Happy Holidays to Fargo Real Estate

Everyone at Modern Market Realtors would like to wish a Happy Holidays to All our home buyers and home sellers in Fargo, Moorhead and West Fargo. Looking forward to Serving the Fargo real estate are for the next 20 yrs. If your looking to sell a home give Modern Market Realtors the opportunity to help you get that home sold.  FargoHomeSearch.com is our website if your looking for homes for sale.

Call Jim Christl or Shannon Barnum if you wanna buy or sell that home. 701-491-2000

What are special assessments in Fargo Moorhead?

Here at Modern Market Realtors we get asked a lot, what the heck are specials on property and why does no other area of the country have them? Most cities throughout just use local and state dollars raised thru taxation to support these projects, but not in the FM area. We have specials! Shannon Barnum of Modern Market Realtors says "Think of specials as nothing more then taxes, you can avoid the higher specials if you choose to live in a older more developed neighborhood."

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Jim Christl Fargo ND Real Estate Agent

Modern Market Realtors
1306 24 Ave S
Moorhead MN 56560
Office -(701) 205-5517
Home Phone -(701) 205-5517
Mobile-(701) 205-5517
Email: Jim@ModernMarketRealtors.com

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Fargo Moorhead just seems to avoid those crazy ups and downs in the housing market.

Fargo Moorhead Real Estate has always been an anomaly in the big picture of housing. The FM area which I have lived in for over 30 yrs, always seem to be anything but a bellwether for the market. Hmm what do I mean by that? Fargo Moorhead just seems to avoid those crazy ups and downs in the housing market. Yes we do have times when the market is better, or not as good as other times, but Fargo just never has the off the charts crazy god or crazy bad times.
 1 of the thing I notice a lot is people saying "Hows the market?"Well im here to tell you the housing market may be beginning to cool, but it's still quite good over all. Home sales are down from a year ago, more sellers are cutting their asking price and mortgage rates are climbing. Surveys last week showed 30-year rates approaching or crossing 5 percent, the highest they’ve been in seven years. Aaron Terrazas, a senior economist at Zillow.com, said that although the economy is strong, rising rates can cause a psychological chill. People have been receiving news of a looming slowdown,” Terrazas said. “They’re starting to take that into account, and they’re being more conservative in their bidding than a year ago.” Throughout the recovery, a shortage of listings has helped drive prices up, at first because homeowners were reluctant to sell at depressed prices. But this shortage is also keeping many would-be buyers on the sidelines, as they opt to rent or stay put. “Buyers are weary,” said Shannon Barnum, a sales agent with Modern Market Realtors in Fargo Moorhead. “They’re sick of hearing that it’s a sellers’ market.
 Rising rates
 The new dynamic is higher mortgage rates, after a decade in which they remained unusually low. Shannon said that while housing affordability is still excellent by historical standards, 5 percent is a threshold that will be a test for buyers. She said that’s especially true for first-timers who don’t remember the double-digit rates of the 1980s. Given the rapidly changing nature of the market, Shannon and other agents are warning sellers that buyers are on the defensive. she’s now including a clause in some listing agreements that asks sellers to approve an automatic price reduction if the house doesn’t sell in 10 to 14 days Those price reductions tended to be most common in areas that were developed in the 1980s and 1990s and are flush with big houses that need updating. In Rose Creek and CharlesWood, for example, price cuts were being offered on nearly one in four listings. Shannon Barnum, a broker associate in Fargo, says many buyers already believe homes are overpriced, so she’s advising sellers to make price adjustments ahead of what she expects to be a shift in the market. “It’s been primarily a sellers’ market the last two years,” she said. “Our buyers were getting frustrated and tired of losing their dream homes over the frenzy of multiple offers. They decided to rent instead and wait for prices to stabilize

Video 366 Edgewater Dr West Fargo ND Reduced Price Modern Market Realtors

FargoHomeSearch.com: 366 Edgewater Dr, West Fargo, ND

$400,000

NO SPECIALS!! Immaculate, beautiful home in desirable Charleswood Neighborhood! Welcoming porch entry. Vaulted ceilings & neutral paint colors throughout. Enjoy all new carpet on Main Level. Living room has lovely picture window & gas fireplace. Open concept dining & kitchen area with SS appliances, granite counter tops, island, tons of cabinet space, & pantry. Also on Main Level is large family room with gas fireplace, laundry, half bath, & den. Upstairs, find the spacious Master Suite with walk-in closet, jetted tub, walk-in shower, & double sinks. Also on this level, 2 bedrooms & full bath. Downstairs is additional family room, 2 bedrooms, & full bath. 3 stall finished garage, heated with floor drain. Fenced backyard, MF deck, & sprinkler system. New Roof in 2017.

