Heidi Herda of Keller Williams Sells Another Coon Rapids Home

COON RAPIDS, Minn. - June 1, 2016 - PRLog -- What an awesome opportunity to help another Coon Rapids home seller! It was a pleasure working with them from beginning to end! This fast home sale was attributed to a proven marketing strategy, competitive pricing and outstanding seller's that were able to get their home "show ready" in a matter of a couple days! says, Heidi Herda, Owner of The Herda Home Team.

In any seller's market, it is not uncommon to be in multiple offer scenarios when you go to submit an offer on a property. Multiple offers are where more than one buyer is presenting their offer to a seller.

This can really be any amount of offers even 10 or more on a really hot property. The situation is typically handled by the seller giving all qualified buyer's the opportunity to give their highest and best offer, which is usually presented to the seller all at once with a specific deadline. The seller then will go through the pro's and con's of each offer presented and determine which offer will be chosen.

This Coon Rapids Home is now sold! Since we're still in a hot seller's market, this Coon Rapids home for sale actually sold in just 1 showing the first day! According to the seller's net sheet, this seller was able to negotiate an offer higher than the originally projected net! The buyer on this property wrote a competitive offer on day one and did not ask the seller to contribute any closing costs. In Minnesota, it's very common for the seller to contribute some sort of closing costs, otherwise known as seller concessions. The norm in Coon Rapids is 3% but remember this can be negotiated.

This Coon Rapids homeowner was pleased with the offer that came in. This Coon Rapids townhome for sale is located in the Forest Oaks neighborhood, which is just off Hanson Blvd and is conveniently located near Lifetime Fitness, coffee shop, restaurants and more.

The offer was accepted on the property a few days after listing and closed May 31^st, 2016 for $136,000, and no seller contributions.

The number of active listings in Coon Rapids (55433) increased by 8.5% from the previous month. The median number of days active properties have been listed is 23. This is significantly shorter than the national average. The number of sales in March dropped by 72% from the previous month.

The current Coon Rapids market remains a seller's market. The demand for housing is not meeting supply. Currently, Coon Rapids 55433 has 66 active properties and 15.2% would be considered distressed. A distressed property would be either in short sale status, foreclosure/bank owned. This is a moderate number of distressed properties than we have seen in the last several years.

The percent of unoccupied properties is very low in Coon Rapids (55433). It is -11.23% below the national average. The percent of rental properties in Coon Rapids (55433) is 26.21% above the national average which is typical for urban areas.

Median household income in 55433 is $58,815 with 754 households earning between $35,000 to $40,000 annually. The largest income bracket for Coon Rapids is between $25,000 to $50,000 which makes up almost 2,600 households.

For the zip 55433, 16.24% of the people have completed a bachelors degree as their highest education level. 6.96% have earned a Graduates Degree and 13.28% have earned an Associates Degree.

The median age of residents in Coon Rapids is 38, with 37% of residents being married. Current statistics suggest Coon Rapids has roughly 13,410 households, of those households 4,104 of them have children.

The data on this page is consolidated from multiple sources and includes current listings, recent sales, and more. Whether you're a buyer or seller, the knowledge you gain will help put you in control of your real estate transactions. Call or email anytime to discuss how this information can benefit you! 612.807.4858

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