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Results For Tag: buyers

Do you have my app?

September 17, 2012 |  Article By :   | 

Do you have my app – the Results Radar app?  If you are a serious buyer or just someone that likes to know about homes that are for sale in the Twin Cities my free Results Radar app is a must for you!

Once you have the app on your phone you simply turn on the radar and point your phone at a home that is for sale or move it around and it will show you all the homes for sale in the direction you are pointing.  Choose the one you want to find out about and it will give you all the available information without having to contact anyone or write down any phone numbers or addresses.  It also allows you to save listings, set up showings, etc all from your phone.

If you are a buyer it is a very useful tool when you are driving around areas you want to live in and it is ideal for people who are just curious about real estate.

Download it now and give it a try, you will wonder why you did not have it sooner! Simply text the word:  WENDY to 651-433-6400 or  click here for more detailed information and instructions, then POINT, SHOOT, READ!

 

Appraisals

Appraisals, some blame appraisers for part of the housing market crash and now they are catching heat again for blowing up sales.  In order for the buyers to get their financing, the home they are buying has to appraise for the amount on the purchase agreement.  Right now the housing market is starting to rebound causing multiple offer situations which drive the price of a home up.  According to the National Association of Realtors, 33% of appraisals in May 2012 came in BELOW the price on the purchase agreement.  Evidently, many appraisers are not correctly recognizing the increase in home prices.  If the appraisal comes in too low there are basically 2 options, lower the purchase price which the buyers don’t mind but the sellers are not happy with or try to have the appraiser make an adjustment which does not happen very often.  It is the duty of the appraiser to find the correct value for your home in the current market but it is also your job as buyers and sellers to make sure that the price offered is also a fair price in the current market.  Moral of the story is that when the purchase agreement is signed and the inspection is finished, the sale is still not done until the appraisal comes in.

How Buyers Search For Homes

June 25, 2012 |  Article By :   | 

A frequent question that sellers ask is how buyers search for homes?  It used to be that you would find homes in the newspaper, in those free magazines at the supermarket or the gas station, Realtors has mls books the size of a jumbo telephone book and so on.  Now with the boom in technology, the whole method of searching for a home has changed.  The 2011 National Association of REALTORS® Profile of Home Buyers and Sellers found the following to be how buyers search for homes today:

Information sources used in home search:

  •     Internet: 88%
  •     Real estate agent: 87%
  •     Yard sign: 55%
  •     Open house: 45%
  •     Newspaper ad: 30%
  •     Home book or magazine: 19%

 

Minnesota Home Prices

April 20, 2012 |  Article By :   | 

According to the Minnesota Association of Realtors Minnesota home prices are increasing!  As I have previously mentioned the supply of homes is down and the buyers are out in full force creating a multiple offer situation on many properties.  These factors appear to be leading to a price increase in Minnesota.  Home sales in March 2012 were up 7.5% from March 2011 and median price on closed sales was up 7.1%!  Sales have been rising the past few months but this is the first significant price increase.  We are not out of the woods yet as we are in the spring market which normally has the highest sales and prices have dropped much more than 7% since the housing crisis began but it is a positive sign!