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Tuesday, April 3, 2018

Why Modern Market Realtors of Fargo Moorhead uses

YouTube is a excellent way to bring a person thru a home, and video marketing is here to stay. The Fargo Moorhead market maybe a few steps behind the national average, but more than 50% of prospective home buyers use YouTube as their primary video research. Modern Market Realtors has been developing real estate YouTube videos for nearly 7 years, meaning we've invested a little time and effort in the video site’s infancy (before it blew up and was later bought by Google) Remember marketing is a contest for peoples attention, plain and simple. Video really gives the advantage.
Modern Market Realtors created this channel to help market homes and its been a success. please check it out if you considering selling your home and would like our help.


Sunday, September 24, 2017

Is it now a Home Buyers Market in Fargo Moorhead?

Is it now a home buyers Market in Fargo Moorhead? That is a very complicated answer, technically id say yes it is now a buyers market. So home buyers can now applause, home sellers frown. The strongest area for home buyers would be in the over $300,000 range, that part of the market is being hit hardest in the FM area. Evidence of that is seen in the amount of homes on the market right now, including new homes built as well as existing homes for sale. I'm not sure where to put the blame on the drag in this price range, I suspect some of it is due changing buying habits. I definitely hear from buyers that we've been approved for this much but, only wanna spend this much. Seems to be a new generation that is looking for needs and less for wants. That maybe some of it, but not all of it. If I were to guess home sellers have not adjusted yet to the new market and tend to sit on their home price way too long. Over priced homes sit way too long and actually end up taking a much lower price at the end of the day.

In sharp contrast is the under $200,000, that seems to be humming along pretty nicely. Sales in the price range seem very quick and the good homes still go fast. There is still a huge market for starter homes in fargo moorhead that has not filled by the home builders. The only real area being filled by home builders are the twin homes in the starter home market. Existing homes in this price range will remain popular for the no specials, an no hidden costs. For this reason the existing starter home market will remain strong for the foreseeable future.

The over $300,000 could turn around soon with stable policy from the Federal Reserve, on the other hand it could be a  real estate bubble that popped. We will have the answer next year I'm sure. If you need any advice on this or have a home to sell feel free to contact us at Modern Market Realtors.

Friday, June 17, 2016

Home Buying Guide FM Area

Click these links to View, Download or Print your FREE Buyers Guide(s)(If you would like a printed c

from Modern Market Realtors's Blog

Friday, June 10, 2016

Mortgage Rates Dip After Bad Jobs Report

On the heels of this week's negative jobs report, long-term U.S. mortgage rates dropped for the firs

from Modern Market Realtors's Blog

Tuesday, May 10, 2016

FM Real Estate Fun Fact

More Home... Less Money...The principal and interest portion of the payment on a home bought a few y

from Modern Market Realtors's Blog

Sunday, May 8, 2016

Ever Wonder What The Colored Letter Next To A Listing Means

As you are searching on the MLS for homes for sale, you will sometimes see a little yellow letter ne

from Modern Market Realtors's Blog

Saturday, May 7, 2016

Assessed Value Vs Appraised Value Whats The Difference

Two Very Different Methods of Home ValuationTwo Very Different OutcomesI often hear homeowners ask m

from Modern Market Realtors's Blog

Friday, May 6, 2016

FREDDIE MAC SAYS: Housing Market to Retain Forward Motion

While recent data darkened the growth outlook for the first quarter, April data has experts predicting housing will maintain its momentum in 2016 and be an economic engine of growth. This insight comes from data recently released by Freddie Mac. The report shows that recent declines in mortgage rates have also boosted refinance potential.

“We’ve revised down our forecast for economic growth to reflect the recent data for the first quarter, but our outlook for the balance of the year remains modestly optimistic for the economy,” says Sean Becketti, Chief Economist, Freddie Mac. “However, we maintain our positive view on housing. In fact, the declines in long-term interest rates that accompanied much of the recent news should increase mortgage market activity, particularly refinance.”

Based on new data, first quarter 2016 real GDP growth has been revised down from 1.8 to 1.1 percent...Read More


Scents That Help You Sell Your Home

Real estate professionals have long paid attention to the smell of a home, making sure the scent is

from Modern Market Realtors's Blog

Specials And Taxes What Are They And How Much Will They Cost

Specials and Taxes: What are they and how much will they cost me. SPECIALS: Commonly

from Modern Market Realtors's Blog

Thursday, May 5, 2016

How To Know If Its Time To SELL Your Home

When you first bought your house, you lived in the country. Now that same house is part of the city.

from Modern Market Realtors's Blog

Monday, June 8, 2015

New Listing Moorhead Luxury Condo

Priced at $235,000, enjoy immaculate condo living without the luxury price tag! This condo has it al

from Modern Market Realtors's Blog

Saturday, May 30, 2015

Best Not To Search Homes By Square Footage Preferences

When you include square footage in your search criteria,andnbsp;it may cause you to miss out on a hou

from Modern Market Realtors's Blog

Tuesday, May 26, 2015

Mortgage Rates Take A Slight Dip This Week

Average fixed-rate mortgages moved slightly lower this week, a welcome reversal following three cons

from Modern Market Realtors's Blog

Top NEW Home Ammenities Of 2015

The most likely features and amenities to be included on an average single-family home in 2015: Walk-

from Modern Market Realtors's Blog

Tuesday, May 19, 2015

Its Now Becoming EASIER To Get A Mortgage

Lately lenders are seeming toandnbsp;loosenandnbsp;up when it comes to home buyers obtaining a mortgage.

from Modern Market Realtors's Blog

Saturday, May 9, 2015

How to BUY & SELL a home at the same time in the FM Area!

Whatever you do, don't spend a great deal of time worrying about what will happen when you're selling one home and buying another.You're not alone. REALTORS®, lawyers, and title and escrow companies have had plenty of experience in arranging contracts and loans so that the two transactions flow smoothly.

It's best to list your current home for sale first!

Selling and buying a home is a very emotional event and if you create a "race" by locating your replacement property before you sell your current home, you may lose it to another buyer, who does not need to sell in order to buy. If you do find just the house you want, you can always put in a purchase offer contingent (dependent) on selling your present one. However, in a hot market you will have difficulty getting the house you want this way.

Sometimes the seller will sign a contract agreeing to wait a certain period of time while you find a buyer for your house - sometimes not. What would you do if you were presented with such a proposal, from a buyer who also has a house to sell? To put yourself in the best negotiating situation (therefore most likely getting the best deal you can on your purchase), you definitely need to put your home up for sale first.

There is a process your Realtor® can follow to guarantee that you are not without a home.

In the chance that you sell your house and you have not found one to buy, the Realtor® can make sure that you are in the drivers seat and that you aren't forced to go thru with the sale unless you've got a house that you want to buy. Ask your Realtor® about this to make sure you are protected. If you do not follow this process and just list your home for sale, once you are in that contract, you will legally have to go thru with the sale regardless if you have found a new home or not, so make sure you are protected or that you have a plan B.

*(If you do find that you need to buy the next house before you've received the proceeds from the present one, lending institutions can sometimes give you a short-term "bridge" loan or a home equity line of credit (HELOC) to tide you over between the two transactions. Make sure you fully understand the exposure and emotional investment before proceeding with this type of loan. This is something you would need to talk to your lender about and only necessary in rare situations.)