Avoid Common Buying Mistakes
4 Things to look for in your Association Resale Disclosure Documents…
In Minnesota we have a Statute allowing a 10 day right to cancel a purchase agreement for any property in an Association. When you are buying a townhome in Lakeville, Eagan, Burnsville, Apple Valley, Rosemount or any other Minnesota City, you will have a document in your purchase agreement stipulating a 10 Day Right of Rescission after reviewing the Association Documents and Resale Disclosure. It’s an important escape clause for buyers, the documents should be carefully [...]
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3 Ways to Select a Builder for your New Home…
Today I had an interesting conversation with a gentleman about Building a New Home in Lakeville. We talked about the best ways to select a builder in today’s Real Estate Market. There are several factors involved in selecting a Builder including, the location/specific lot, floor plans and quality of construction. It’s a complicated process, but I’ll try to tackle it succinctly. Location or Specific Lot In the old days, developers held the land after it was [...]
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4 Ways to Win the Multiple Offer in Real Estate…
You have trudged through countless houses and finally, Eureka, you find the Perfect Home! Now you and your Realtor rush back to the office to write up an offer, only to hear the disappointing news, “there are multiple buyers offering on the home.” How dare they? How can you give yourself the best chance to win the Multiple Offer situation? Below are 4 Ways to help you Win! 1) Be Prepared, Be Pre-approved! If you are not already [...]
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4 Reasons your Home Closing may be delayed, and how to handle it….
Why are late closings happening so often in today’s real estate market? There are several factors contributing to the high percentage of ‘Late Closings’ in home sales. The Volume of Short Sales and Bank Owned Property being sold. Short Sales notoriously close late because, although approved by the bank already, the settlement figures drafted by Title Companies must be approved by the Sellers Mortgage company within the 48-72 hours immediately prior to closing. The volume [...]
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What are the Signs of Recovery in the 2012 Real Estate Market?
Our Weekly Market report brought to us from the Minneapolis Area Association of Realtors. Monthly Market Report for the Twin Cities Those who follow the numbers already know that 2012 is shaping up to be a year of encouraging change in the market. Since all real estate is local, recovery won’t occur evenly across all areas or segments. People are watching closely for signs of bottom and signs of recovery without fully knowing exactly what [...]
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Weekly Market Activity Report February 6, 2012
Our Weekly Market report brought to us from the Minneapolis Area Association of Realtors. Whether motivated by the election cycle, a jump in employment, improving housing market metrics or the best start to a year for the S&P 500 since 1989, home buyers posted increased activity levels compared to last year. Consumers signed more purchase agreements but sellers entered into fewer listing contracts. Changes in supply-side metrics confirm this, suggesting that relatively less new product [...]
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