Explore Maple Grove, MN

By Richard McDeid
(Our Home Real Estate)
Comments 0
Mistake #1. Using a real estate agent instead of a Realtor When you're looking for help buying or selling property, it'simportant to remember that the terms "real estate agent" and "Realtor"are not synonymous. Realtors can provide an extra level of service andto be a Realtor you must be a member ...

By Richard McDeid
(Our Home Real Estate)
Comments 0
Stop Calling Ads! A word of caution - agents create ads solely to make the phone ring!Many of the homes have some drawback that's not mentioned in the ad,such as traffic noise, power lines, or litigation in the community.What's not mentioned in the ad is usually more important than what is.For th...

By Richard McDeid
(Our Home Real Estate)
Comments 0
Don't Be Pushed Into Any House Your agent should show you everything available that meets yourrequirements. Don't make a decision on a house until you feel thatyou've seen enough to pick the best one. Go to the Multiple Listingcomputer with your agent to make sure that you are getting a COMPLETEl...

By Richard McDeid
(Our Home Real Estate)
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Play the Game of Nines Before house hunting, make a list of nine things you want in the newplace. Then make a list of the nine things you don't want. I call this"NINE OF THIS AND NONE OF THAT". You can use this list as a scorecardto rate each property that you see. The one with the biggest scorew...

By Richard McDeid
(Our Home Real Estate)
Comments 0
Sell First, Then Buy If you have a house to sell, sell it before selecting a house to buy!I haven't seen a contingent sale work in the last 3 years, unless it'swith a new home builder who has other houses to sell and can afford toput one on a contingency. Let's pretend that we go out looking fort...

By Richard McDeid
(Our Home Real Estate)
Comments 0
Get "Pre-Qualified! Do you want to get the best house you can for the least amount ofmoney? Then make sure you are in the strongest negotiating positionpossible. Price is only one bargaining chip in the negotiations, andnot necessarily the most important one. Often other terms, such as thestrengt...

By Scott Baumgartner, Guide for all Your Real Estate Needs
(Edina Realty)
Comments 1
Attention Buyers: Now that you are in the mood of buying for others, why not buy for yourself?  The interest rates are low, inventory is still at highs, and as long as you have a good job and good credit, getting a loan will be no problem.  Start by setting up a search on my website at www.myhome...

By Our Home Team
(Our Home Real Estate)
Comments 0
How Much Can You Afford? Understanding how much you can afford is one of the most important rules of home buying. Depending on your individual situation, your budget can affect everything from the neighborhoods where you look, to the size of the house, and even what type of financing you choose. ...

By Our Home Team
(Our Home Real Estate)
Comments 0
All About Adjustable-Rate Mortgages Adjustable-rate mortgages (ARMs) differ from fixed-rate mortgages in that the interest rate and monthly payment can change over the life of the loan. ARMs also generally have lower introductory interest rates vs. fixed-rate mortgages. Before deciding on an ARM,...

By Our Home Team
(Our Home Real Estate)
Comments 0
How Mortgage Loans Work Excluding property taxes and insurance, a traditional fixed-rate mortgage payment consist of two parts: (1) interest on the loan and (2) payment towards the principal, or unpaid balance of the loan. Many people are surprised to learn, however, that the amount you pay towar...

By Our Home Team
(Our Home Real Estate)
Comments 0
Leveraging Your Money One of the greatest financial aspects of buying a home is the ability to leverage your money. Simply put, leverage allows you to use a small down payment and financing to purchase a larger investment. For example, if you bought a $125,000 home with 10 percent down, you lever...

By Our Home Team
(Our Home Real Estate)
Comments 0
Saving for the Down Payment Saving funds for a down payment should be part of an overall program to get your finances in order prior to shopping for a home. This includes rounding up financial records, examining your spending habits, and setting a budget you can live with. Remember, too, that the...

By Our Home Team
(Our Home Real Estate)
Comments 0
15-Year, 30-Year, or a Biweekly Mortgage? In the past, the 30-year, fixed-rate mortgage was the standard choice for most homebuyers. Today, however, lenders offer a wide array of loan types in varying lengths--including 15, 20, 30 and even 40-year mortgages. Deciding what length is best for you s...

By Our Home Team
(Our Home Real Estate)
Comments 0
Closing Costs The bundle of fees associated with the buying or selling of a home are called closing costs. Certain fees are automatically assigned to either the buyer or the seller; other costs are either negotiable or dictated by local custom. Buyer closing costsWhen a buyer applies for a loan, ...

By Our Home Team
(Our Home Real Estate)
Comments 0
Refinancing Refinancing your home can be an excellent way to bring down your monthly mortgage payment, raise cash, or consolidate debts with high interest rates. However, you need to do your homework before deciding to refinance. One important factor is the difference between current interest rat...

By Our Home Team
(Our Home Real Estate)
Comments 0
Understanding Different Types of Loans Today's homebuyer has more financing options than have ever been available before. From traditional mortgages to adjustable-rate and hybrid loans, there are financing packages designed to meet the needs of virtually anyone. While the different choices may se...

By Tim Ross
(Re/Max Associates Plus)
Comments 0
The Minneapolis Area Association of Realtors market update for November demonstrates, once again, the relative strength of Maple Grove real estate.  The report provides monthly data regarding new listings, closed sales average sale price, percentage of list price received at sale, and average day...

By Richard McDeid
(Our Home Real Estate)
Comments 0
Your Credit History As part of the loan application process, virtually all lenders will want to see a copy of your credit report. The report will list all your long-term debts (credit cards, mortgage payments, automobile and student loans, etc), as well as your payment history. If you don't have ...

By Richard McDeid
(Our Home Real Estate)
Comments 0
Getting Your Finances in Order A crucial step in starting your search for a new home is having a clear idea of your financial situation. By getting a handle on your income, expenses and debts, you'll have a much better idea of what you can afford and how much you'll need to borrow. For lenders to...

By Richard McDeid
(Our Home Real Estate)
Comments 0
How Much Can You Afford? Understanding how much you can afford is one of the most important rules of home buying. Depending on your individual situation, your budget can affect everything from the neighborhoods where you look, to the size of the house, and even what type of financing you choose. ...

Maple Grove, MN Real Estate Professionals