Is Listing Your Home Above Market Value the Smart Move? Let’s Dive In

Thinking about listing your home at a price that’s a notch above what the market suggests? It's a bold step, but it could very well be the right one under certain circumstances. Whether it’s the bespoke features your home offers or the current state of the market, understanding when to price high could be your ticket to a lucrative sale. Why Consider a High Listing Price? Highlight Unique Features: Your home isn't just another listing. Maybe it has an award-winning kitchen renovation or a backyard oasis that feels like a private retreat. These are exactly the kinds of features that can command a higher price. Flexibility in Negotiations: Pricing your home above market value gives you some bargaining chips. It allows you to entertain offers and still settle on a price that feels right, without dipping below your desired threshold. Leverage Market Dynamics: Sometimes, the market conditions are just right—low inventory, high demand, particularly in your home’s category. If your home is a rare find in the current market, this might just be the time to aim high. What to Watch Out For Limiting Potential Buyers: A higher price tag might deter a portion of potential buyers, especially those sticking to a tighter budget. This could mean fewer offers to choose from. Longer on the Market: Homes priced above their market value often take longer to sell. This might lead to questions about why the property hasn’t been snapped up yet. Appraisal Issues: Even if a buyer falls in love with your place and agrees to the price, their lender will need the house to appraise at that amount. If it doesn’t, the deal might falter. Perceived Overpricing: If buyers and their agents perceive your home as overpriced, it might be passed over without much consideration, especially by those looking for more realistically priced options. Effective Strategies for Above-Market Listings Keep your strategy flexible and responsive. Monitor how the market reacts to your listing and be ready to adjust. Listing your home above market value isn’t a one-size-fits-all solution, but it can be highly effective if done right. Evaluate your home’s unique selling points and market conditions closely. If you're considering listing your home above market value and want to ensure it's the right strategy for you, let's connect! I can provide expert guidance and market analysis to maximize your home's potential. Contact me at dmdodge@ferndalerealty.com or 715-307-0546. 

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Finding Your Dream Home Near Water: The Best Lakeside Properties in Western Wisconsin and the Twin Cities

Hey everyone, it’s Dustin Dodge here! If you’ve ever thought about living by the water, now’s the time to dive in—literally and figuratively. The Twin Cities and Western Wisconsin are home to some incredible lakeside properties that offer a lifestyle you won’t find anywhere else. Let’s talk about what makes these spots so special and what you should keep in mind when searching for your perfect lakeside home. Why Lakeside Living? Lakeside living is all about that peaceful, easy feeling. Picture this: mornings with coffee by the water, afternoons spent kayaking, and evenings around a fire pit watching the sunset over the lake. It’s a vibe that’s hard to beat, and let’s be honest, who wouldn’t want that? Plus, buying a lakeside property isn’t just about enjoying the view—it’s a smart investment. These homes tend to hold their value well, and with the demand for waterfront living always high, you’re looking at a solid long-term asset. Top Lakeside Spots in the Twin Cities Lake Minnetonka: This isn’t just a lake—it’s a lifestyle. From charming cottages to jaw-dropping estates, Lake Minnetonka has it all. The community is tight-knit, the schools are top-notch, and the downtown Minneapolis commute is a breeze. White Bear Lake: Just north of St. Paul, White Bear Lake is the perfect blend of small-town charm and city convenience. With parks, trails, and a lively downtown, it’s an ideal spot for families and retirees alike. Prior Lake: If you’re into boating and fishing, Prior Lake should be on your radar. It’s a bit quieter, with a mix of year-round homes and cozy cabins, but still close enough to the action in the Twin Cities. Lakeside Living in Western Wisconsin Lake Pepin: Lake Pepin is an underrated gem. It’s peaceful, with stunning bluffs and a slower pace of life. Homes here range from rustic cabins to elegant estates, making it a great escape from the city. Lake Wissota: Near Chippewa Falls, Lake Wissota is where you want to be if you love outdoor activities. From boating to hiking, there’s plenty to do. Plus, the area’s history and culture add an extra layer of charm. St. Croix River: Okay, technically not a lake, but the St. Croix River offers some of the most beautiful waterfront properties around. With stunning views and a close-knit community, it’s perfect for those who love the water but want a bit of variety. What to Look for in a Lakeside Home When you’re shopping for a lakeside home, there are a few things you’ll want to consider: Waterfront Quality: Not all water is created equal. Make sure the lake has good water quality and depth, especially if you plan to swim or boat. Property Elevation: Higher elevation means better views and less risk of flooding. But if you want easy access to the water, closer might be better—just be aware of the trade-offs. Community and Amenities: Look for areas with a strong community vibe and easy access to amenities like parks, restaurants, and shops. The right community can make all the difference in your lakeside living experience. Maintenance: Remember, lakeside properties require more upkeep than your average home. Be prepared for regular maintenance, especially if you have a dock or seawall. Conclusion Lakeside living in the Twin Cities and Western Wisconsin offers the best of both worlds—natural beauty and modern convenience. Whether you’re looking for a serene retreat or a vibrant community, there’s a lakeside property out there that’s perfect for you. Ready to take the plunge? Get in touch with me today to explore the best lakeside properties in the Twin Cities and Western Wisconsin.

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Community Spotlight: Top Up-and-Coming Areas in the Twin Cities

Hey folks, Dustin Dodge here! Let’s talk about some of the coolest, up-and-coming neighborhoods in the Twin Cities. Whether you’re buying or selling, these spots are bursting with potential and charm. 1. North Loop, Minneapolis Why It’s Popular: This former Warehouse District has totally transformed. Think chic lofts, top-notch restaurants, and trendy boutiques. It’s where old meets new in the best way. New Developments: Modern apartments and mixed-use buildings are popping up, giving the area a fresh, urban feel while keeping that historic vibe. Community Vibe: Artsy and vibrant. With galleries, performance spaces, and farmers markets, there’s always something fun going on. 2. West Seventh, St. Paul Why It’s Popular: An eclectic neighborhood with a rich history. It’s perfect for both young professionals and families looking for that unique mix of old and new. New Developments: Significant investments have led to new condos and townhomes, adding to the area's appeal. Community Vibe: Super welcoming and full of character. Local businesses and community events make it feel like home. 3. Northeast Minneapolis Why It’s Popular: Known for its vibrant arts district. The neighborhood is full of studios, galleries, and creative spaces, making it a hotspot for the artsy crowd. New Developments: A surge in housing projects, including renovated lofts and new apartments, catering to a diverse group of residents. Community Vibe: Breweries, distilleries, and diverse dining options make it a paradise for foodies. Events like Art-A-Whirl keep the community lively and connected. Conclusion These neighborhoods are on the rise and offer fantastic opportunities for buyers and sellers alike. Ready to explore? Contact me today and let's find your perfect spot in the Twin Cities.

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