Election years often bring a bit of uncertainty to the real estate market. Many buyers and sellers tend to take a “wait and see” approach, watching for potential changes before making major decisions. Now that the election is behind us, attention is shifting to the factors that will shape the market moving forward—most notably, interest […]
Post-Election, What’s Next for Real Estate?
Election years often bring a bit of uncertainty to the real estate market. Many buyers and sellers tend to take a “wait and see” approach, watching for potential changes before making major decisions. Now that the election is behind us, attention is shifting to the factors that will shape the market moving forward—most notably, interest […]
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Large storm over your new home? What are my rights?
If a storm rolls through while under contract for a home, it’s important to make sure there is no damage to the house before closing. If damage does occur, it is typically the responsibility of the seller to bring the house back into the same condition it was at the time you wrote the offer. […]
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Could we see our first rate cut? September’s Update
It looks like we may soon see our first rate cut from the Federal Reserve since 2020. In an effort to combat inflation, the Fed has been steadily raising the federal funds rate, which caused mortgage interest rates to rise as well. We’ve seen mortgage rates climb from the high 2% range all the way […]
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Low appraisal? Now what?
If you are financing the home you buy, the bank will order an appraisal of the property to make sure they are not lending more money on the property than what it is worth. If your appraisal comes back for less than the purchase price, here are some steps you can take: – Re-negotiate the […]
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Worried about a home inspection?
As part of the selling process, a buyer often requests to do a home inspection. Here are some tips to make a home inspection go smoothly: Clean and Declutter – Make sure all areas, including the basement and attic, are accessible. Provide Access – Ensure that keys to any locked areas are available. Check Utilities […]
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Navigating the inspection period
Once you have an accepted offer, the inspection period starts. The length of the inspection period is negotiated as part of the offer. The inspection period typically begins immediately after the offer is accepted. We always recommend hiring a professional inspector to go through the home. They will do a comprehensive inspection looking for any […]
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The Rights of a Homebuyer
As a new homebuyer, it’s important to be aware of your rights. There are federal and state laws in place that protect homebuyers from unfair treatment and misleading information when applying for a loan. The following information is from The office of Minnesota Attorney General Keith Ellison, click here to visit the source. Equal […]
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To do, or not to do, the project
As you prepare to sell your home, you might be wondering whether taking on certain projects could increase its value and appeal to potential buyers. Here are a few considerations: Curb Appeal – Simple landscaping and a fresh coat of paint can make a great first impression. Minor Repairs – Fixing any obvious issues, like […]
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Multiple Offers? How to get yours to stand out
In some areas, homes are selling quickly with multiple people submitting offers. Here are a few ideas on how you can make your offer stand out: – Offer more than the competition – Use an escalation clause stating you will beat any offer by a certain dollar amount up to a set limit – Communicate […]
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