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  • Steven Annth | Explore Twin Cities Listings Blog

    Saturday, April 11, 2015   /   by Steven Annth

    How To Find Cheap Land


    First and foremost you may be wondering, "Why vacant land?" After all, isn't vacant land worth a lot less than houses? While it is true that vacant land is less expensive than houses, that is a blessing when it comes to your start-up capital. It is much cheaper to buy vacant land than it is to buy houses, apartments, or commercial buildings.
    And as any landlord can attest, owning rental property comes with a myriad of headaches, from clogged toilets to evicting deadbeat tenants. Raw land has the advantage of being maintenance free while increasing in value over time. And if you can find cheap land, then there is almost no reason to not get involved with vacant land.
    One thing to keep in mind with land is that like all types of real estate, location is everything. One tenth of an acre in Manhattan could cost millions of dollars, but travel a few counties away from the cities and you can get many acres often for a few thousand dollars. The sweet spot is when y. ...

    Saturday, April 11, 2015   /   by Steven Annth

    How To Be An Effective Realtor

    One point that should be obvious; but is often overlooked, is that the realtor should know about all of the standard documents of the industry. Not only must they be familiar with what each one is, they should possess a deep understanding of that particular document and how it is utilized. If they do not, they could wind up missing an important step in a real estate transaction. Doing that could potentially leave their clients in a legal bind and it can cost quite a lot of money for them to repair any resulting damage.
    You surely know the old saying "patience is a virtue." That is absolutely true in the real estate profession. Therefore an outstanding realtor must exhibit this trait. Of course, they must be patient with their customers - that is a given! However this patience should also extend to everyone else they will deal with in their business on a regular basis. People such as: other agents, financial institutions and experts, lenders, and virtually every kind of professional as ...

    Saturday, April 11, 2015   /   by Steven Annth

    What Is Conveyancing And Why You Need a Conveyancing Solicitor

    When moving to a new home, you should be aware of the proper process required to transfer property from one person to another. In real estate transactions, this process is known as conveyancing and is necessary to complete a property sale. During this process, the title of the property is transferred from one person to another.
    Conveyancing may also involve the process of moving water, electricity, gas or drainage services. In most instances, the process describes an exchange of contracts where both a legal title and equity title are transferred from one person to another. This process is completed to ensure that the buyer obtains a marketable title to the land or property.
    This will allow the person to be able to buy and sell the property without a lien or other factors affecting the sale or re-sale. The legal process of conveyancing ensures that there are no restrictions on the land prior to purchase. Public records are often secured to verify that the title has no restrictions.
    W ...

    Saturday, April 11, 2015   /   by Steven Annth

    How To Determine Price Range And Offer On a Home

    Purchasing a home within one's comfort level at a price that makes the most sense. My intent is not to insult any buyer. I am somewhat conservative in terms of home prices, buyers purchasing power and buyers limit. Allow me to tell you a little history of my experiences. When real estate went to the dogs... I kept going and found a way to help distressed homeowners through short sales of their homes. The most common theme that brought these clients to their knees financially was loss of income either to reduced hours, benefits, complete loss of job, sickness or death. When they purchased their home it was typically based on two salaries. Granted it afforded them the ability to purchase in an area or price range that one salary did not allow for. Unfortunately it set up thousands and thousands and thousands of home buyers for future disasters. Then came the liar loans and refinancing that kept pulling equity out of their home. You know the rest of the story...
    Fast forward to today. I ; ...

    Friday, April 10, 2015   /   by Steven Annth

    Making Your Extra Mortgage Payments Count

    Home owners with a mortgage usually want to reduce their interest cost by paying down the loan balance as fast as possible. This article is about what borrowers can and cannot do on their own, and answers some frequently asked questions about making extra payments.
    Is There Any Benefit In Making Scheduled Payments Before the Due Date? No. On a standard mortgage, interest accrues monthly, and is calculated by multiplying one-twelfth of the annual interest rate times the loan balance at the end of the preceding month. For example,  if the loan balance is $100,000 and the interest rate is 6%, the interest due is.06/12 x 100,000, or $500. The borrower owes $500 regardless of when the payment is made or how many days there are in the month,. If the payment is late by more than the 10 or 15 day "grace period," there is an additional late fee. But there is no rebate for paying early.
    Simple interest mortgages, on which interest accrues daily, are an exception. On these mortgages, . ...