I went out of town for a few days last weekend.
While I was gone, I managed to help two clients write offers on Minneapolis duplexes.
Neither was an active listing on the Multiple Listing Service (MLS).
In fact, one was a property where an accepted offer on it was about to be cancelled. The other duplex was not coming on the market until next year.
This proves three things I’ve been saying for months.
1. It’s a great time to sell a duplex.
2. If you want to buy a duplex, working with the right Realtor will help you get access to properties you either won’t find on your own, or would be missed by an agent who doesn’t specialize in duplexes and small multi family properties.
3. If you’re thinking of selling, but aren’t quite ready to stage your property or leave the duplex for showings, letting a Realtor who’s a duplex specialist know, and/or agreeing to do a “pocket listing” with her, may help you avoid the inconveniences altogether.
Let me know if you’re either in the market to buy a Minneapolis duplex or sell one. While values are nowhere near where they were in 2005-2006, the market is better than you think.