homes for sale in rapid city: COST OF MEDIAN-PRICED RAPID CITY HOME UP $30,000 IN 30 DAYS - 12/04/10 11:34 PM
Just a few weeks ago the 30-year fixed interest rates were being quoted at about 3.75%. Today we’re seeing 4.5%. That means it will cost you about $30,000 more today than last month to pay off the loan for Rapid City’s median-priced homes.
We’re also hearing that mortgage rates are expected to continue a general upward trend from here.
 

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homes for sale in rapid city: WOW! A 5 Bedroom 3 Bath Home at only $83 a Square Foot! Home For Sale in Rapid City - 10/25/10 01:38 PM
Search over 3,400 Listings in the Black Hills! CLICK HERE! Search over 3,400 Listings in the Black Hills! CLICK HERE! … (0 comments)

homes for sale in rapid city: RAPID CITY MEDIAN HOUSE COST DOWN $50,000 - 07/16/10 06:47 PM

RAPID CITY MEDIAN HOUSE COST DOWN $50,000  News reports focus on home prices.  That’s the money the seller walks away with.  But the cost to the buyer is the total of payments over 30 or 15 years.  And for most of us, the acid test is how the monthly “payment” fits our budget.   Interest rates are the lowest in 36 years.  The mortgage-makers are having a price war.  The market is shouting Buy now!  Buy now!  Buy now! Consider a typical Rapid City area median priced home, say $180,000 to $200,000.  With interest rates down to 4.8% from 5.8% not … (0 comments)

homes for sale in rapid city: 25 Important Issues Excluded From Home Inspections - 05/12/10 12:15 AM

25 Important Issues Excluded From Home Inspections  Hiring a pre-purchase home inspection is nearly standard practice for home buyers.  However, the scope and depth of what is included or excluded from the inspection is far from standard.  No government agency or law regulates what your home inspector will ignore.  And these 25 exclusions could potentially overlook serious health, safety or value issues for your family. No home inspection can include all issues.  Some possible issues would take so long to examine, (for example, a 90-day radon test, or an air conditioning test preceding a January sale), that it would discourage … (3 comments)

homes for sale in rapid city: THREE TOP PROBLEMS GETTING AN APPRAISAL FOR GREEN BUILDING - 04/20/10 05:12 PM
 
THE THREE TOP PROBLEMS GETTING AN APPRAISAL FOR GREEN BUILDING Green-building pays off when annual utility cost savings offset the somewhat higher initial cost.  However, getting an appraiser to help you secure a home loan for Rapid City real estate that includes green-building features, may be difficult for three reasons: 1. Lack of education by appraisers about how to estimate future utility cost savings 2. Lack of verifiable data for appraisers to consider in "comparables" 3. Lack of sophistication of MLS' and local realty boards to know how (or want to) value green building. According to Kevin Morrow, senior program manager … (0 comments)

homes for sale in rapid city: 10 Problems to Avoid When Buying a Foreclosure - Lee Alley, Rapid City Real Estate - 04/07/10 05:00 PM

10 Problems to Avoid When Buying a Foreclosure Rapid City and the Black Hills are blessed with a relatively very small proportion of foreclosure properties.  But when you find one, it is important to know what you are buying and the risks of problems developing.  This video by RIS Media explains several pitfalls when buying foreclosures: For example: It is not the damage, but the source of the damage An unheated, unwinterized house is more risky Peeling or bubbling pain or a musty odor are a sign of possible mold.  (Not all mold is bad!) Look for fungus Blocked drains … (3 comments)

homes for sale in rapid city: WOMEN’S HISTORY MONTH:  WHITE HOUSE COUNCIL ON WOMEN AND GIRLS TO HOST WOMEN IN FINANCES SYMPOSIUM - 04/05/10 03:39 PM

WOMEN’S HISTORY MONTH:  WHITE HOUSE COUNCIL ON WOMEN AND GIRLS TO HOST WOMEN IN FINANCES SYMPOSIUM This is a great idea.  Given the mess in our nation’s mortgage markets, we could sure use some more high caliber leadership in financial policy.  From my own experiences, women have provided some of the most proficient and professional real estate financing services.  Among the many senior finance officers I have worked closely with, many of the best were the women.  My own daughter is a business consultant in a related area.  Often these days, couples are relying on the woman’s higher credit rating … (0 comments)

 
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Lee Alley

Rapid City Area Communities

Rapid City, SD

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Senior Friendly Living, LLC

Address: 550 N. 5th Street, Rapid City, SD, 57701

Office Phone: (605) 863-0806

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ABOUT THIS SITE
 The purpose of this blog is to help people who are considering moving into one of the six Black Hills communities close to Rapid City, South Dakota.

We also want to help current residents sell your home quickly and move possessions stress-free. We especially enjoy helping older adults and your elderly parents live safely, healthy and happy in a senior-friendly home (whatever that may be).

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