Richfield Home Buyers: Benefits of Owning a Home... by Twin Cities Homes for Sale - 04/11/11 05:04 PM
Richfield Home Buyers: Benefits of Owning a Home... by Twin Cities Homes for Sale
 
Benefits Owning a Home
1. Tax breaks. The U.S. Tax Code lets you deduct the interest you pay on your mortgage, your property taxes, as well as some of the costs involved in buying your home. 2. Appreciation. Real estate has long-term, stable growth in value. While year-to-year fluctuations are normal, median existing-home sale prices have increased on average 6.5 percent each year from 1972 through 2005, and increased 88.5 percent over the last 10 years, according to the National Association of Realtors®.  One could argue, … (5 comments)

Richfield Home Buyers: 10 Important Steps on Your Way to Owning a Home... by Twin Cities Homes for Sale - 04/07/11 09:45 PM
 
Richfield Home Buyers: 10 Important Steps on Your Way to Owning a Home... by Twin Cities Homes for Sale
 
1.      Determine what you can afford. Generally, you can afford a home equal in value to between two and three times your gross annual income. Make sure your total monthly payment comfortably fits into your budget.
 
2.      Start saving. Do you have enough money saved to qualify for a mortgage and cover your down payment?  Ideally, you should have 10-20 percent of the purchase price saved as a down payment. However, you can buy a home with as little … (4 comments)

Richfield First-Time Home Buyers: Avoid 5 Common Mistakes Others Make... by Twin Cities Homes for Sale - 04/06/11 11:38 AM
 
 Richfield First-Time Home Buyers: Avoid 5 Common  Mistakes Others Make... by Twin Cities Homes for Sale
They don’t ask enough questions of their lender and end up missing out on the best deal. Working with an experienced lender is extremely important.  Knowing what your options are before you find a property helps you structure the contract according to what’s best for you.
 
They don’t act quickly enough to make a decision and someone else buys the house.  Many buyers take time looking at many properties online and in person. They frequently fear that they will miss out … (4 comments)

Wordless Wednesday: West Richfield MN Neighborhood on April Morning ... by Twin Cities Homes for Sale - 04/06/11 08:56 AM
Wordless Wednesday: West Richfield Neighborhood on April Morning  ... by Twin Cities Homes for Sale
 

 

 

 
 
 
 
Contact Marzena M. Melby, GRI, CDPE, Keller Williams Integrity Realty. Licensed REALTOR® in the state of Minnesota
 Visit my website to search homes for sale in the Twin Cities and surrounding areas.
Disclaimer: The information provided herein is supplied by several sources and is subject to change without notice. Twin Cities Homes 4 Sale Blog does not guarantee, or is any way responsible for its accuracy, and provides said information without warranties of any kind, either … (5 comments)

Wordless Wednesday: Richfield MN Parks on April Morning ... by Twin Cities Homes for Sale - 04/06/11 08:35 AM
Wordless Wednesday: Richfield Parks on April Morning  ... by Twin Cities Homes for Sale
 

 

 

 
 
Contact Marzena M. Melby, GRI, CDPE, Keller Williams Integrity Realty. Licensed REALTOR® in the state of Minnesota
 Visit my website to search homes for sale in the Twin Cities and surrounding areas.
Disclaimer: The information provided herein is supplied by several sources and is subject to change without notice. Twin Cities Homes 4 Sale Blog does not guarantee, or is any way responsible for its accuracy, and provides said information without warranties of any kind, either express or implied. … (4 comments)

Minnesota Home Buyers: FHA Costs Going Up... by Twin Cities Homes for Sale - 04/05/11 09:27 AM
 Minnesota Home Buyers: FHA Costs Going Up... by Twin Cities Homes for Sale

Annual MIP (Mortgage Insurance Premium) on new FHA home mortgages are going up as of April 18, 2011.  The 2.5% increase will affect your monthly payment.
If you are in the market right now, you should work hard in the next couple of weeks to secure a property. 
Some buyers may be prioced out of the market - check with your lender how this change will affect you.
 
To find a perfect home for you, CALL ME TODAY! 
612-267-6798
 
Contact Marzena M. Melby, GRI, CDPE, Keller Williams … (4 comments)

Richfield MN Home Buyers: FHA Costs Going Up... by Twin Cities Homes for Sale - 04/05/11 08:25 AM
  Richfield MN Home Buyers: FHA Costs Going Up... by Twin Cities Homes for Sale
On February 14 2011, HUD announced an increase in the annual mortgage insurance premium for all 15- and 30-year single family home mortgages.  This premium is charged monthly and added to the monthly loan payments.  A 2.5% will cause an average payment to go up by about $30, as HUD states.  Here is an example:

 
This change will reduce your buying power.
If you are shopping for a Richfield MN home and plan on taking out an FHA mortgage, you need to hurry to keep your monthly payment … (0 comments)

Bloomington Home For Sale: 8924 11th Ave S Bloomington MN 55420... by Twin Cities Homes for Sale - 04/02/11 12:09 PM
Bloomington Home For Sale: 8924 11th Ave S Bloomington MN 55420... by Twin Cities Homes for Sale
 
 
 
Move-In Ready Bloomington Home Near Park  
 
Contact Marzena M. Melby, GRI, CDPE, Keller Williams Integrity Realty. Licensed REALTOR® in the state of Minnesota
 Visit my website to search homes for sale in the Twin Cities and surrounding areas.
Disclaimer: The information provided herein is supplied by several sources and is subject to change without notice. Twin Cities Homes 4 Sale Blog does not guarantee, or is any way responsible for its accuracy, and provides said information without warranties of … (5 comments)

Richfield Home For Sale: 6821 14th Ave S Richfield MN 55423... by Twin Cities Homes for Sale - 04/02/11 12:07 PM
Richfield Home For Sale: 6821 14th Ave S Richfield MN 55423... by Twin Cities Homes for Sale
 
 
Complete Remodel  
 
Contact Marzena M. Melby, GRI, CDPE, Keller Williams Integrity Realty. Licensed REALTOR® in the state of Minnesota
 Visit my website to search homes for sale in the Twin Cities and surrounding areas.
Disclaimer: The information provided herein is supplied by several sources and is subject to change without notice. Twin Cities Homes 4 Sale Blog does not guarantee, or is any way responsible for its accuracy, and provides said information without warranties of any kind, either express or … (3 comments)