Your National Resource For Duplex Ownership

National Resources for Duplex Owners

Welcome to DuplexChick, your online destination for duplex ownership information.

Whether you're thinking of buying your first duplex home, or an experienced investor looking to sell, DuplexChick can provide you with up-to-date market information, tips on investment property ownership, and when youíre ready to buy or sell, help you find a Realtor who specializes in these unique properties right in your area.

Considering Buying? See how a duplex specialist can help you get a better deal

Considering Buying?

While every Realtor can sell you a home, not every agent can do the necessary financial analysis to find a duplex that is a good investment. Click here for a neighborhood duplex specialist who can help you meet your financial goals.

Sign Up For Our Free Duplex Buyer's Guide

Considering Buying? See how a duplex specialist can help you get a better deal

Considering Buying?

Unlike single family home owners, duplex owners facing foreclosure must also contend with potential tax consequences. Whether you are an owner occupant or duplex investor enduring the stress of being behind on mortgage payments, or needing to sell even though you owe more than your duplex is worth, a short sale can help reduce damage to your credit and tax obligations.

During this stressful time, let one of our Realtors who is an expert carry the load.

Thinking of Selling?

What If I Need To Sell? Regardless of market conditions, learn the tips and tricks to maximize your equity!

Sign Up For Our Free Duplex Seller's Guide

Kari Lundin, Keller Williams Realty Integrity

7401 Metro Blvd Suite 350, Edina, MN 55439 tel. (612) 290-5998

Featured Articles

Minneapolis Passes Accessory Dwelling Unit Zoning Code Amendment 12.05.14

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minneapolis allows accessory dwelling unitsThe Minneapolis City Council passed a zoning code amendment on December 5, 2014, which allows accessory dwelling units (ADUs) citywide on lots with single family homes or duplexes.

An ADU, which may also be called a “granny flat”, carriage house, or “mother-in-law apartment” is a self-contained living unit that can be located within the walls of an existing property, included in new construction, or put in an additional building on the property.

This should help provide seniors with a way to age in place, as well as gradually provide more housing units to the city over time.

 

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Is Your Minneapolis Duplex Worth The Number You Want To Hear? 12.01.14

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Minneapolis Duplex ValueIs the Realtor who tells you the highest price for your duplex the best agent for the job of selling it?

When it comes to getting a listing, some Realtors will tell you what you want to hear. They’s say your property is worth thousands of dollars more than the other agents, just to get the listing.

Then, when it sits on the market month after month, they will ask you for a price reduction. And by that time, the biggest wave of qualified buyers who are already in the market looking for property will have passed.

When it comes to selling your duplex, it’s important to remember Realtors do not determine the value of your property; the market does. A Realtor’s job is to help you interpret market data in order to price your duplex competitively.

That price will not be based on what you need or would like to have in your bank account after the sale is closed. It is based on comparable properties in your area that have recently sold.

Incidentally, these are the same sales an appraiser will use to substantiate or refute value when your buyer asks for a loan.

In other words, you and your Realtor are going to have to prove, scientifically, the property is worth what you think it is. And the only way to substantiate that is with data.

 

 

 

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Thinking About Selling? Start Training Now 11.17.14

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Training in the parkWith news that the real estate market recovering, you may be considering selling your Minneapolis duplex in the spring.

And because you’re not the only one who’s heard the news, you’re likely facing a lot of competition. That’s because there are a whole lot of duplex owners who’ve been waiting to sell when the market got better.

In other words, you’re probably going to have competition.

So what can you do to make sure your duplex stands out and wins?

Of course, the most obvious answer would be to sell now. Fueled by a drop in interest rates, there are a lot of buyers currently in the marketplace who are frustrated by a lack of quality inventory.

If there’s absolutely no way for you to achieve that, however, then you should remember the spring housing market (in years when it isn’t 50 degrees below zero) starts the week after the Super Bowl.

 

By the time the grass is showing through the snow, everyone else will be ready to sell too.

So what can you do to get an edge now?

  • Freshen up paint throughout the duplex.
  • Purge the basement of any belongings either left behind by tenants or that you don’t need on a regular basis.
  • If you can, increase rent where possible.
  • If you renew any leases, be sure to include a clause that allows an owner occupant to take possession of a unit within 60 days of closing. This will ensure you don’t eliminate owner occupants from your pool of potential buyers.
  • If you have any open permits with the city, get them closed.
  • If it’s required in your community, get your Truth In Sale of Housing report completed. The inspector may find items that are required repairs, and your property will fare better if you’ve completed those items before it hits the market.
  • Of course, it’s virtually impossible to do anything with the landscaping at this time of year, but you can make sure all walkways and the driveway are free of ice and snow.

And finally, give me a call for an opinion on what else you may be able to do in order to maximize the value of your duplex.

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