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

10 Reasons It’s A Bad Idea To Sell Your Minneapolis Duplex Yourself 05.20.16

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Duplex For Sale By Owner Real Estate Home Open House SignIf you’ve been thinking about selling your Minneapolis or St Paul duplex, you may have heard they seem to be the hottest thing going in the real estate market. And, well, if they’re selling like crazy, you may even have thought about selling it yourself.

Of course, I’m a Realtor, so you may not be surprised to learn I think that may be a really bad idea. And you probably think my beliefs are because if you sell it yourself, a Realtor won’t get paid a commission.

The facts, however, tell a different story.

In fact, here are 10 Reasons It’s a Bad Idea To Sell Your Duplex Yourself:

  1. According to the National Association of Realtors, last year the average for sale by owner netted 9 percent less on the sale of their property than they would have had they used a Realtor. That’s net – in other words, after they paid commissions.
  2. Serious buyers work with Realtors. If you’re serious and in a hurry, or serious and cautious, are you going to be driving around looking for for sale by owner signs? Or are you going to be working with a Realtor in order to see as many properties quickly or have as much protection and guidance as possible?
  3. Realtors are free to buyers. The only reason a buyer would want to purchase a for sale by owner is to save the same commission the seller hopes to keep.
  4. If you’re willing to pay a Buyer’s Agent a commission, remember, the Realtor only represents the Buyer’s best interest. As such, you’re negotiating with someone who’s studies the market and negotiates deals daily.
  5. If the appraiser questions the value of your property, you’re on your own. In a hot market, properties often appraise for less than a buyer is willing to pay. An appraised value for an FHA loan stays with your property for six months and is difficult if not impossible to contest. A Realtor knows the market and can discuss specifics of comparable properties with the appraiser.
  6. 89 percent of all buyers search online for properties. An experienced listing agent has a proven marketing plan to maximize your duplex’s Internet presence and exposure.
  7. Contracts. While the legalease in real estate contracts isn’t too bad, it is, nonetheless, a legally binding contract.
  8. Lawyers cost money, whether you sell or not. If your plan is to have an attorney review your contracts, remember, they charge by the hour. And their fees are payable whether you close on the sale of your duplex or not.
  9. For Sale By Owner companies charge whether you sell or not. Sure, you can pay as you go for the services a Realtor provides. And like an attorney, that money is paid whether your duplex sells or not.
  10. The only time you pay a Realtor is when your duplex sells. Realtors work on commission. That means they aren’t paid unless they succeed in selling your duplex. And if we don’t? We are out all of the money we spent marketing your property.

If you’re thinking of selling your Twin Cities duplex, and want to net as much money as possible in the least amount of time,  call or email me. I’d be happy to help you maximize your return.

 

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If You Need To Reach Me, Please Call 05.04.16

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godaddy logoAs of this moment, I am not very happy with GoDaddy.

It seems they decided since I allegedly hadn’t responded to their request about asking me to convert to Office 360, they shut off my email.

Nevermind that I never received this supposed request. And if I had, they certainly didn’t reach out to contact me with the tenacity they use to get me to renew domain names 6 months before they expire.

So, if you need to reach me while they’re using the entirety of the 24-72 hours they allegedly require to retrieve my email out of “the archives”, please give me a call at the number in the upper right hand corner.

And if you’ve had this experience yourself and found a more expeditious route to resolution, please let me know.

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Buy These Minneapolis Duplexes Before They Hit The Open Market 04.20.16

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Charming S. Minneapols Duplex

Charming S. Minneapols Duplex

Sometimes, Minneapolis and St Paul duplex sellers get a “to do” list from their Realtor.

This list usually includes things like getting a Truth In Housing inspection, touching up paint, or simply decluttering a property. And because you never get a second chance to make a first impression, the Realtor recommends the tasks be completed before the property is exposed to thousands of buyers on the Multiple Listing Service (MLS).

If you’re looking to buy a duplex, especially with as little inventory as there is right now, knowing about these properties before they go on the MLS gives you a head start on the competition.

On your mark, get set, go!

I have the following properties coming on the market as soon as the sellers finish their “to do” lists. However, because I’m the listing agent, I can get you in to them now.

Uptown Duplex – 2 bedrooms down, 2+ up. Front porches on each floor, hardwood floors, and tons of light. Leases end in May, so either unit will be available for an owner occupant. $400,000.

S. Minneapolis Duplex – Beautifully maintained. Hardwood floors, arched doorways, wonderful light. 2 bedrooms up, 2 down, 2 car tuck under garage. Screened porch, fenced yard, and your own raspberry patch! $300,0000.

S. Minneapolis Duplex – Impeccably maintained duplex with room for master suite on third floor. 2 bedrooms up, 2 down, built-ins, fireplace, hardwood floors and a 2 car garage. Needs some cosmetic updating. $250,000.

N. St Paul Fourplex - Cash cow. Four three bedroom units with their own furnaces. All new windows. $399,000.

Edina Condominium – Spacious 2 BR, 2 BA in a park-like setting. Pool, exercise room, garage. Will be priced right.

If you have interest in seeing any of these properties before you have to compete with the buyers using only the Multiple Listing Service, give me a call at (612)290-5998. I’d be happy to get you in.

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