The FHA Mortgage Insurance premium will be reduced from 0.85 percent to 0.55 percent for most homebuyers seeking an FHA-insured mortgage, which could mean an estimated savings of $678 million for American families in aggregate by the end of 2023 alone. For details, please read the Department of Housing and Urban Development…
Tag: Minneapolis First Time Home Buying Process
Minnesota First-Time Home Buyers Guide
Buying a home is an exciting milestone, but it can also be very overwhelming for first time home buyers in Minnesota. Fortunately, a trusted real estate agent (such as Shannon Lindstrom with RE/MAX Results) can help guide you through the experience and ensure that you make the best decision for…
What does pending sale mean in real estate?
Buying a home is a process. Once a buyer writes an offer and has it accepted, thelisting status is called a “pending sale.” During this stage, the principals involved perform all the elements of the contract, and once complete, the title is transferred to the new owner. This might sound…
Motivated Seller – Make Me an Offer!
Even in a strong Twin Cities seller’s market, a homebuyer might hear the words, “Make me an offer.” For a nicely appointed home in the Twin Cites that is well priced, this can be a surprise. Being invited to write an offer can often give the buyer pause. Most buyers…
Buying a Home in Minneapolis- Saint Paul with an Easement
If the home you’ve fallen in love that has an easement, you may be wondering how this affects you. An easement gives a person or entity the right to use part of your land, but only for a very specific reason. For example, a utility company may have an easement…
MN Home Buying Myths
Buying a condo, a townhome, or a single-family home can seem like a huge undertaking. You don’t need to be a first-time home buyer to find the process overwhelming. There is so much information available, how can you tell what’s true and what’s a myth? Understanding the difference can help…