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 Among Top Rental Markets 07.01.15

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It’s a great time to be a landlord.

According to the recently released All Property Management‘s Rental Ranking Report for the first quarter of 2015, the U.S. home ownership rate is at its lowest rate in 20 years.

This has caused vacancy rates to fall and rents to rise, making rental property a great investment.

The Report considered factors like area vacancy rates, rent variance, capitalization rate, property appreciation, job growth, the average number of days it takes for a property to sell, job and rental availability and the costs of taxes and insurance.

When the numbers were crunched, Minneapolis and St Paul were named the top market in the Midwest to own rental property, and one of the top 5 in the nation overall.

The Twin Cities saw rents rise an average of 5.36 percent over last year, an average of just 43 days on market for a property to sell and a metro wide vacancy rate of 4.4 percent, which is just over half the national average.

Prices and rents have risen dramatically in the metro over the last few years; making it a great time to buy or sell a duplex, triplex or fourplex.

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Minneapolis Duplex Sales Neck And Neck 06.25.15

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Close-Up of Neck and Neck Horse RaceIf Minneapolis and St Paul duplex sales were a horse race, the second week of June in 2014 would win by a nose.

Last year there were 26 duplex, triplex and fourplex owners who accepted purchase agreements, 76.9 percent of whom had equity in their properties. This year, there were 24 successful sellers, and 75 percent of them will receive a check for equity at their closings.

On average, sales for the week last year closed at $306,096. This is unusual. This year, the average off market list price was more realistic, at $206,837.

New listings is the one category where 2015 finished ahead of 2014. There were 45 of them this year, 91.1 percent being offered by equity sellers. Last year, there were 44, with 93.2 percent being above water with their investment property.

In the single family home market, New Listings were down .8 percent, while Pending Sales were up 21.1 percent. Overall, inventory was down 6 percent from June last year.

There will be plenty more duplex sales races in the year; it will be interesting to see if 2015 takes a commanding lead over 2014.

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Minneapolis Duplex Sellers Still In Charge 06.17.15

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Money in the air.The Minneapolis and St Paul duplex market kept humming along the week that ended on June 6, 2015.

In that time, 23 Twin Cities duplex, triplex and fourplex sellers accepted offers on their properties. Of these, 86.9 percent are traditional owners who will leave closing with a check for their equity in their pockets. They should be big checks. The average off-market list price was a whopping $274,077.

Last year during the week, 19 sellers accepted offers. Of these, 94.7 percent left closing with money in their pockets. However, their properties sold for an average of $219,702.

New listings the first week of June in 2015 numbered 45, with 95.6 percent being offered by equity sellers. One year ago, there were 47 sellers new to the market, with 83 percent not in distressed circumstances.

The single family home market saw the number of New Listings increase just 1.4 percent, while Pending sales rose 10.9 percent. Overall, Inventory decreased 5.2 percent.

In May, the Median Sales Price for a single family home was $224,000. With an average number of Days on Market of just 76, sellers received on average 97.5 percent of their asking price.

It  continues to be a happy summer for duplex sellers.

 

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