much is what comes with it.

In this price range, buyers should also consider:

  • School districts

  • Neighborhood amenities

  • Commute times

  • Proximity to Minneapolis, the airport, and major employers

  • Parks, trails, and shopping

  • Overall lifestyle

For example, many buyers choose Lakeville because they can get a newer home with more space, even if it means a longer commute.

Others prefer Bloomington because of its central location, shorter drive times, and established neighborhoods — even if the home is smaller or needs some updates.

Which Option Is Right for You?

Neither option is “better” or “worse.”

It simply depends on:

  • How you want to live

  • Where you work

  • How much space you need

  • Your long-term plans

The right home is the one that fits your lifestyle and financial goals.

Get Personalized Home Options

If you’d like to see what $400,000 to $500,000 can buy you in Lakeville, Bloomington, or anywhere in the Twin Cities, I’d be happy to help.

Text HOMES to 952-994-7204
for current listings and personalized recommendations.

Uncategorized February 24, 2026

5 Things That Sell Homes Faster in 2026

5 Things That Sell Homes Faster in 2026

If you’re reading this, you’re probably paying attention to the real estate market — whether you’re thinking about selling your home or buying your first one. Either way, what I’ve learned from my last five listings in the Twin Cities applies to you.

The 2026 housing market isn’t complicated — but it does reward preparation.

Here are five things that are making the biggest difference right now.


1. Cleanliness and Decluttering Build Buyer Confidence

The single most important thing you can control when selling your home is how clean and organized it feels.

Buyers notice everything.

If they see dust, clutter, pet hair, or signs of wear and tear, they start questioning how well the home has been maintained. Even small details matter — especially to buyers who don’t have pets or young kids.

Before every showing:

  • Vacuum and mop floors

  • Clear countertops

  • Remove excess furniture and décor

  • Minimize personal items

A clean home feels cared for — and that builds trust.


2. Your Online First Impression Matters More Than Ever

Today’s buyers use Google Maps and online tools before they ever step inside a home.

They zoom in.
They check the street.
They look at nearby roads, schools, and traffic patterns.

If your home sits near a busy road or high-traffic area, we need to address that strategically in pricing and marketing.

Accuracy matters — even your map location should be correct so buyers know exactly what they’re evaluating.

Your digital presence is your first showing.


3. Curb Appeal Still Decides Showings

Many buyers drive by a home before scheduling a showing.

They want to see:

  • The exterior condition

  • The neighborhood

  • Proximity to parks, schools, and amenities

If the front yard is cluttered with toys, extra vehicles, or loose items, it changes perception instantly.

You don’t need perfection — you need presentation.

Clean driveway.
Neat lawn.
Simple and tidy exterior.

First impressions still win in 2026.


4. Pricing Correctly Is Non-Negotiable

Price matters — in every market.

Overpricing doesn’t “leave room to negotiate.”

It reduces visibility.

Many buyers search within strict price brackets. If your home is priced just above those brackets, they may never see it.

Worse, higher-end buyers may compare your home to better-positioned properties and choose those instead.

The key isn’t discounting your home.

The key is:

  • Accurate market analysis

  • Understanding current buyer behavior

  • Positioning your home strategically

Correct pricing creates activity.
Activity creates competition.
Competition protects your value.


5. Flexibility in Showings Increases Your Odds

In today’s market, flexibility equals opportunity.

The more reasonable you are with showings, the more buyers can walk through your home.

That doesn’t mean accepting unreasonable requests. But it does mean:

  • Blocking out necessary times in advance

  • Approving showings when you’re available

  • Keeping your home ready

You may never get a second chance with a serious buyer.

Maximizing exposure increases your chance of receiving strong offers.


Selling in 2026 Requires Effort — But It Pays Off

Selling a home today isn’t passive.

It takes preparation.
It takes strategy.
It takes cooperation.

But when done correctly, sellers consistently walk away with stronger results — and more money in their pocket — than those who ignore these fundamentals.

