By now most of you have heard that the first time buyer tax credit has been extended to April 30, 2010. In addition, there is now a tax credit for current homeowners who have used their home as a principal residence consecutively for 5 of the previous 8 years. This credit also runs to April [...]
This morning I got a frantic call from a new home buyer ( we closed yesterday.) They said that the plumbing wasn't working right in the house they had just bought. I asked what they meant by not working right, and they explained the problems they were having. The home that they purchased in Hutchinson, [...]
Renters aren't immune to too-good-to-be-true pitches. One popular scheme these days involves the perpetrators lifting a real estate agent's online photos and information for an attractive residence that's currently for sale -- and then placing an ad on a free online classified-ads site that purports to offer the house for rent at below-market rates. The [...]
In Hutchinson, MN it seems in the last while that the process of short sales is getting shorter. Thank heavens. We have had buyers of homes for sale who have waited up to four months only to find out that the lender who holds the mortgage is not willing to accept the offer that they [...]
Our Minneapolis Area Association of Realtors just announced the recent market activity numbers. There were 1,026 signed purchase agreements for the week ending August 15. That's the most since 2005. There were 25,765 active listings for sale, which was the lowest since 2005. There were the fewest number of new listings for that week since [...]
