People need to be aware that right now HOUSES ARE SELLING FAST. In fact many of the homes are getting multiple offers and selling ABOVE listing price. The market has definately picked up in Minnesota and as I read many of the blogs from around the USA, the market has picked up in many places.
BUYERS YOU NEED TO KNOW:
1. The best houses that are priced to sell are getting offers right away and selling right away.
2. On those homes that are priced right; they will sell at or above listing price.
3. You want to be be approved through UNDERWRITING before you spend too much time looking at houses. Loan approvals are taking longer and things are changing so fast you want to make sure you can actually buy a home.
4. Other buyers are taking advantage of the low interest rates, low house prices, and first time buyer tax credit. If your hesitant, figure out what is holding you back, and start to move forward in your home search with more confidence.
5. On BANK OWNED homes - The banks normally will not fix things on the house. Its sold AS-IS. If the home needs a lot of repairs it won't work for FHA financing. You either need to apply for a loan that is a REHAB type of loan or look for houses in good shape.
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Chuck Carstensen is a Realtor with The Discovery Team at RE/MAX; helping buyers, sellers, and investors of residential real estate. He is a Dynamic Life Coach; The Discovery Coach- "Helping you discover your talents, desires and purpose." Carstensen is a speaker and co-author in the best selling book series Wake Up...Live the Life You Love: Your Wake Up Moments (NOW available go to http://tinyurl.com/wakeupmoments).
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