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Minneapolis Real Estate | Truth In Housing

If you're getting ready to sell Minneapolis real estate then you'll likely have to have a Truth In Housing (also called a TISH for 'Truth In Sale of Housing.) The types of properties and sales below are covered by the ordinance:

Note that Minneapolis condos do not requite a Truth In Housing inspection.

A Truth In Housing inspection is done to ensure that homes meet a minimum standard. It is different and not as thorough as a buyer inspection. A couple important things you need to know about the inspection:

• It's recommended that you have the inspection done a few weeks before you plan on listing the home.
• If there are RR's (Required Repairs) we generally recommend that the seller have them completed.
• RR's can be passed onto the buyer. If the buyer agrees to assume the repairs they'll have to sign an Acknowledgement of Responsibility form and the repairs will have to be completed within 90 days of the sale.
• A copy of the Truth In Housing must be kept in the property for buyers to review.
• The Truth In Housing for Minneapolis real estate MUST be done by a licensed evaluator.
• The cost runs typically from $150-$250 depending on the company and size of home.

Minnepeapolis Condos - What is believed to be the largest purchase for a single Minneapolis condo residence ever just closed on Oct. 31st, 2011. It was a combined purchase of the entire 17th and 18th floor, 3 penthouse units, located at 222 2nd Street SE or better known as The Phoenix on the River. This building is located just across the river from the Mill District, it has 80 residences and river views. Fore more information on The Phoenix on the River visit the link. Here's some numbers to wrap your head around:

• Purchase price: $6,950,000
• Total SQFTt: 18,172
• $/SQFT: $382 (if that number looks a little low for a luxury river front condo, well it is, except that the sale came UNFINISHED.)
• Association Dues: per month, $7,574 per year, $90,888
• Property taxes: $97,335
• Estimated cost to finish: This is variable and completely depends on the buyer and their choices, but it could add another $100-$200/sqft, let's say $150. That would add another $2,725,800.
• Estimated $/SQFT once finished: $532/SQFT for a total of $9,675,800.

Since 2009 there have been 16 additional $1million + Minneapolis Condos sales. These averaged $482/SQFT and just under 3,000 total SQFT. The Washburn Lofts still holds the mark for most expensive sale on a $/SQFT basis selling for $2,530,000 which comes in at $602/SQFT. For more information on Minneapolis Condos or for a free custom Minneapolis Condos search visit iMetroProperty.com.

Homes for sale in Minneapolis, MN under $200,000 - Minneapolis is a great city with a current supply of affordable housing under $200,000. With interest rates at historic lows there is now an opportunity for home buyers to get not only low priced homes, but also cheap mortgages which make the overall cost of ownership even lower. Different neighborhoods all over the city have lots of options so depending on what you're looking for whether it be proximity to work, friends and family or certain neighborhood characteristics you should be able to find homes for sale in Minneapolis, MN under $200,000. From our website you can search all real estate currently available including the surrounding suburbs. Go check out homes for sale in Minneapolis, MN under $200,000.

720 Lofts is located in the North Loop (also known as the warehouse district) in downtwon Minneapolis. This area has seen a tremendous change in the last decade or so as it's evolved from primarily industrial buildings and office space to one of the more popular areas for residential living. 720 Lofts sits on North 4th Street where a string of buildings where built since around 2003. The building is contemporary, but blends nicely with the more historic, industrial style buildings. The lofts are bright and offer residents an outdoor balcony, concrete floors, large windows, modern finishes, underground heated parking and a secure building. 720 Lofts also offers great, easy access to major freeways, walking distance to Target Field, a local dog park, great neighborhood restaurants, coffee shops and night life. 720 Lofts is also close to the more central downtown and Mill District which provides more entertainment options like the world class Guthrie Theater. 730 Lofts is located right next door and was built by the same developer and provides additional options if you like 720 Lofts. Visit our website to view 720 Lofts for sale and rent.

Minneapolis Condos and Lofts under $100,000
Minneapolis Condos and Lofts $100,000 to $200,000
Minneapolis Condos and Lofts $200,000 to $300,000
Minneapolis Condos and Lofts $300,000 to $400,000
Minneapolis Condos and Lofts $400,000 to $500,000
Minneapolis Condos and Lofts $500,000 to $750,000
Minneapolis Condos and Lofts $750,000 to $1mm
Minneapolis Condos and Lofts $1mm and up

Linden Hills Minneapolis- Southwest Neighborhood

The Linden Hills Minneapolis Neighborhood is located in Southwest Minneapolis and borders East Edina, Lake Calhoun, Lake Harriet and West 47th Street (Fulton Neighborhood.) Linden Hills Minneapolis, named for it's abundance of Linden Trees and hilly terrain, is like a small town in a big city. Linden Hills Minneapolis residents even claim their busiest commercial area between 44th-46th and Upton to be thier downtown. This area consists of a bakery, library, dentist office, hardware store, the popular Sebastian Joe's Ice Cream, small shops and a handfull of boutique restaurants. Other than the commercial center in Linden Hills residents enjoy Linden Hills Park, Beard's Plaisance (which overlooks Lake Harriet and is frequently used for community gatherings, graduation and birthday parties) and the shores of Lake Harriet and Lake Calhoun. One of the metro area's premier Country Club, Minikahda Club, also resides in Linden Hills. In terms of Minneapolis Real Estate the area offers some of the more expensive homes in Minneapolis. You can search Linden Hills Minneapolis real estate by clicking the link. Linden Hills Boulevard which is just one block off of Lake Harriet is one of the premier streets in the city and there are gorgeous homes that line the boulevard. Inventory tends to be relatively low as it's a high demand area, but there are options for entry level homes and apartments in addition to the luxury homes. For more information on Linden Hills Minneapolis or buying and selling Minneapolis Real Estate you can contact me directly or visit our website.

Minneapolis Real Estate > $100k Minneapolis Real Estate $100k-$200k
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Minneapolis Condos and Lofts under $100,000
Minneapolis Condos and Lofts $100,000 to $200,000
Minneapolis Condos and Lofts $200,000 to $300,000
Minneapolis Condos and Lofts $300,000 to $400,000
Minneapolis Condos and Lofts $400,000 to $500,000
Minneapolis Condos and Lofts $500,000 to $750,000
Minneapolis Condos and Lofts $750,000 to $1mm
Minneapolis Condos and Lofts $1mm and up