Explore Maple Grove, MN

By Our Home Team
(Our Home Real Estate)
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#7 Vendor Coordination   After your offer has been accepted, the property will need a thorough examination. Working with your lender, you may need to have a formal appraisal and a survey done for the property designated in the contract. A property inspection, a foundation inspection, and an envir...

By Our Home Team
(Our Home Real Estate)
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#6 Negotiating to Buy   Once your offer is made there may need to be some negotiating in order to reach an agreement. Keep in mind that almost everything is negotiable when you are buying a house. This can give you a great deal of leverage in the buying process, that is, if you have adequate info...

By Our Home Team
(Our Home Real Estate)
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#5 Making an Offer                                         Now that you have found the home you would like to purchase, it's time to make an offer. Taking into account the recent sales of homes in that neighborhood which are similar in size, quality, conveniences, and amenities, what are you will...

By Our Home Team
(Our Home Real Estate)
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#4 Home Search   There are a few ways to go about doing this. You can access local publications highlighting available real estate in the area, you can contact local Neighborhood Associations, visit the local Chamber of Commerce, look on the Internet, and you can even drive through neighborhoods ...

By Our Home Team
(Our Home Real Estate)
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#3 Neighborhood Information   Now that you have your list of needs and wants and you know how much you can afford to spend, it's time to look at some houses! Well, not just yet. Step back for a moment and consider the larger picture. People don't just buy a house, they buy the neighborhood the ho...

By Our Home Team
(Our Home Real Estate)
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#2 Preapproval vs. Prequalification   Now that you have your list of features you want in your new home, you are ready to start looking! Well, not just yet. You are going to need to know in what price range to look. There are two ways to go about this. You can get prequalified or preapproved for ...

By Our Home Team
(Our Home Real Estate)
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#1 Needs Analysis   Congratulations on your decision to purchase a new home. Your first step toward buying your new home will be to analyze your needs. By analyzing your needs you will be able to get a clear picture of exactly what you want your new home to look like and how it should function fo...

By David Kosmecki
(Sierra Pacific Mortgage)
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The Video that CNBC posted on You Tube explains part of the Subprime problem. How they sold subprime mortgage paper as Grade AAA. Easy to understand explanation. They have been doing the same thing with Alt A (stated income) paper as well. The video shows in a flip chart fashion that everybody c...
If you're still not convinced of the value of a REALTOR®, here are more reasons to use one: Your REALTOR® can help you determine your buying power - that is, your financial reserves plus your borrowing capacity. If you give a REALTOR® some basic information about your available savings, income a...

By Our Home Team
(Our Home Real Estate)
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A real estate agent can help you understand everything you need to know about the home buying process. Not all real estate licensees are the same; only those who are members of the NATIONAL ASSOCIATION OF REALTORS® are properly called REALTORS®. They proudly display the REALTOR " ®" trademark on...

By Our Home Team
(Our Home Real Estate)
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Abusing Your New-Found Wealth Although tapping into your equity provides you with a whole host of positive situations, there are some things to avoid. 1.    As you live in your new home, avoid outlandish remodeling. Sooner or later, whether you're retiring, moving to a new town, or find it diffi...

By Our Home Team
(Our Home Real Estate)
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Using Your Equity If you're not familiar with how using equity works, allow us to explain some of the ways in which you can tap into the value of your home: 1.    Some people chose to "trade down." Trading down is when you move into a less expensive home on or after retirement. For example, if y...

By Our Home Team
(Our Home Real Estate)
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                                         How Owning a Home Affects Your Wealth Owning a home should significantly increase your financial net worth, which is the difference between your assets, including bank accounts, retirement accounts, stocks, bonds and mutual funds, and your liabilities or d...

By Our Home Team
(Our Home Real Estate)
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Finding Homeowner's Insurance Homeowner's insurance is a requirement of owning a home when you take out a mortgage. No mortgage lender will permit you to close the deal unless you can prove that you have adequate coverage. Lenders will also frequently request that you pay the entire first year's...

By Our Home Team
(Our Home Real Estate)
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                                             What You Need to Know About Personal Property Taxes Personal property taxes can be another unexpected cost when buying a new home. If you're still renting, you might not be familiar with how personal property taxes work. Below, you'll find some useful...

By David Kosmecki
(Sierra Pacific Mortgage)
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With summer weather, thefts from vehicles increase in parks, residential neighborhoods, and public parking areas. You have the ability to help prevent this crime from happening. Follow these tips to help avoid becoming a victim: • Lock your doors and roll the windows up tight. • Park in a well l...

By David Kosmecki
(Sierra Pacific Mortgage)
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Home Buyers Want to Know Your Home Inside And Out While home-buyers are as individual as the homes they plan on purchasing, one thing they share is a desire to ensure that the home they will call their own is as good beneath the surface as it appears to be. Will the roof end up leaking? Is the wi...

By David Kosmecki
(Sierra Pacific Mortgage)
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This short video explains the confusing "Truth-in-Lending" disclosure and how the APR is computed. I discuss the flaws in only looking at APR to determine what is really the lowest cost option.

By David Kosmecki
(Sierra Pacific Mortgage)
Comments 0
This short video explains the similarities and the differences of what a fee appraiser produces with what a professional real estate agent produces. It explains some of the constraints the appraiser is under which the real estate professional is free to ignore. The term CMA refers to a Competiti...

By David Kosmecki
(Sierra Pacific Mortgage)
Comments 0
This short video gives you the background on what happens when an appraiser does an appraisal. It gives you an understanding of how the appraiser determines value. At MortgagesUnlimited you always get a copy of the appraisal at closing. If you are using someone else, always insist on getting a c...

Maple Grove, MN Real Estate Professionals