As a broker/Realtor in MN I often get asked for advice when it comes time to sell a home. There are many things you can do but a few things stand out among others. [Read more…]
Search TITLE right here, right now. If you have been waiting for the bottom of the market I’m sorry to say you missed it last year. Prices are on the rise and have been since late 2011.
Many people hear the terms Realtor and Broker thrown around when it comes time to buy or sell their home in Minnesota. But what is the difference? [Read more…]
Inventory is much lower than the past few years making the buyers compete for the properties they want to buy. There are plenty of houses for sale in MN you just need to be ready to move when you find that special place.
- Get pre-approved.
- Know what you are looking for in terms of price, location , and style.
- Hire the right real estate agent to represent you.
- Get an inspection on the property you want to buy.
- Don’t buy anything until the property closes once you have found a place, lenders will often times check you credit just before closing and can deny you a mortgage if you went and bought that shiny new car.
- Enjoy your new home!
Nate Berg is a licensed Broker/REALTOR who specializes in helping sellers sell their home quick and enjoys helping those in need of a short sale. Nate also loves helping buyers find that special place. To talk with Nate and see how finding your next Minnesota home can be fun contact him below.
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So you want to make some quick and easy money? All those programs on TV make it look so easy and wow they make thousands within weeks. Investing in Minnesota real estate can make you some good money but it can also make you go broke.
All those TV shows are only showing the small reality of making money in real estate. The truth is you have to be prepared to loose money too. You need to have a qualified team working with you to make it happen and happen on time. Buying a house is easy it’s the work afterwords that makes it tough.
- First and foremost you need to have a Realtor who works for you and only you. Don’t think if you call the agent who is listing the home you will get a better deal, wrong! Commission prices are built into a listing and don’t change if only one agent sells the home. That one agent just gets twice the commission and has less responsibilities to you.
- Do an inspection! Don’t ever buy a home without having a qualified inspection done to it. You never know what problems you might miss. Spend the few hundred dollars and make your transaction a little more stress free.
- Check for city sponsored rehab loans or special financing. Some cities want to help clean up their housing inventory and will give you money for nothing or next to nothing.
- Find the right contractors. Don’t just hire your best friend to do the job. It needs to be done right and with permits or you won’t be able to sell it on the backside without a problem. Never pay a contractor for anything more than supplies before they finish the job.
- Do a good rehab. Buyers aren’t dumb and if all they see is a paint job and new carpet they will know they are being screwed. Do quality work and actually fix the home without cutting corners. I can’t tell you how many times I have heard a buyer tell me in a rehabbed home, “if the didn’t do that right what else did they not do?”
- Be prepared to hold the house for 6 months. Some banks when buying a foreclosure will not allow the property to be resold for 60 days from when you buy it. Some lenders for buyers won’t allow it either. You also need to be prepared to hold the property for a few months before it closes to the new buyer.
- List it at the right price. I know you want to make money, after all you bought the home and fixed it up to make that money but be smart. Don’t be the highest priced listing in the neighborhood because it won’t sell. I advise to my investors to list it for 3% lower than the closest competition and let the beauty of the rehab sell it quick. In fact, many times it will lead to multiple offers and a higher profit margin for you anyway. Think about it, would you rather list a home for a few grand less to start or over price it and spend thousands in interest while it sits?
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Finding out how much your MN homes is worth can help you determine how much you can sell your home for. There are many variables involved with determining value and our free report will get you pointed in the right direction. Ultimately the price you list for is decided by YOU and not us. Please also consider this report is based of a rough value and will vary upon condition and detailed features of the home.