If you have experienced a 'Low Appraisal' you are well aware of the negative affect it presents for your transaction. Appraisal standards and practices have changed in response to the falling Housing Market. Follow this link to read the new guidelines regarding appraisal standards which...
Divorce requires decisions about everything in your life, including the house. What should we do with the house during a divorce? Years ago the solution was simple, you either sold the house and split the proceeds or one person refinanced the home into their name...
There are important things to consider when you buy a condo in today’s market. Buyers should carefully read and review the financial disclosures, operating expenses and financial reserves of any association. I always suggest to my clients, the reserves held by an association should be equal...
Lakeville has a wonderful Area Arts Center and this year the Arts Center is celebrating it's 10th Anniversary. There are many events planned for the 2011-2012 season including special concerts, receptions, and exhibits. [caption id="attachment_2038" align="alignleft" width="300"] Explore Lakeville Area Arts at the Arts Festival[/caption] The Lakeville...
When Selling your Savage MN home, there are no mandatory inspections, nor is there any obligation for the Seller to fix items in the home. It's also true for Selling a home in Eagan, Lakeville, Rosemount, Burnsville, Farmington and Prior Lake too. Conversely, when selling a...
[caption id="attachment_1343" align="alignleft" width="300"] Avoid Expired Status[/caption] The numbers are staggering, in the past few years the percentage of Listings which have Sold in the Twin Cities area is lingering around 52% . Unfortunately, listings which do not sell end up on the Expired or Cancelled list. Since...
Loan Modifications have helped many homeowners and banks are approving modification requests more often. Many Banks have streamlined their process. There are several new programs including the HAMP program for loan modification and HAFA, a program to assist homeowners through the short sale process. The Minnesota...
The prices are falling, the prices are falling! Buyers in all of Apple Valley, Burnsville, Eagan, Rosemount, Lakeville and Farmington are eagerly shopping for the 'Best Deal', and rightfully so. Listening to clients discuss their purchase while riding in my car between showings is instrumental...
Its a battlefield out there and Homeowners with Equity in their South of the River Home must take steps to defend it. [caption id="attachment_1144" align="alignleft" width="300"] Compete with Foreclosures on Price[/caption] We are in a marketplace of extremes and Traditional Home Sellers are squeezed in the middle, competing with foreclosures and...
[caption id="attachment_1719" align="alignright" width="300"] Short Sales take a Long Time to Complete[/caption] Short Sales are anything but short, actually they take a long time. A short sale means the Seller will be 'short' of enough money to pay off their full mortgage balance. All mortgage balances need to...
