Aug
06

Who to Trust?


Going to court? Bring a lawyer. Need surgery? Find the best doctor. When it comes time to navigate life’s big obstacles, you’ll need someone on your side you can trust. But how can you know they’re really on your side? Will they follow through with everything they’ve promised while meeting and exceeding your expectations?
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It’s 2018 and gone are the days of sticking a “For Sale by Owner” (FSBO) sign in the yard hoping someone will call your landline to offer the correct amount for your home. There are many tools available to sellers for listing independently but also many pitfalls in doing this at all stages of selling your home:

Pre-List

Before you even list your home, it is important to answer questions such as:

  • How will I list and market my home?
  • What is the value of my home?
  • What are the past and upcoming trends in my neighborhood?
  • What disclosure obligations and liabilities are associated with selling a home?

Licensed agents have a multitude of resources at their disposal to help you price your home appropriately. Additionally, they have the ability to cast a wide net in terms of marketing your home and getting it in front of more eyes. While you may be able to get your home on sites like Zillow, most individuals don’t have the extended professional network that real estate agents do. This network, including most importantly the MLS, increases exposure for your home and helps you sell faster and for the most money. Continue reading ..

We are going to make a bold prediction (though with Minnesota, it could be more of a gamble). The snow is behind us! And while spring formally started on March 20th, it seems to have finally sprung.

Timing, Inventory, and Rates

Like trees beginning to bud in our yard, home buyers are scheduling time with their realtors to tour homes and neighborhoods. As we have discussed before, the inventory for homes is declining. Now is the perfect time to list your home if you are looking to sell. Due to the recent trend of rising interest rates for buyers, time could be of the essence as borrowing power decreases. Continue reading ..

It’s that time of year again.

Everyone is pulling together all of the information needed to (hopefully) maximize their tax return. Adding an investment in rental real estate can help with that maximization when Uncle Sam comes knocking. In addition to the cash flow and historic trends of property value appreciation, there are many other tax benefits and deductions that often come with rental ownership. Here is a high-level overview of some of the most common topics. Continue reading ..

 

Data Derivatives…

On its surface, the idea of data analysis is fairly dull. Pouring over lines of numbers and percentages in an Excel spreadsheet doesn’t send too many people’s hearts aflutter. That said, the value of data and what can be derived from it is only becoming more valuable. Predictive analytics from big data analysis is driving not only how companies do business and the government functions, but also how people research, analyze, and decide to buy different products and services.

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Patriot Realty salutes our heroes of past and present – the Veterans! Best wishes for Veterans Day!

Finding the right lender is as important as finding the right home

Looking for your next home can be an exciting process, but finding the money to afford that new home may not be so exciting. Very few people have enough money on hand to buy a house with “cash,” so you will likely need to finance the purchase with a home loan. It’s highly recommended that even before you start your home search, you should find the right lender that can work with you to become “pre-approved” for a loan to buy your ideal home. With quality home inventory under $600,000 being very low and selling really quickly because of the high buyer demand, having your finances in order before you set out on your house hunt will give you an edge over other buyers.

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