If you’re thinking about selling anywhere in the Minneapolis–Saint Paul metro area and want a clear, honest strategy tailored to your home, I’d be happy to help.

Text MSP to 952-994-7204 to explore your options.

Uncategorized February 23, 2026

2026 Housing Market Trends for Buyers and Sellers in the Twin Cities

2026 Housing Market Trends for Buyers and Sellers in the Twin Cities

As of late February 2026, many buyers and sellers across the Minneapolis–Saint Paul metro area are wondering what’s really happening in the housing market. After a cold and snowy January, activity slowed slightly, and many people are concerned about low inventory.

While there may be fewer choices in some price ranges, there are still homes available. The market is active — it just requires the right strategy.

Interest Rates Are Starting to Stabilize

Recently, I spoke with David Lozinski at First Equity Mortgage, who shared that refinance activity has been increasing. He mentioned rates around 5.75% for a 30-year mortgage, depending on credit score, income, and overall financial profile.

This is a noticeable improvement compared to rates near 8% just

a couple of years ago.

No one can predict exactly where rates will go next. They may stay steady, drop slightly, or change again. For buyers, the most important thing is understanding what today’s rates mean for your monthly payment and whether buying now makes sense for your situation.

What Buyers Should Know in 2026

If you’re thinking about buying a home in the Twin Cities, focus on:

  • Your budget and monthly payment

  • Your long-term plans

  • Available inventory in your price range

  • Your financing options

With the right preparation and guidance, buyers are still finding great opportunities in today’s market.

What Sellers Should Know in 2026

For homeowners considering selling, there is good news: buyers are actively looking.

However, today’s buyers are more selective. Homes that are clean, well-maintained, and move-in ready tend to attract more interest.

This does not mean you need to spend $50,000 on upgrades.

It means:

  • Take care of basic maintenance

  • Make simple cosmetic improvements if needed

  • Price your home correctly for the current market

Proper pricing and presentation matter more than ever.

Is Now the Right Time for You?

Every buyer and seller has different goals, timelines, and financial needs. The best decision is always based on your personal situation — not just headlines.

If you’d like a clear picture of what the market means for you, I’m happy to help.

Text MSP to 952-994-7204
for a personalized home value and market strategy.

Uncategorized February 17, 2026

Home Values & Timing the Market: What Sellers & Buyers Need to Know in 2026

Home Values & Timing the Market: What Sellers & Buyers Need to Know in 2026
The question never goes away: What is my home worth, and when is the right time to sell? Everyone wants an edge—buyers and sellers alike—and I don’t blame anyone for trying. But here’s the reality I’ve learned after more than 20 years as a real estate agent in the south metro (Lakeville, Apple Valley, Eagan, Burnsville, Bloomington, and beyond): I can give you a clear, data-driven answer on home value, but timing the market perfectly? That’s impossible. Why Timing the Real Estate Market Is So Hard It’s no different from trying to time the stock market. Too many unpredictable factors are in play: interest rates, inventory levels, economic shifts, buyer psychology, seasonal trends, and even local events. No one has a crystal ball. What we do have is reliable data to make the smartest possible decision right now. How I Determine Your Home’s Value (The Part I Can Answer)Every time I work with a seller or buyer, I pull together a current market snapshot:

  • Recent sold comps — Homes like yours that sold in the last 90–180 days.
  • Pending homes — Properties under contract that reflect current buyer demand.
  • Active listings — Your direct competition right now.
  • Coming soon — Homes about to hit the market.

I combine all of this into a realistic range of value—not a single number, because markets move. This range is typically accurate for 90 days in a stable market; in fast-moving conditions, it can shift sooner. This isn’t guesswork—it’s the clearest picture of what your home is worth today in Lakeville, Apple Valley, Eagan, Burnsville, Bloomington, or wherever you’re located. The Tricky Part: Timing the Market You can’t know exactly when the peak or bottom will hit. But you can assess the current conditions and make an informed move:

  • Spring market in Minnesota is traditionally the busiest—more buyers, more showings, more offers. But the exact start varies every year.
    • I’ve seen it kick off as early as January 2.
    • I’ve seen it delay until mid-May.
  • Waiting for “perfect” timing can backfire. If you pass on a home you love because you’re holding out for more inventory, there’s no guarantee 10 similar homes will appear later.

