How to Use the Equity in Your Home to Buy a Home in Retirement Whether you’ve just retired or you’re just thinking about retiring, you may be dreaming about the next stage of your life. You’re not alone. Research from the Retirement Industry Trust Association (RITA) shows 10,000 Baby Boomers reach age (65) every day in the US, and fewer than half of the people in that generation have already...
How do you know which is right for you Should You Buy or Rent in the Twin Cities in Retirement? If you’ve planning to move or downsize from your current home after you retire, you might be wondering if buying or renting is the best option. While both options have benefits, there are also downsides. How do you know which is right for you?In this post, I look at the pros and cons of renting and...
The Answer may suprise you Can You Get a Mortgage After You Retire? There are a lot of things to think about when you’re getting ready to retire, but if you’re like me, whether you’ll be able to sell your home and get a loan to buy another home wasn’t really on my radar. I just assumed I would be able to qualify for a mortgage when the time came. https://youtu.be/ZfnFHhhk4B0 Then one of my...
April 2023 Twin Cities Housing Market Report The Spring Market Begins to Bloom https://youtu.be/zricAaEqpxA The number of new home listings that came to market in March was more than double what we saw in December, a season increase after a long Minnesota winter. But the promise of the spring market is tempered by a shortage of homes for sale and higher interest rates, Good News Bad News When it...
Assessed Value, Market Value or Zestimate How Much is My Home Worth? Every year when property tax valuation notices hit people’s mailboxes, I start getting a lot of questions from homeowners about the difference between assessed value and market value, and why neither of these things seem to have anything in common with their Zestimate, the amount Zillow says their home is...
What's happening in the Real Estate Market? Twin Cities Housing Market Update March 2023 There’s some interesting stuff happening in the housing market this March. In this month's update I talk about three of those things. One, what’s happening with home prices in the Twin Cities 7-county metro; two, what’s happening the inventory of homes for sale; and, three, what’s happening with days on...
Minnesota offers Downpayment Assistance for first-time and Repeat Homebuyers Can I Get Downpayment Help? You want to buy a home, but you’re having trouble saving enough money for a down payment. I get it. Did you know that you could be eligible for up to $17,000 in downpayment assistance?In this blog, I tell you about two Minnesota-based loan programs that could help you achieve your dream of...
It's often repeated, but is it true? Do You Need 20% Down to Buy a House? You’re thinking of buying a house, but you’ve been told you need to save 20 percent of the purchase price first for your down payment. With today’s housing prices, that would mean saving up tens of thousands of dollars before you could even consider buying a home. It’s daunting. But is it really true? Do you need to put 20...
Not every realtor is the right realtor for you 5 Things to Ask Before Choosing a REALTOR® What are the top qualities most people are looking for in a Realtor®? Generally, whether you’re buying a home or selling one, you want a Realtor who is honest, who’s responsive, and who understands the local real estate market. I mean, that’s your baseline, right? You probably also want a Realtor who gets...
Which Should You Do First? Buy a Home or Sell Your Home You want to buy a new home and you need to sell your home. Are you feeling confused about which step comes first? You are not alone. This chicken-and-egg question is one of the first stumbling blocks that move-up, downsizing, and right-sizing buyers have to confront.Especially in this market, it can be tough to simultaneously navigate both...
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