homebuyer tips: 5 Tips To Protect Yourself When Buying Newly Constructed Real Estate - 06/17/14 07:47 AM
Buying newly constructed real estate isn't much different from buying an "already used" home. What variances there are, however, can make all the difference between buying a diamond or a lemon. 
Here are a few tips to keep in mind when buying new construction:
Tip #1: Don't Use The Builder's Sales Agent - Hire Your Own:
If they're the builder's agent, they're being paid to represent the builder, no matter what they tell you.  Your own real estate agent, who is representing you, is required to tell you the negatives as well as the positives.  The builder's agent doesn't have to … (0 comments)

homebuyer tips: Don't Make These Common Mortgage Mistakes. - 05/16/14 04:46 AM
Are you applying for a mortgage on your home? Keep in mind that a mortgage is a major financial decision and choosing one will have a significant impact on the rest of your life.
Many people go into this decision without understanding all of the essential mortgage information they need to know, which means that they are likely to make poor choices that will result in paying much more than they need to.
If you want to save yourself from throwing away your hard earned money, here are a few common mistakes to avoid:
Trying To Bottom Out the Market:

homebuyer tips: What's in a Color? Six Paint Colors That Will Affect Your Mood - 05/07/14 09:25 AM
Believe it or not, paint colors can affect your mood. When remodeling your home, the color you use on the walls can end up being just as critical to the thematic consistency of your home as the furniture you use to decorate it.
Before you slap any old color on the walls, take some time to consider what mood you'd like each room to inspire.
Red, Yellow And Orange: The Colors Of Excitement, Hunger And Happiness:
Ever wonder why the dining rooms, kitchens and entertainment rooms you see in magazines always seem come in every shade of red? It's because these … (1 comments)

homebuyer tips: How You Can Get The Full Selling Price You Want For Your Home - 04/17/14 05:39 AM
When it comes to selling your home and getting the full selling price you want, there are certain tactics and methods you can employ to ensure that this wish becomes a reality.
Avoiding the commonly made mistakes that end up lowering the value of your home and discouraging people from viewing it is ultimately the key in getting top dollar, as well carrying out the showings and sale of your home in a professional manner.
Listen to the professionals, and make sure you employ these real estate sale methods to get your desired number on your home sale.
Listing Tactic: Adding … (0 comments)

homebuyer tips: The Ultimate Guide To Winning At Auction! Don't Let Your Dream Home Slip Away - 04/17/14 05:27 AM
While the traditional method of trawling for sale listings, making bids, and negotiating with the seller has been a popular rite of passage for many home buyers, buying a house at auction is swiftly becoming a favored way to purchase property.
Buying a home through auction can be tricky, so it's best to do your research and keep your cool on auction day, lest you find yourself stuck with a less-than-ideal place to live for a price you didn't expect to pay. If you're in the market to buy through auction for the first time, here are some things you need … (0 comments)

homebuyer tips: BUSTED: 4 Myths About Buying Your Home That Just Aren't True! - 03/28/14 03:37 AM
It can be pretty intimidating to dip your toes into the realm of home ownership, especially if you're a first-time homebuyer. To make things worse, there are a number of myths floating around out there surrounding the home buying process.
Such misconceptions have many kept many would-be homeowners from realizing the personal and financial rewards of owning a property. To clear things up, here are 4 myths about buying your first home that simply aren't true.
Myth #1 - "It's Cheaper To Rent Instead Of Own":
If you buy a property that is within your budget and your mortgage terms allow you … (0 comments)

homebuyer tips: Financial Preparations You Should Make Before Applying For A Mortgage? - 03/19/14 04:51 AM
Getting a mortgage isn't an easy thing to do. Before a lender will put down tens of hundreds of thousands of dollars, it wants to know that the borrower can handle the loan so that it will get paid back. to this end, there are three things that a potential homebuyer can do to prepare for the mortgage approval process.
Managing Debts:
For many homebuyers, managing their credit score is the biggest challenge. Mortgage lenders like buyers with strong credit. While getting strong credit usually isn't something that can be done overnight, paying bills on time, all of the time can … (0 comments)

