Archive for February, 2009
Word of The Week: Sheriff’s Sale
If you’re new here, you may want to Subscribe to my RSS feed. You may also be interested in coming to one of our FREE First Time Home Buyer Classes. Click here for more information. Thanks for visiting!Lately, I have been bombarded with questions about Short Sales and Foreclosures. Which makes sense, since [...]
10 Questions to Ask Your Loan Officer
I’m not a loan officer. But I work with a lot of them. Not all loan officers are created equal, for obvious reasons. The good news is that a lot of the sub-par lenders have gotten out of the business over the past few years, and that means you are probably working with a decent [...]
Deciding on Price
I get this question all the time once my clients find a home they like:
If we wanted to put in an offer for this property, how much should we pay?”
It’s a completely valid question and more often than not, I cannot answer them on the spot. To accurately find a fair price for most homes, [...]
$8,000 Tax Credit for First Time Home Buyers
Now that the massive $700+ Billion Stimulus Package has been signed into law, there are going to be a lot of questions to answer about what sort of relief home buyers will get in Minnesota.
At one time, Congress was talking about giving a $15,000 Credit to everyone who bought a home this year, regardless of [...]
Plan to Fight Foreclosures
There’s been a lot in the news about Government Intervention into the housing market, particularly fighting off the tsunami of foreclosures that have been happening over the past several years.
As a home owner myself, I don’t want to sound unsympathetic to others who are falling on hard times. But I still question some of these [...]
Word of The Week: Arbitration
*Disclaimer – I am not an attorney or legal adviser. Always consult an expert when dealing with legal matters*
When writing up a Purchase Agreement for a property in Minnesota, you will have to sign off on a line that states you have been explained the choice to use Arbitration or Litigation when resolving disputes on [...]
Bidding Wars?
So maybe it’s not like the market of 2000-2005, but more and more I am seeing homes get multiple offers and sometimes sell for more than listing price.
We call this a “bidding war” in the business, but it’s really not all that brutal. The only fact that makes it a war-like atmosphere is that in [...]
Free Event: First Time Home Buyer Class
[ February 19, 2009; 6:30 pm to 8:00 pm. ] ***REGISTER HERE***
For everyone looking to learn more about the “Buyer’s Market” we’re currently in, we have another free First Time Buyer Seminar coming in February.
What: First Time Home Buyer Seminar
When: Thursday, Feb. 19
Where: Cornerstone Mortgage – 436 Gateway Blvd, Burnsville, MN
Map of Cornerstone Mortgage: 436 Gateway Blvd, Burnsville, MN
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Want to get the best [...]
Word of The Week: Pending
This is a term you’ll see a lot more in the coming months. There are certain status designations that properties on the MLS (Multiple Listing Service) get filed under.
They are:
Active
Pending
Expired
Cancelled
Sold
Temporarily Not Available for Showings.
They’re pretty self explanatory, but it’s always the gray areas in life we seem to gloss over. So, here’s some more information [...]
$15,000 Credit for Home Buyers?
You may have heard the news break this week, and I wanted to let all the readers know that Congress is putting together a possible $15,000 home buyer credit, which may be included in the Economic Stimulus Package that Barack Obama’s administration is pushing through the House.
Remember, this is just proposed at the moment. Expect things [...]
