By Ingrid Friel, Twin Cities Realtor since 2009 There’s no one reason the market we’re experiencing today came to be. We can’t point to a single factor and say, “Yes, that’s exactly why prices in Twin Cities Metro Area are appreciating so quickly and inventory can’t keep pace with our stronger-than-ever demand.” Today’s market is... Continue Reading →
With rates trending up in 2022 we are seeing the trend of clients paying down with funds and "locking in" the interest rate. Plan some extra money for locking in your rate when house shopping. If a seller is hoping for time to find a home you may need an extended close date. Once under... Continue Reading →
Walkers Buyer Packet Final 2022.pdfDownload My trusted lender Lisa Walker with Cross Country Mortgage has some great resources for buyers in 2022. Tracking our expenses isn't always easy but it is meaningful and important. I remember buying my first home as a young professional and needing to consider what my must haves vs. nice to... Continue Reading →
My friends at Title One provided some useful information on purchasing a home from a foreign person. Keep this in mind for upcoming purchases. Here's a short summary... The following article was written for us by Barbara A. Olson, a local tax attorney. By Barbara A. Olson 612-436-3293 firstname.lastname@example.org Generally under Federal law, when the... Continue Reading →
Appraisals Catching Up to Rising Home Values | Realtor Magazine. As sellers and buyers look to an exciting Twin Cities market this article is a useful reference to appraisers ability to value properties based on current conditions. It's important for sellers to be able to sell for market value and for buyers to obtain financing... Continue Reading →
I just helped a wonderful retired couple Rick & Mary downsize from a large home to a 2 bedroom/2 bath townhouse. They wanted to stay in the same community as their house and wanted one level living. The home they found did not seem like a perfect fit since it was a 1 bedroom/1 bathroom... Continue Reading →
Soon, those short sales won't take quite so long | StarTribune.com. As I read this article I thought - finally they are getting a handle on short sales - yeah, good for distressed sellers and buyers. On the flip side I think of my sellers, and realize this will increase the competition. Many buyers now... Continue Reading →
Housing Is ‘Awakening From Hibernation,’ Freddie Says | Realtor Magazine. I've had a few experiences this past month that would support this "awakening" analysis. I am especially seeing foreclosures sell quickly and nicely updated homes in desirable locations/neighborhoods.