Earnest Money / Trust Funds

Earnest Money / Trust Funds

Earnest Money Earnest money, also called “good faith” money is money you put down to indicate that you are serious about making an offer on a home. Basically it stops 500 people from just “making an offer” on every house out there. Not just everyone will be willing to write a check for a few… Continue Reading

What is the purpose of a Homeowners Association?

What is the purpose of a Homeowners Association?

Homeowners Association (HOA) Explained When you are looking at purchasing a townhouse or a condominium, you’ll oftentimes hear the term “association” or “homeowners association” or may some other derogatory names. No matter what they are called, I’ll be using the term HOA to refer to the Homeowners Association. Many people, when they consider purchasing their first… Continue Reading

Reserve Funds And What It Means To A Complex

Reserve Funds are a necessary part of an association. Part of your association dues goes towards this fund that will help pay for future repairs. This fund is typically used for roof replacement, deck replacement, siding, driveways, and other big ticket items. When you purchase a condo or a townhouse, you should pay special attention… Continue Reading

Single Family vs Townhome vs Condo – By The Numbers

Single Family house vs Townhouse vs Condo. Which is more expensive? I have been asked this question many times, and in this not so brief article, I’ll take a look at the monthly expenses closely. Assumptions. For the Single Family House I will be using a made-up $250,000 house located in South Minneapolis. This factitious… Continue Reading

Can’t I always lower the price later?

Can’t I always lower the price later?

Many sellers want to ask for the highest price possible. But is that in your best interest? Below I’ll go over a couple scenarios that could ultimately net you a higher price. Start Higher, Lower Later Let’s say that my analysis shows that your house should sell with a net sales price of about $300,000. If… Continue Reading

Why a seller should pay for your closing costs

Why a seller should pay for your closing costs

In each real estate transaction, there are buyer’s closing costs, as well as seller’s closing costs. But increasingly, buyers are asking sellers to cover their closing costs. Why should sellers pay for buyer’s closing costs? The main reason is that this is purely an accounting move. With the way we structure purchase agreements, it is… Continue Reading

5 easy, low cost improvements to increase a home’s value

5 easy, low cost improvements to increase a home’s value

When people are thinking of selling their homes, I always get this question asked: What are inexpensive ways I can increase the value of my home? In this brief post, I’ll outline 5 inexpensive ways you can help the value of your home. Sometimes the value will be in immediate increase in price, or others may… Continue Reading

Qualities of a good lender

Qualities of a good lender

What makes one lender better than another lender? I’ve been asked this question by buyers looking in the Minneapolis and St. Paul area many, many times. There are many little differences between lenders, but there are some very basic differences that can make your home buying process go smoothly or bumpy like the potholes we… Continue Reading

Should I Sell First or Buy First?

Should I Sell First or Buy First?

Yesterday I was talking with a person that is looking to downsize and sell their 5 bedroom home and buy a 2 bedroom home. We talked about a lot of details, but as a South Minneapolis REALTOR, I asked him this question:  Do you need to SELL your home in order to BUY a new… Continue Reading

Sassy Spoon

Sassy Spoon

I have recently just heard about the Sassy Spoon restaurant in South Minneapolis. It is entirely gluten free and the owner is focusing on providing healthy foods with high quality ingredients. She got started in the restaurant by means of sharing nutrition information with people. From there she started a food truck to show people… Continue Reading