Seasonality of Real Estate in Minnesota

Generally speaking, in cold climates like that of Minnesota, the home buying and selling decisions are primarily based on the weather and school season. Due to this, most people are buying and selling in the spring and summer months. This affects many relevant statistics for real estate which we will…

Minnesota Home Buying Process

1 Choose a Realtor When choosing a licensed real estate agent to represent you it is important to have someone who is knowledgeable in the market, as well as someone who you believe will represent your best interests. 2 Initial Conversation This is where we…

Eminent Domain / Condemnation Timeline

The order of these events is not exact but approximate. If you have any questions regarding this process, please do not hesitate to call or email us! Project PlanningThe project planning and development phase is the first and often longest phase of the condemnation process. During this stage, many different…

Eminent Domain / Condemnation FAQ’s

We get so many questions here at Lake State Realty in regards to eminent domain and condemnation that we thought we would create a page of some of the most frequently asked questions. What is the difference between eminent domain and condemnation? Eminent domain is the concept of…

Gold Coast of White Bear Lake

Many real estate agents and even locals will refer to generally the north-eastern shore of White Bear Lake as the “Gold Coast.”  Technically, the Gold Coast is located in Dellwood, Minnesota where one can find some of the most expensive homes in the Twin Cities. The moniker most likely comes…

Tips for Selling Your Home

Are you thinking of selling your home in the near future? If so, check out these 10 tips for selling your home fast and for top dollar. If you follow these tips you are sure to have a successful sale. 1.   Improve your curb appeal.  In real estate, first impressions are…

What is public use or public purpose?

According to MN State Law Chapter 214 Section 2 Subdivision 11, “public use” or “public purpose”means: the possession, occupation, ownership, and enjoyment of the land by the general public, or by public agencies; the creation of a functioning public service corporation; or mitigation of a blighted area, remediation of…

Lino Lakes Market Update

Lino Lakes Market Update: Here are a few takeaway points from the last market update for Lino Lakes from May (data from the SPAAR Local Market Update for Lino Lakes – May 2016): The number of new listings increased in the month of May from…

White Bear Lake Homes – May Update

  Here are some quick facts about White Bear Lake homes for the month of May, 2016 from the SPAAR May Report on White Bear Lake: White Bear Lake homes sold for on average $229,250 up 19.7% from last year at $210,000. There…

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