If your neighbor's tree falls on your home, your insurance should cover the repairs to your home and the removal of the tree. If your neighbor was negligent, your insurance company may go after him/her and/or their insurance company for re-imbursement.
If you believe your neighbor's tree is a hazard or diseased or dying, let him/her know before anything happens to the tree and then send him/her a letter so you have written documentation of the notification. In the event something bad happens, it can then be proven that he/she was notified of the potential hazard.
As mom always said, communication is key!
For more information, see the National Association of Realtor's HouseLogic.
Tuesday, December 13, 2011
Friday, December 2, 2011
November Neighborhood Real Estate
There are currently five homes for sale in our Elm Creek Park Reserve neighborhood (down from seven last month) with an average time on the market of 97 days (down from 116). There were three homes sold in November. The decrease in the number of homes for sale mirrors Maple Grove and the Twin Cities real estate market as a whole with around a 22% decrease in inventory or the number of homes for sale, leading to more of a balanced market currently.
YTD, we're at 17 homes sold in our neighborhood at an average list price of $161,993 for the homes have sold/closed and an average list price of $201,129 for the three homes that are pending (sold/not yet closed).
Click here to see the listings (note that this link will expire in January 2011)
The green dots on the map represent homes that are for sale, yellow homes that have sold but not yet closed and black are homes that failed to sell.
Don't hesitate to contact me with any additional questions or comments:
SteveHoem@edinarealty.com or (612) 207-3311
New Private School
A new Catholic school is planned at West Fish Lake Road and Bass Lake Road in Maple Grove. Cedarcrest Academy will be building a pre-K through 8th grade school (6950 West Fish Lake Road) in the near future and has begun grade of the parcel for the school.
Admissions questions can be addressed to Kristen Basgall at (763) 494-5388.
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