homebuyer tips: What Are The Requirements To Sell A Home Using An FHA Loan? - 02/24/14 06:55 AM
Before an owner can market a property to buyers that want to use a FHA loan, he will want to familiarize himself with the FHA's standards. FHA won't insure loans on just any property.
While their standards aren't as stringent as they used to be, a home needs to be in relatively good condition to qualify for FHA financing.
Location And Lot:
To qualify for FHA financing, the property has to be located on a road or easement that lets the owner freely enter and exit.
The access also has to be paved with a surface that will work all year … (0 comments)

homebuyer tips: What Is A Mortgage Pre-Approval? - 02/24/14 06:48 AM
When you are purchasing a home, your broker may recommend you obtain a mortgage pre-approval before you find the home of your dreams.
There are some benefits to being pre-approved before you find a home, but oftentimes, people confuse pre-qualifications with pre-approvals.
So the question many buyers have is what exactly is a mortgage pre-approval?
In a nutshell, it's when the lender provides you (the buyer) with a letter stating that your mortgage will be granted up to a specific dollar amount.
What Do I Need For Pre-Approval?
In order to obtain a pre-approval for your home purchase, you will have … (1 comments)

homebuyer tips: What To Consider When Buying A Fixer-Upper. - 02/19/14 05:20 AM
In your imagination it seems like a great idea – you purchase an older run-down property and you have the chance to fix it up and turn it into the home of your dreams.
To Renovate, Or Not To Renovate:
However, the renovation project that is simply a quick montage in your imagination will actually take several months or years and thousands of dollars in real life.
The concept of renovating a "fixer-upper" property is exciting, but the reality is a lot of work and investment. How can you make sure that you are making the right choice for you?
One … (6 comments)

homebuyer tips: How A Mortgage Pre-Approval Can Help You! - 02/19/14 05:00 AM
Often-times, when you are searching for a new home, it may seem obtaining a pre-approval for your mortgage loan is a waste of time and energy. However, there are some significant benefits to a pre-approval which should not be overlooked.
In many cases, buyers can use a pre-approval for leverage when negotiating with sellers and may wind up buying a home for far less than what the listed price is.
Knowing Your Limitations:
One significant benefit of a mortgage pre-approval is knowing exactly how much money you will be able to borrow. This means you will be looking at homes you … (0 comments)

homebuyer tips: Can I Get Cash Out From My Home Right After I've Purchased It? - 02/06/14 03:42 AM
Generally when you are purchasing a home, you are buying below the appraised value and you are making a down payment. The good news is this means you have "instant equity" in your home.
For some homeowners, this means may be considering taking cash-out from your home equity in order to pay off credit card bills, purchase a car or pay for college for one of your children. However, it is important understand, this may not be as simple as it sounds.
Cash Out Refinance, Equity Loan Or Second Mortgage:
There are three basic ways to access the equity in your … (1 comments)

homebuyer tips: Overpay On Your Mortgage Or Add To Your Savings, This Is The Question? - 02/05/14 08:13 AM
So you find yourself with a little bit of extra money – perhaps due to a raise, an inheritance or an unexpected windfall?
Should you put all of your money toward paying down the mortgage on your home? Or would you be better off placing your extra cash into a savings account?
Deciding whether to pay down your mortgage or add to your savings is a complex choice and it depends on a number of factors in your personal financial situation.
Here are some of the things that you will need to consider when making the decision:
How Much Are Your … (0 comments)

homebuyer tips: Factors To Consider When Applying For A Home Mortgage - 11/12/13 04:50 AM
Owning a home can be a sign of independence and success. It allows you to build up equity and the mortgage interest and property taxes are tax-deductible. What can you do to make a home affordable for you?
Reputable lenders look at a list of criteria to decide how much they'll loan you. 
This List Includes:
Credit score Existing assets including cash Car leases or loans Credit card balances Debt consolidation loans Home equity loans Installment loans Student loans Other monthly debts Size/source of your down payment If you'd like to get an idea of what you can afford before talking … (1 comments)

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David Kosmecki

Osseo, MN

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Bay Equity

Address: 20965 South Diamond Lake Rd, Rogers, MN, 55374

Office: (763) 519-1100

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