Everything is a risk. The goal is to calculate and minimize that risk by gathering the right data and acting decisively when conditions align with your needs. How to Decide: The Practical Approach

  1. Get your current home value (I’ll run the numbers for free—no obligation).
  2. Evaluate your next purchase target (affordability, location, features).
  3. Look at today’s market: low inventory + strong buyer demand = seller’s advantage; high inventory + cooling rates = buyer’s opportunity.
  4. Decide your timeline: Are you in a hurry (job transfer, life event)? Or do you have flexibility to wait for the best window?

The more information you have, the clearer the path forward. If you’re wondering about home values in Lakeville, Apple Valley, Eagan, Burnsville, Bloomington, or the south metro—or whether 2026 is your time to sell or buy—reach out. As a real estate agent in Lakeville MN with over 20 years helping clients time the market and maximize outcomes, I’ll give you honest, data-driven insight and a plan that fits your goals.

Curious about your home’s current value or the best time to move in 2026? Text or call me today, Tom Sommers with Coldwell Banker Realty, for a free, no-obligation market analysis. Let’s make your next step the right one.
Uncategorized February 14, 2026

Downsizing Done Right: Tips for Empty Nesters – Part 5: Unlocking & Using Your Home Equity

Downsizing Done Right: Tips for Empty Nesters – Part 5: Unlocking & Using Your Home Equity
Equity release is one of the biggest (and most common-sense) benefits of downsizing for empty nesters in the Minneapolis Saint Paul metro area—especially in the south metro (Lakeville, Apple Valley, Eagan, Burnsville, Bloomington, and surrounding communities). After 20+ years in a home, many people have built substantial equity—often enough to buy a smaller townhome or condo in cash and still have money left over. Here’s how it works and what to think about next.
How Equity Builds & Why It’s Like a Forced Savings Account

  • You make monthly mortgage payments → principal goes down, equity goes up.
  • You get tax deductions on mortgage interest and property taxes.
  • Your home appreciates over time (historically 3–5% annually in the Twin Cities area).
  • After 20+ years, many empty nesters have their home paid off or with a very small mortgage remaining.

This equity is real money you can access when you sell. Example: A $500,000 home with $100,000 left on the mortgage could net $350,000–$380,000 after commissions and closing costs (depending on market conditions).

What You Can Do with That Equity

  1. Buy your next home in cash
    Many clients sell their larger single-family home and purchase a townhome or condo outright—no new mortgage, no monthly payment (just HOA fees, taxes, utilities). This eliminates debt and simplifies retirement cash flow.
  2. Pocket the leftover cash
    If you buy a smaller place for $250,000–$350,000, you could walk away with $100,000–$200,000+ in your pocket. Options include:

    • Index funds or safe investments (talk to your financial planner).
    • Supplement retirement income (interest/dividends as passive cash flow).
    • Travel, hobbies, family gifts, or emergency fund.
  3. Invest in passive income
    A few clients use part of the equity to buy a rental property—creating monthly income in retirement. This can be a smart way to keep growing wealth while downsizing your primary residence.
  4. Avoid renting long-term
    Rent costs have skyrocketed in Minnesota. Owning a paid-off townhome or condo (with only HOA fees, taxes, and utilities) is usually far cheaper and more predictable than renting long-term.

Key Considerations Before Downsizing

  • Talk to your financial advisor and tax professional — They can run the numbers on capital gains exclusion ($250k single/$500k married), investment options, and tax-efficient ways to use equity.
  • Understand your net proceeds — Sale price minus mortgage payoff, commissions, closing costs, moving expenses.
  • Plan your next move — Will you stay local (townhome/condo) or go snowbird (second home in a warm state)?

