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!
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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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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.

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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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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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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Grand Forks Gorgeous Updated Rambler

Click on the photo for more information, more photos and pricing!

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NEW LISTING - Awesome Updated Rambler! Grand Forks, ND

 

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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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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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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

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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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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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10 Mistakes to avoid when Buying a home

 10 Mistakes to avoid when Buying a home

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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