Chippewa County, MN Real Estate News

By Jane Peterson
How do homeowners appear in such a terrible situation at present? It’s not a secret FSBO market as the whole real estate market in the US is having a bad time. But when did it start? It all started somewhere in 2004 when the government allowed practically everybody to take mortgages no matter whether they could afford it or not. Consequently, now they have to pay incredibly high monthly payments which are up to 50% higher than the initial payments they used to have at first. Most homeowners can’t afford it anymore. Some of them turn regard on short sales as a possible solution. Selling a house through a short sale is a legal method for avoiding foreclosure and spoiling the credit record. If you have decided to talk to the lender about a short sale, it’s a good idea to look the help of a...
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By William Feela, Realtor, Whispering Pines Realty 651-674-5999 No.
First time home buyers.....if you are looking to pruchase but waiting fo rlower prices....NOW is the time to buy in this area.....quit listening to the news media!!!! They are a bit behind, and if you don't start looking at real time ( which a Real Eatate Agent can provide ) you will find that you missed the boat. Today I made 5 appts for a client and 2 were already SOLD since Monday. 3 of 12 houses I was going to show last week were SOLD. Checking in with the Closing company I found that business has been picking up over the last couple of months. Also, in this area, I am finding that the mort. companies are refinancing their clients to get or keep them current. Because of all of this, I am seeing less properties on the market. There are a lot of different things that can change the ma...
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