Searching for: pre approved

The benefits of buyer’s pre-approval are without question; it is good for the buyers, the sellers and the agents. It saves time, money and removes the uncertainty of knowing whether the buyer is qualified. The direct benefits include: Amount the buyer can borrow decreases as interest rates rise Looking at “Right” homes – price, size,… Read more »

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Getting Your Offer Accepted

Inventory is dramatically shrinking and it is commonplace in many markets to have multiple offers on a home. While the sellers would prefer to be able to choose the best offer for them, it can be incredibly frustrating for the buyers who might consider the following tips to get their offer accepted. 1. Remove the… Read more »

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Older photo of Lake Calhoun beach line and bath house

Before Europeans settled the area of the Calhoun Isles Community, Dakota Indians populated Lake Calhoun. The first recorded village on the Lake was founded in 1928 thanks to Cloudman, a Dakota leader, and Major Lawrence Taliaferro who was stationed in Fort Snelling. The village, known as Eatonville, had a brief existence, but the village was… Read more »

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Crafting an Acceptable Offer

An agent was presenting a contract to a single, senior woman who was moving into a retirement home. It was a full price offer with reasonable terms and timelines but the seller wouldn’t accept it. When the agent probed deeper, she discovered that the seller was concerned with her dining room table. It had been… Read more »

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Lenders, like any business, have to make a profit. The cost of acquiring the funds, the operating costs to service and the expected profit margin are easily identified. The variable in pricing is the type of mortgage and the credit worthiness of the borrower. A loan with a 3.5% down payment is riskier than a… Read more »

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It’s interesting that the housing climate has changed so quickly. Some buyers, who think they’re still in the driver’s seat, find the market is now going up and they’re losing the home that they really want. Multiple offers are increasingly more common and buyers are frustrated because even full-price offers don’t guarantee that they’re going… Read more »

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Risk Determines Rate

Regardless of what a lender quotes on mortgage rates, the actual rate paid by a borrower is based on a number of variables. Lenders determine whether to loan money and at what rate based on the risk involved with the transaction. Factors that increase the risk that the loan will be repaid will proportionately increase… Read more »

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The Best Way Home

“It’s not far, if you know the way.” Maybe it is an obvious statement but there are some definite steps that will improve your success in buying a home in today’s market. Know your credit score – the best mortgage rates are available to borrowers with the highest scores. Unless you know what your credit… Read more »

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Competing with Cash?

It’s not fair! 29% of all sales made in June and July 2011 were cash. How does a buyer who needs a mortgage compete with a cash buyer? You’ve been looking for a home for months after thinking about it for years. You’ve found the home you want and meets your family’s needs. You write… Read more »

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Best Time to Buy..EVER!

This is the Best time to buy a home. Just think, prices are incredibly reasonable, interest rates are so low, borrowing money is practically free, the selection of homes is good, homesellers are willing to negotiate. Wow, it just does not get better than this to buy a home. I am not saying you won’t… Read more »

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