Instant Home Valuation

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

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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

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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

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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

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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

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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

Source

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

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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

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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.

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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

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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

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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

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Top NEW Home Ammenities Of 2015

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

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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.

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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.)