If you need assistance, please call 763-229-0875

  • Explore Twin Cities Listings Blog

    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 ...

    Read More

    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 ; ...

    Read More

    Friday, April 10, 2015   /   by Steven Annth

    Is a Condominium a Good Financial Choice?

    You have discovered that your current house is much too large for you. You are strongly considering downsizing to a condominium. But is this a good investment idea for yourself? Are there any unusual fees associated with buying a condo that you ought to know about? We will attempt to answer those questions (and more) in this article.
    Whether or not a condo is a good investment for you depends on a few factors. One is the price of the unit in comparison to other similar properties in the same area. Another is the current real estate market; in particular as it relates to condo sales. If you buy a condo when the real estate market for condos is booming, you will pay a much higher price for it. Then if you have to sell it later on and the market has tanked you will likely have to sell it for considerably less money than you paid for it. That is obviously NOT a good scenario for you. One downside associated with condo investing is that if other units in the same complex become foreclosure; ...

    Read More

    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, . ...

    Read More

    Friday, April 10, 2015   /   by Steven Annth

    Home Building And Remodeling Trends For 2015

     

     
    Not all home building trends are a good idea; do you remember the avocado-colored appliance craze, the pink tile trend, and the carpet on the walls phenomenon? If you're guilty of following those trends, don't allow this misjudgment to prevent you from latching on to the best trends of 2015. Below, we look at some home building and remodeling trends to follow, as recommended by experts in the field.
    In the Kitchen
    It seems as if people are moving away from stainless steel appliances because of how easily they show fingerprints. Experts recommend you don't stray too far away from the tried-and-trusted approach, however. For instance, concrete counter tops seem like a cool new trend but have a tendency to stain or even break.
    The main kitchen remodeling trend appears to be clean lines in light fixtures and cabinetry. There is also a move towards larger tiles in the kitchen (and bathroom), with luxury vinyl appearing to be the material of choice because it looks like ; ...

    Read More