real estate tips: The 5-Minute Guide To Flood Insurance: - 09/10/14 06:31 AM
You've got house insurance, and assume your property is covered for any type of detrimental occurrence that can possibly take place.
However, not all homeowners are aware that home insurance policies don't necessarily cover damage related to a flood, as the risks are too great. As a result, homeowners must purchase flood insurance through a private company.
Floods are one of the most common hazards in the US, costing billions of dollars in damage to properties every year.
What Is Flood Insurance?
Flood insurance policies are typically made available to homeowners in flood-prone areas. The majority of insurance policies cover some … (2 comments)

real estate tips: Dos And Donts Of Buying Distressed Real Estate. - 07/28/14 07:05 AM
Distressed real estate is real estate in need of serious repairs. These properties are often called "handyman specials." If you have the skill or the money to complete the repairs, you can often find great deals. Here are some dos and don'ts of buying distressed real estate.
DO Get A Home Inspection:
Distressed homes need repairs. Some of these repairs, like broken floor tile, are easy to see. Others, like water damage in the attic, can be easily hidden. The only way to know for sure what you're buying is to have the property inspected by a professional home inspector.
DO … (3 comments)

real estate tips: 4 Tips To Lower Homeowners Insurance For Your Home - 06/23/14 03:38 AM
With the prices for everything skyrocketing these days, every penny counts. This includes your homeowner's insurance costs. If you're thinking of buying a home and need homeowner's insurance, here are a few tips on getting quality insurance for a fair price:
Tip #1: Shop Around:
Ask family and friends about their homeowner's insurance. Check the Yellow Pages, the National Association of Insurance Commissioners (NAIC) and the state insurance department. 
Other places to shop for insurance include consumer guides, insurance agents and online insurance quote services. Don't just look for lower prices, however. You need a fair price for the services you … (1 comments)

real estate tips: Knowing Your Credit Score & How It Impacts Your Home Ownership Prospects - 06/23/14 03:03 AM

Understanding your credit score and how it impacts your home ownership prospects your credit score is an important part of your financial profile. It has a direct impact on your ability to take out loans.
The score itself is a numerical reflection of your credit history. It gives lenders a way to discern your reliability before approving a loan like a mortgage for instance.
Though this is the basic function of a credit score, it can also have a far-reaching influence over other aspects of home ownership.
Mortgage Loan Approval: Will Your Score Make the Cut?
First and foremost, the … (0 comments)

real estate tips: Three Mobile Apps That Make Home Automation Tasks Quick And Easy - 05/29/14 03:47 AM
These days, efficiency and productivity are the keys to life, which is why it's no surprise that home automation is a bigger topic than ever before.
As more and more people become tech savvy and get used to working with handheld devices, home automation becomes a natural fit for your smartphone or other handheld device.
After all, it's a true pleasure to be able to control nearly everything in your home from just one device! You have so many things to do each and every day that it would be too much of a hassle to do everything separately and to … (1 comments)

real estate tips: What Will Harp 3.0 Mean For Homeowners After 2014? - 05/13/14 08:00 AM
As economic influences affect the housing market in the United States, there has been the introduction and development of programs to assist with the downturn.
During the 2009 economic crisis in the United States that resulted in home prices and values falling, a program named HARP was introduced to assist the many affected homeowners.
Harp has since developed and a 3.0 version has been introduced. As a result, many homeowners are beginning to wonder: What will Harp 3.0 mean for homeowners after 2014?
The Economic Crisis: Harp 1.0 In 2009:
In 2009, HARP 1.0 was introduced. The program was designed to … (0 comments)

real estate tips: The Magic Number: Does Your Credit Score Need To Be Above 800 To Apply For A Mortgage? - 05/13/14 07:38 AM
Over the course of a lifetime, financial development can lead to some wonderful opportunities. A person's financial development and state of affairs is something that is particularly important when it comes to taking out a bank loan to further progress in life, and the largest loan most people will require is a mortgage for a home purchase.
Since the process of getting approved for a mortgage is heavily dependent on credit history and that three-digit credit score that reflects reliability as a borrower, you should always put forth practices to keep that number healthy and growing.
However, how much importance does … (0 comments)

real estate tips: How Will A Short Sale Affect Your Ability To Buy Another House In The Future? - 05/07/14 09:43 AM
The last few years have been financially difficult for millions of homeowners, with job losses and decline in home values devastating families all over the US. As a result, a great number of homes have gone through short sales, which has had a detrimental effect on consumers' credit ratings.
If you've considered or experienced a short sale, one of the biggest concerns you may have is how it will impact your ability to purchase another property in the future. Here are five key variables on how a short sale can impact your next home purchase.
Duration Of Delinquency Plays A Big … (0 comments)

real estate tips: Important Legal Tips For Homeowners! - 04/02/14 07:56 AM
Being a homeowner is exciting. It can be financially rewarding, too. Unfortunately, it can also put you in a tough legal position. Between the complexities of owning a house, having to deal with lenders and the risk that comes from owning something valuable, keeping yourself legally protected is a good idea.
Here Are Some Risks -- And Some Ways To Handle Them.
HOAs. If you own a condo, townhome or other property in an association, the homeowner association is extremely powerful. Not paying their dues, violating their rules, or doing just about anything else to end up on the wrong side of … (0 comments)

real estate tips: What's Your Home's Real Value? - 01/30/14 08:50 AM
As a society, it seems like we've gotten away from appreciating our homes for their emotional and sentimental worth. Instead, we focus solely on their monetary value. 
An Appraiser Can Estimate A Home's Monetary Value, But To Gain A True Concept Of Your Home's Worth, You Must Also Take Into Consideration:
Pride Of Ownership. You don't buy a pair of Prada shoes because you're going to be able to resell them and make a profit. You buy them because they make you look good and feel good. Security And Stability.  Your home provides a roof over your head that's in your control. … (0 comments)

real estate tips: Improve Your Curb Appeal This Winter - 01/24/14 04:48 AM
After all of the excitement of the holidays, the sparkle of the lights and the over-stimulation of decorations, the rest of winter can seem lackluster. Don't let your home add to the dreariness of the season.
Spruce up your curb appeal with the tips below and inspire your neighbors to create well-groomed street that will make drivers passing through smile.
Tend The Plants:
If you're currently located in a winter wonderland, then dig up any dead plants that won't grow back. Replace them with cold-loving flowers, such as snowberry or lambs ear.
In warmer climates, this is the time for any … (0 comments)

real estate tips: 5 Great Questions To Ask At An Open House For Real Estate - 04/22/13 10:21 AM
An open house gives you a great opportunity to look more closely at Minneapolis real estate you might be interested in buying.
It also affords you the chance to chat with the owner or real estate agent so you can bring up any issues or hesitations you have with the home.
Knowing what to ask can be difficult, so below are examples of questions to ask at the next open house you attend.
Why has the seller decided to sell now?
If you ask why the seller is moving, you could learn valuable information to help determine your offer -- or … (1 comments)

real estate tips: 5 Quick Tips To Get A Better Price On Your Home Purchase - 03/18/13 04:10 AM
When you are looking to buy a home, it is important to keep in mind that no real estate price is set in stone. There is always room for negotiation, and with the right techniques you may end up saving thousands of dollars on your dream house.
However, it can be tricky to get the right reaction when you are negotiating.
Here are a few tips that will help you to haggle your way to the best deal.
Find Out The Seller's Motivation:
If they really need to move and sell the property, it will be easier to convince them to … (0 comments)

 
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David Kosmecki

Osseo, MN

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