When is the perfect time to buy? It’s difficult to say, but a recent article from Blanche Evans (When Should Homebuyers Jump In?) helps recognize the signs of good timing.
Some factors are separate from market, such as job transfer or new additions to the family but some are market-based. Experts suggest that homebuyers make their more just as the market is starting to improve.
You don’t want to wait too long and you can’t wait until house prices drop – or you may risk losing your dream home.
Visit the article for a list of 8 signs that it’s time to buy.
Monday, June 25, 2007
Friday, June 22, 2007
All About Richfield
The Star Tribune recently ran an article on Richfield (Inner-ring suburb grows in place). Most of the homes in Richfield were built shortly after World War II, so they are fairly small. The city is encouraging remodeling of those homes with a Transformation Homes loan program.
The result has been that many people are staying in Richfield longer, the homes are getting bigger, and it is increasingly becoming a more desirable place to buy a home.
You can check out Richfield this weekend at the Richfield Beautiful Home and Garden Tour from 1 to 5 p.m on Saturday June 23.
The result has been that many people are staying in Richfield longer, the homes are getting bigger, and it is increasingly becoming a more desirable place to buy a home.
You can check out Richfield this weekend at the Richfield Beautiful Home and Garden Tour from 1 to 5 p.m on Saturday June 23.
Monday, June 11, 2007
Minneapolis Luxury Home Tour
The 7th annual Twin Cities Luxury Home tour is happening this month. June 8-10, 15-17, 22-24, 2007; Friday, Saturday & Sunday, noon to 6:00pm.
It showcases spectacular million-dollar homes. It’s a fun tour to visit. Even if the price might not match your pocketbook, it’s still a great place to glean some million dollar ideas. You will want to remember however that the sponsors of the Luxury Home Tour are vendors. Don’t sign anything and don’t make hasty decisions. Your buyer agent can help you through the process of inquiring about any prospective new homes.
The homes are located in Blaine, Champlin, Gem Lake, Greenfield, Eden Prairie, Edina, Lake Elmo, Mahtomedi, Medina, Minneapolis, Minnetonka, Minnetrista, Prior Lake and Wayzata.
Tickets for the entire tour are $20 advance (available at Caribou Coffee) • $25 at the homes. Tickets for single-home tours are $5 each. Learn more from the Luxury Home Tour web site.
It showcases spectacular million-dollar homes. It’s a fun tour to visit. Even if the price might not match your pocketbook, it’s still a great place to glean some million dollar ideas. You will want to remember however that the sponsors of the Luxury Home Tour are vendors. Don’t sign anything and don’t make hasty decisions. Your buyer agent can help you through the process of inquiring about any prospective new homes.
The homes are located in Blaine, Champlin, Gem Lake, Greenfield, Eden Prairie, Edina, Lake Elmo, Mahtomedi, Medina, Minneapolis, Minnetonka, Minnetrista, Prior Lake and Wayzata.
Tickets for the entire tour are $20 advance (available at Caribou Coffee) • $25 at the homes. Tickets for single-home tours are $5 each. Learn more from the Luxury Home Tour web site.
Saturday, June 09, 2007
Placing a Contingency Bid
The Minneapolis Star Tribune recently ran an article (The contingency conundrum) about buyers who get into the trap of bidding on a home before they have sold their own home. One tactic is to place a contingency on your bid that relies on you selling your home before you buy a new home.
The contingency route I snot a perfect world. There are pros and cons for the buyer and seller.
From a buyer’s perspective a contingent offer can be better than no offer at all. It does get you in line to buy a home while eliminating the risk of paying 2 mortgages. For many people the stress of placing a non-contingent offer and running the risk of owning 2 homes is more stress than they want to experience. A contingency offer can also be the motivator a buyer needs to market their current home.
The downside of a contingency offer is that a seller won’t always accept it. Also you often need to bid full price or provide increased earnest money to sweeten your contingency offer.
Want to learn more about contingencies? Contact the Buyers Real Estate Group.
The contingency route I snot a perfect world. There are pros and cons for the buyer and seller.
From a buyer’s perspective a contingent offer can be better than no offer at all. It does get you in line to buy a home while eliminating the risk of paying 2 mortgages. For many people the stress of placing a non-contingent offer and running the risk of owning 2 homes is more stress than they want to experience. A contingency offer can also be the motivator a buyer needs to market their current home.
The downside of a contingency offer is that a seller won’t always accept it. Also you often need to bid full price or provide increased earnest money to sweeten your contingency offer.
Want to learn more about contingencies? Contact the Buyers Real Estate Group.
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