To say the investment market is unsettling is an obvious understatement. The market is down 8% in the last ten days and the news doesn’t give much hope that things are going to get better in the near term. Preservation of capital is probably today’s most important investment consideration and making a profit would be… Read more »
Uncertainty as to whether prices will continue to fall has to be one of the most common causes of buyer procrastination. Paying too much wouldn’t be a smart thing but price isn’t the only factor to consider. Interest rates have as much effect on housing costs as price. A small increase in mortgage interest rates… Read more »
There are homeowners that would like to have a larger/nicer home but are patiently waiting for the market to improve. A frequently heard objection is that they can’t sell their home for what it is currently worth. Buying up in a down market is actually advantageous because while you might get less for the home… Read more »
Two great videos about Mortgage Loans
Another great video with helpful information on how to find the right real estate agent.
Here’s a great video offering tips on buying a house!
At a glance: Why NOW is the Prime Time to Buy! 1. Home Affordability is at an all-time high. The median mortgage payment on the median priced home as a percentage of the median household income is lower than it’s been in a generation. 2. Mortgage rates are at rock bottom. It’s hard to imagine… Read more »
Every week I receive at least 5 or 6 calls from people who have been house hunting on the Internet and have a list of properties they want to see in person. Their enthusiasm is so permeating that I wish it were something that could be bottled and sold like fine perfume. Then as a… Read more »
11. By selling now, you may have an opportunity to be a non-contingent buyer during the spring, when many more houses are on the market for less money! This will allow you to sell high and buy low! 10. You can sell now for more money and we will provide for a delayed closing or… Read more »
In today’s struggling real estate market, buyers (especially first time home buyers) would be foolish to write an offer on a home and potentially obligate themselves to a binding contract without the representation of a licensed REALTOR®. I say this because within the One to Four Family Residential Contract (the form that almost all Minnesota… Read more »
This question comes up constantly – “Is the media correct when predicting the real estate market?” I believe the answer is NO. Someone once told me that the media predicted 5 of the last 3 depressions… in other words, negativity & controversy sells, so that’s what the media will promote. They make everyone so nervous… Read more »
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 »
Their are three main reasons why a home doesn’t sell; PRICE, MARKETING and CONDITION. When interviewing for a new agent find out what kind of marketing plan they offer and what they focus the majority of their marketing efforts on (print ads, internet, mailings, etc). Remember the majority of buyers, over 90% according to the National… Read more »