Real estate blog entries tagged with buying process by Jennifer Kirby, the Luxury Agent (Exit Realty Ventures)

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buying process: Yes Virginia, There Really are Multiple Offers Out There - 07/14/09 05:07 AM

I know many of you won't believe this, but the dirty little secret that the local media isn't reporting is that homes in the lower price range are flying off the racks. Yep...just like a bridal store having a super cheap sale on gowns with women knocking each other out of … (59 comments)

buying process: Pick up the Phone and Call Your Agent Back - 07/04/09 11:07 PM

I can't tell you the number of times that I have called clients, only to have my phone calls either returned two days later, or sometimes never. I hear plenty of excuses, the most common being "I am too busy". But nothing irks me more than contacting a client regarding an … (1 comments)

buying process: First Time Home Buyers Tax Credit Revisions Finally Revealed - 02/15/09 01:40 PM

I dove into the Stimulus Plan on the House Appropriations website to try and find out what kind of agreement the Senate and House of Representatives came to regarding the First Time Home Buyers Tax Credit. Not the most fun reading, but extremely important to know about for any serious real estate … (6 comments)

buying process: Note to Buyers - Get on the Same Page Before Buying a Home - 01/05/09 09:49 AM

When shopping for a new home, especially if you are a new home buyer, it is important for you think about what you want before you buy. One thing I have my clients do before we go house hunting is to sit down and make a list of the things they … (3 comments)

buying process: Is it Unprofessional to Pull Your Hair Out in Front of a Client? My Aggravation with a Short Sale - 12/10/08 08:37 PM

Let me tell you, working with a bank on a short sale sucks.There, I said it.
Whew, I feel better...but I am sure it won't last long.
For the past three weeks, I have been trying to keep a deal together with a client of mine. We finally had an offer … (1 comments)

buying process: Minneapolis Approves Program to Stimulate Buying in the City - 04/25/08 09:34 AM

The Minneapolis Advantage Loan Program - Available to Everyone, Even Luxury Homes
The Minneapolis city council has recently approved a new loan program for buyers who purchase a single-family dwelling, or duplex, in Minneapolis neighborhoods that have experienced higher than normal levels of mortgage foreclosures. The program offers a $10,000 zero percent … (0 comments)

buying process: In Minnesota, Going Barefoot is the Only Way to See a Home - 04/25/08 09:19 AM

One thing that surprises buyers that come to the Twin Cities to look at homes is the house etiquette they must abide by. The number one rule is that upon entry, buyers and agents must remove their shoes before they venture further into the home.I have had many question the reason, … (0 comments)

buying process: Pushy Appraisals Could Be History! - 03/13/08 11:20 AM

I have been in the real estate business long enough to see some iffy appraisals come across my desk for my clients. No more was this so then during the housing boom. Appraisers seemed pressured to "make it happen". And needless to say, some home owners and real estate agents, not … (1 comments)

buying process: Don't Bother Me With Your Low-Ball Offer! - 03/04/08 03:32 PM

So, you are looking into buying a high-end home, most likely priced above $1 Million. You ask your buyer's agent to pull some recent sold data and find homes which to compare against the listing you love. You think this is going to be an easy process - just pull solds … (11 comments)

buying process: Selling Your Home in Winter Doesn't Have to Be Impossible - 12/12/07 09:03 AM

Winter in the Twin Cities causes real estate activity to slow down. Compared to July, it really slows down. But it doesn't have to be your worse enemy.
If you look at the graph below for the past three winters, 2005-2007, you can see that there is a huge dip around December.
red … (2 comments)

buying process: No Matter How Good You Are, You Can't Win Them All! - 12/07/07 10:09 AM

Every Christmas I sit down and write personal Christmas cards to all my past clients and those in my Sphere of Influence. Sometimes I even get Christmas cards from my clients, those being the ones that truly love me. Sitting down last night, I poured over the list of people and … (15 comments)

buying process: Do You Know Where Your House Has Been? - 11/15/07 11:17 PM

The media has been creating a lot of scared parents as of late with the various recalls on toys made in China. Seems the Q & A divisions of these companies in China have been dropping the ball and contaminating the toys with lead paint. But toys, in general, could be … (3 comments)

buying process: Look Out Now...New FHA Rules to Keep Sellers in Check - 11/01/07 11:28 PM

The US Department of Housing and and Urban Development (we all know them as HUD) has passed down a new law concerning downpayment assistance for FHA loans. Effect 10/31/2007, sellers can no longer be looked to for help.In the past, buyers have been able to receive money from a seller as … (8 comments)

buying process: You Don't Need an Agent to View This Home - 10/20/07 03:57 PM

If you ever read or have some one tell you "You don't need an agent to view this home", your best course of action should be to run directly TO your agent.Today, I received a card on our door by a local lender who was advertising an open house for a … (7 comments)

buying process: A Little Birdie Told Me Some Things About RESPA - 09/23/07 09:06 PM

Many people in Minnesota have never heard or RESPA, especially when they are completing a real estate transaction, but it is very important to know what your rights are under it. It is a federal law so states, and cities, like Minneapolis, are not exempt from its rules.The Real Estate Settlement … (6 comments)

buying process: What to do Before you Buy a Luxury Home, Part 3 - 06/26/07 03:48 PM

Here are even more things to consider before you buy a Luxury Home in Minneapolis!
Most Luxury Owners do not Absolutely have to Sell - some might just be "fishing" and seeing who bites. Remember this when you make an offer for lower than list price and the seller rejects it. No … (0 comments)

buying process: Twin Cities Airport Zoning Disclosures - 06/23/07 11:41 PM

Effective 8/1/2006 a seller of real property in Minnesota, before signing an agreement to sell or transfer real property that is located in an airport safety zone A, B,or C, will be required to disclose in writing to the buyer the existence of airport zoning regulations that affect the property. However … (0 comments)

buying process: What to do Before you Buy a Luxury Home, Part 2 - 06/21/07 05:51 PM

More ideas on what to do before your next home purchase:
Look beyond your Target Price - You might be looking for a home in the $5 million range, but if you are looking in an area other than where you currently live, you need to find an experienced luxury agent to … (2 comments)

buying process: What to do Before you Buy a Luxury Home, Part 1 - 06/04/07 01:47 PM

Here are some good suggestions on what to do before you purchase a home.
Look for Lenders that cater to the affluent - A buyer looking as a $4 Million home doesn't go to Lending Tree for a loan. You need a mortgage company with a history of upper bracket real estate. … (2 comments)

buying process: Is This Your Money Pit? Part 2 - 05/14/07 11:35 PM

It could be if you purchase a historic home without doing your homework first. This post is a follow on to my first post Is this Your Money Pit, which featured the exterior problems to look for in your Minneapolis historic home purchase.Remember Tom Hanks in the "Money Pit" and all … (0 comments)

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