 

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FargoHomeSearch.com: Jake and Lori Scott Another Happy Home Owner

Jake and Lori another happy customer! Thanks guys, you were so much fun! hope you enjoy your new home and life.

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Fargo Moorhead Realtors: Generation Z and the Crushing Effects of he Great ...

Fargo Moorhead Realtors: Generation Z and the Crushing Effects of he Great ...: When the housing market collapsed 10 years ago, conventional wisdom held that millennials would become a lost generation — a generation t...

Just Listed Video 3133 5 th st E West Fargo ND

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Just Listed Video 3133 5 th st E West Fargo ND.
Great Home in a Great neighborhood.
For Sale  $289,000

For Sale: 3133 E 5 Street, West Fargo, ND 58078

Gorgeous 3 Lvl with added touches, maint free fence, deck and shed, additional square footage added to accommodate 4 bedrooms, kitchen has ss appliances including gas stove and added pantry cabinets. Upgraded trayed ceilings, ceiling fans and transom windows added.

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SOLD..3324 39th St S Moorhead MN 56560 $199,900.00

SOLD
3324 39th St S Moorhead MN 56560  $199,900.00

For Sale: 3324 39th St S Moorhead MN 56560

3324 39th St S Moorhead MN 56560

$199,900.00

HUGE Price Reduction! One of the Biggest Lots in Village Green. 4 Bedroom 2 Baths 3 Stall Garage Fully Fenced Maintenance Free Very Private.  For Info Click the Button Below

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For Sale: 1602 6th St S Fargo ND 58103

Desirable South Fargo Rambler with a Modern Twist. Awesome Kitchen, Large Windows Close to Lindenwood Park...Check me out! For more info click the link Price $214,900

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For Sale Big Country Property in Hendrum MN

For Sale: 126 Park Ave. E Hendrum MN 56550 Huge DREAM Kitchen! Huge DREAM Garage! Huge DREAM Lot! Now stop dreaming... make it a reality and schedule your showing today!
Learn More Here FargoHomeSearch.com

For Sale: 3513 18 Th St S Fargo ND 58103 4 bedrooms 2 baths

For Sale: 3513 18 Th St S Fargo ND 58103 4 bedrooms 2 baths,with lots of natural light inside home. Totally open floor plan with many updates. Fully fenced yard and very private. Hot tub included. Almost no specials! $209,000 Call or text us for a showing today!
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Why existing homes will become more and more attractive to home buyers in 2019

 
Existing Home Definition:Existing home sales is an economic indicator released by the National Association of Realtors. The data reflect the number of homes that have previously been constructed (and therefore accounted for by the new home sales indicator) and are now being resold.

Fargo ND, No one can really predict the future but my educated guess is that new construction is about to take a butt kicking Not just here in Fargo,ND but everywhere in the US. New tariffs are set to intensify already soaring construction prices, have a ripple effect across real estate industry. U.S. builders say Trump's tariffs are adding $9,000 to new home prices, and that's not all. Higher lumber costs, labor shortages and growing regulations are holding U.S. builders back as they try to ramp up construction to meet the huge demand for housing.
All this uncertainty is great for existing home owners who will start to see their property values go up faster as the price of a new home goes up quickly. Pricing many buyers out of the new construction game for the foreseeable future.
 Why even consider buying an existing one? A big one is cost. In similar markets to Fargo Moorhead, new homes typically cost more than existing ones, and depending on where you live, the difference can be substantial. No new home premium. In most markets, new homes are more expensive simply because they’re new. Call it the “new home premium”. It’s the same reason why people will pay more for a new car than a used one, or anything else that’s brand new. The problem is, once you’re in the home for a year or two, it’s not new anymore!
Some new home buyers find themselves in a quandary if they purchased a new home in a large subdivision where new construction is ongoing. If they have to sell their home while new units are still being offered for sale by the builder, they’ll have that to compete with. Except that the home they’re selling – which is no longer new – is now an existing unit in competition with new ones. Guess which homes usually win that contest?
An existing neighborhood “personality” is known. Existing neighborhoods develop something like a personality. We hear terms like “kid friendly”, “close knit”, “active” and “peaceful” used to describe existing neighborhoods. If those descriptions are of a positive nature, they tend to enhance the desirability and resale value of the homes that are in it.
Which home do you think is the better buy, new or existing? Do you have any stories you can relate from your experience with either?
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Why Modern Market Realtors of Fargo Moorhead uses YouTube.com?

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.
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