|  Purchasing a Home, Real Estate News

7 Best Strategies for House Hunting

Spring is almost here! The warmer weather, beautiful flowers, and longer days are perfect for viewing homes in person, and it’s no wonder that the spring season is a popular time for home buyers to start looking at homes and neighborhoods.

But before you start driving around and visiting open houses, you should follow these important house hunting tips.

1. Get Preapproved for a Mortgage

Getting preapproved for a home loan is one of the best tools you have when searching for a home, especially when you have competition.

If you are preapproved, the home sel...

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 |  Financial, Purchasing a Home, Real Estate News, Resources to Hire Professionals, Selling a Home

Be Informed: Agency and Agency Relationships

The term “agency” is used in real estate to help determine what legal responsibilities your real estate professional owes to you and other parties in the transaction.

The buyer’s representative (also known as a buyer’s agent) is hired by prospective buyers and works in the buyer’s best interest throughout the transaction. The buyer can pay the agent directly through a negotiated fee, or the buyer’s rep may be paid by the seller or through a commission split with the seller’s agent.

The seller’s representative (a...

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What Every First Time Home Buyer Should Know About Home Loans

 |  Financial, Purchasing a Home, Real Estate News

First-time home buyers who work with us often have the same question: Should we or shouldn’t we get a first-time home buyer loan?

In fact, there are a number of advantages and disadvantages attached to this type of loan.

First-Time Home Buyer Loans 101

A first time home buyer loan offers financial assistance to qualified buyers by utilizing a variety of methods:

  • Very low down payments or none at all
  • Subsidezed interest costs
  • Grants
  • Forgive loans
  • Defer payments

Generally speaking, the best candidates for ...

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April is Fair Housing Month!

 |  Community Events, Financial, Purchasing a Home, Real Estate News, Resources to Hire Professionals, Selling a Home

The month of April is a very important time for real estate professionals all across the nation.

Why? This is in the month that we celebrate the anniversary of the passing for the Fair Housing Act and recommit to the goal that inspired the legislation.

For those of you who may not know, the fair housing act essentially eliminated housing discrimination and created equal opportunity in every community.

And, as you might imagine, it’s a critical piece of legislation for anyone interested in buying property in the Minneapolis Area.

A Closer Look at the Fair Hou...

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Report: US Home Prices On the Rise

 |  Purchasing a Home, Real Estate News, Selling a Home

The National Association of Realtors recently announced the latest US real estate figures and the numbers are encouraging for anyone considering selling their home.

Evidently, home price growth accelerated in much of the country during the fourth quarter of 2014.

This is a fantastic development for anyone hoping to get a good price on their home for sale.

What You Should Know About US Home Sales

Here is an overview of the highlights of the most recent real estate market report:

  • The median price of an existing single-family home increased year-over-...
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More US Home Buyers Returning to Market Because of Easier Mortgage Rules, Stable Rates

 |  Financial, Purchasing a Home, Real Estate News, Selling a Home

More and more home buyers are returning to the US housing market because they’re noticing favorable market conditions.

Specifically, buyers are feeling more comfortable about navigating the market thanks to interest rate stabilization and easier mortgage rules, according to a recent article by Reuters.

This is fantastic news for the overall health of the housing market. After all, it suggests that the national real estate market is likely to become more stable over time.

...
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 |  Community Events, Purchasing a Home, Real Estate News

Coming Soon!

Elegant New England Colonial in High Demand Minikahda Vista Neighborhood!

~ To be Sold for the First Time in 18 Years ~

This home has four bedrooms up, an attached garage, a master suite and is ready to be lived in and enjoyed.

All four bedrooms are located on the second floor.  Each is generous in size and three of the four have at least two closets – each hosting abundant walk-in or storage...

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What a Home Inspection Should Cover

 |  Home Maintenance, Purchasing a Home, Real Estate News, Resources to Hire Professionals, Selling a Home

Home inspections will vary depending on the type of property you are purchasing. A large historic home, for example, will require a more specialized inspection than a small condominium. However, the following are the basic elements that a home inspector will check. You can also use this list to help you evaluate properties you might purchase.

For more information, try the virtual home inspection at www.ASHI.org, the Web site of the American Society of Home Inspectors.

Structure:  A home’s skeleton impacts how the property stands up to weather, gravity, and the earth. Struct...

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Pros and Cons of Going Condo

 |  Purchasing a Home, Real Estate News, Resources to Hire Professionals

Condominiums and townhouses offer an affordable option to single-family homes in many markets, and they’re ideal for those who appreciate a maintenance-free lifestyle.   But before you buy, make sure you do your legwork.   These are some of the important elements to consider:

  • Storage.   Some condos have storage lockers, but usually there are no attics or basements to hold extra belongings.
  • Outdoor space.   Yards and outdoor areas are usually smaller in condos, so if you like to garden or entertain outdoors, this may not be a good...
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Tips for Buying in a Tight Market

 |  Financial, Purchasing a Home, Real Estate News

Increase your chances of getting your dream house in a competitive housing market, and lower your chances of losing out to another buyer.

  1. Get prequalified for a mortgage. You’ll be able to make a firm commitment to buy and your offer will be more desirable to the seller.
  2. Stay in close contact with your real estate agent to find out about the newest listings. Be ready to see a house as soon as it goes on the market — if it’s a great home, it will go fast.
  3. Scout out new listings yourself
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