Downsizing isn’t just about a smaller home—it’s about unlocking equity to fund the retirement lifestyle you want. Whether you buy in cash, invest the surplus, or create passive income, the financial freedom can be life-changing. If you’re an empty nester in Lakeville, Apple Valley, Eagan, Burnsville, Bloomington, or the south metro thinking about downsizing in 2026, let’s talk. As a real estate agent in Lakeville MN with over 20 years helping sellers and buyers make smart transitions, I’ll help you calculate your equity, run the numbers, and plan your next chapter.

Ready to unlock your equity and downsize right? Text or call me today, Tom Sommers with Coldwell Banker Realty, for a free, no-obligation consultation. Let’s make your retirement dreams real.
Uncategorized February 13, 2026

Downsizing Done Right: Tips for Empty Nesters – Part 4: Dreaming of a Lifestyle Shift?

Downsizing Done Right: Tips for Empty Nesters – Part 4: Dreaming of a Lifestyle Shift?
For many empty nesters in the Minneapolis Saint Paul metro area—especially in the south metro (Lakeville, Apple Valley, Eagan, Burnsville, Bloomington, and surrounding communities)—the biggest motivator for downsizing isn’t just finances or maintenance. It’s the chance to finally live the lifestyle they’ve always dreamed of.
What Could Your Life Look Like After Downsizing?

Retirement opens up an unbelievable number of options. Here are the dreams I hear most often from my clients:

  • Travel the world — No more yard work or house repairs tying you down. Sell the big home, pocket equity, and go explore. I’ve had clients take extended trips to Europe, Asia, or cruise the world after downsizing.
  • Move closer to family — Many want to be near grandkids, even if that means relocating out of state. Downsizing frees up the cash and flexibility to buy or rent closer to loved ones.
  • Become a snowbird — Spend Minnesota winters in Florida, Arizona, Texas, or another warm climate. Keep a small townhome or condo here for summers and holidays—many of my Lakeville clients do exactly this.
  • Live simpler and safer — No stairs, single-level living, low-maintenance homes. This is huge for people who want peace of mind as they age.
  • Pursue passions — Golf more, volunteer, start hobbies, spend time with friends—whatever brings joy instead of chores.

Whatever your dream, downsizing can make it real. The key is planning ahead so you don’t miss the opportunity.

3 Key Things to Consider Before Downsizing

Here’s a practical checklist to start building your plan:

  • Know your financials
    Calculate your bottom line: sale proceeds minus selling costs, plus any new home/relocation expenses. Factor in taxes, HOA fees (if moving to a townhome/condo), and ongoing living costs in your new setup.
  • Understand market timing
    When is the best window to list and sell? Spring markets often bring higher prices and faster sales, but low winter inventory can work in your favor. Get current data on absorption rate, inventory, and comps in your area.
  • Create a clear action plan
    Map out the steps from listing your current home to closing on the next one. If organization and planning aren’t your strengths, that’s where a good agent shines—I’ve helped hundreds of south metro empty nesters move from large homes to townhomes or condos, turning retirement dreams into reality.

Downsizing isn’t just about a smaller house—it’s about reclaiming your time, freedom, and joy for the life you actually want to live. Whether it’s travel, family, snowbird winters, or simple single-level living, the options are endless when you plan ahead. If you’re an empty nester in Lakeville, Apple Valley, Eagan, Burnsville, Bloomington, or the south metro dreaming of a lifestyle shift, let’s talk. As a real estate agent in Lakeville MN with over 20 years helping sellers and buyers make smart transitions, I’ll help you run the numbers, time the market, and create a step-by-step plan that makes your next chapter epic.

Ready to downsize right and live the life you want in 2026? Text or call me today, Tom Sommers with Coldwell Banker Realty, for a free, no-obligation consultation. No more excuses—let’s get started.