Many folks thought the housing market would never again be as crazy as it was in the early 2000’s, but guess what? Here we are again! Housing is selling full boar and many listings are getting multiple offers within days.... or even hours. Buyers are making offers “sight unseen” just to have a chance at getting a home under contract. This frenzy is leading many buyers feeling desperate and...
The gravity of the 2008 crash is impossible to forget. But what we may not remember is that there were economic downturns that resulted in appreciated home values. Of the last five recessions in U.S. history, three of them saw increases. Two of those three saw prices appreciate faster than the historical average. Market conditions are not the same as 2008 which is the biggest indicator that we will...
Many buyers of land will use a loan for their purchase. Unfortunately some of those buyers are in for a shock regarding the down payment because this type of loan is viewed differently than real estate purchases with homes or buildings. For some insight, here are key factors to know about down payments for land loans. 1. How much is the down payment on a land loan? Lenders require 20-50 percent of the...
From time to time we get inquiries regarding selling or buying properties with marketable timber. In an area like Montana, this can contribute additional worthwhile value to a property. In order to promote your property as having marketable timber you will need to know some facts such as the type of timber, is it in demand and how much is on your land. Buyers wanting to invest in this venture will be...
Do you have a property listed for sale (whether it be land, commercial, recreational or residential) that is just sitting on your local Multiple Listing Service (MLS) or out on the world wide web? Well, quite often it is the listing price if you are not getting any inquiries at all. So where do you begin when re-evaluating your property listing? Here are three places to start when addressing your...
Recreational land purchases can not only be a fun property to own (i.e. get-away cabin in the woods for hunting!), but it can also be a wise long-term investment. There are two types of recreational land: personal use and public use. So, when thinking of investing in recreational land here are four reasons to consider: It keeps your money safe. It beautifies your community. It provides...
When you’re getting ready to list your home, it’s of the upmost importance to ensure you are showing it in the best light. Taking time to highlight its strengths and fix up some of its possible weaknesses can make a big difference in how fast it sells. Here are our top five recommended repairs to make: Repaint walls. Giving your home a fresh coat of paint is one of the most cost-effective ways to...
Frequently when purchasing a new home, or if you are a new home buyer, buyers do not pay attention to all the extra fees that are included in the purchasing process. The following is a list of common fees to be aware of: Loan Application – applies to many types of loans and is for the costs to process only the loan approval and is nonrefundable. Many folks shop for lenders since this fee can vary from...
Many folks do not realize that it is even possible to acquire a home loan with little or even no money for a down payment. We are here to tell you, yes you can! You just need to do your homework in finding the right program to assist you or what programs are available in your area. And these various programs are not just for low-income buyers or the first time home buyer. According to a national...
FDIC Proposed Rulemaking: Residential Real Estate limit for Appraisal Requirements The Federal Deposit Insurance Corporation (FDIC) are proposing a new rule to raise the starting point for residential real estate sales requiring an appraisal to be triggered at $400,000. The reason for this is due to the concerns over the costs as well as the time required by appraisers in order to get a residential real...