Minnesota Real Estate and Community News

Feb. 14, 2020

Options for People Who Need to Buy and Sell a Home



Most homebuyers are also home sellers. Here’s how we can help you complete both transactions at the same time.
Selling a home? Click here to find out how much your house is worth.

 

 

Juggling both a home sale and a purchase can be difficult. You might need to sell before you buy, but what if you’re not able to find anything you like? What if you find your dream home before you’ve sold? I’m going to answer these questions and more for you today.

 

One option you have is called a sell, buy transaction. This is the most common because most homebuyers need to use the profits from their home sale to put a down payment on their next one. We’ll get your home on the market, target campaigns to the ideal audience, and get your home sold quickly. Once it’s sold, we’ll take you out to find the perfect new home. Then we’ll close these two transactions on the same day. The sale will happen, the equity will come out, and you’ll be able to use it to buy the new home.

 

If you find your dream home before you sell, we can help with that transition.

 

 

If you end up in a situation where you’ve sold your home but you haven’t found anything to buy yet, we can write in the purchase agreement, “Sale subject to seller finding home of choice in X number of days.”

 

If you’ve found your dream home, but your current home hasn’t sold yet, you need to make an offer now. Unless you have a large pile of cash sitting around somewhere, you’ll have to get a little creative. One option is a bridge loan, which allows you to borrow the equity out of the house you currently live in to purchase the new house. Another option is qualifying for both mortgages and paying them both for a short time until the home is sold. Finally, you can sell for cash to an investor who doesn’t care about the condition and can close quickly.

 

If you have any questions for me, feel free to reach out via phone or email. I look forward to hearing from you soon.

Posted in Market Updates
Jan. 27, 2020

3 things I’ve learned over 20+ Years in the Real Estate Industry



I’ve learned three things during my career as a real estate agent in the Twin Cities area.

Selling a home? Click here to find out how much your house is worth.

 

 

In my 20+ years of working in the real estate industry, I’ve learned three things: 

 

3. No two real estate transactions are the same. While there are many similarities, no two situations are identical. The real estate business is as much art as it is science, meaning you can use data to price a house, but it also takes listening skills, patience, creativity, experience, and good communication to accommodate a unique, sensitive situation. 

 

2. Real estate is always changing. Many people are in denial about this. Let’s face it—change is hard. The only thing that will never change, however, is change itself, and this pertains to the real estate industry overall. Whether it’s marketing, negotiation skills, MLS rules and regulations, social media laws and platforms, etc., it’s all changing so fast that many people don’t even know about the latest changes. I’ve learned that you have to be hungry and tenacious to continue learning and stay on top of these changes, because they’re a huge part of our business. 

 

It’s all about offering expert advice, being compassionate, and acting as the voice of reason when tensions run high.

 

1. Having a genuine desire to help people is my goal. It’s not about the number of transactions per year, or the number of homes I’ve sold in my career; it’s about helping people. I’ve seen people at their best—full of joy and excitement—and I’ve seen people at their worst due to difficult circumstances. Buying and/or selling a home can be a difficult situation, and it’s certainly one of the most significant investments a person can make in their lifetime.

 

What I can offer my clients? Depending on your goals, I can get you the most money for your home in the least amount of time, or secure a guaranteed offer quickly. It’s all about offering expert advice, being compassionate, and acting as the voice of reason when tensions run high. That’s my goal, and that’s my idea of excellent customer satisfaction. 

 

As always, if you have any real estate questions or you’re thinking of buying or selling a home soon, don’t hesitate to reach out to me. I’d love to help you.

Jan. 2, 2020

Does it really matter what title company you use?



As a buyer, here’s what you need to know about the role of title companies in a home purchase. 

Selling a home? Click here to find out how much your house is worth.

 

 

Are you thinking of buying a home soon? Title work is an important part of the home buying process. Today I’m joined by Stacy Lashinksi, general consul of Results Title, to outline the title company’s role in a home purchase. We’ll also go over what types of insurance you’ll need to get and what your due diligence should be to find the best title company to work with. 

 

For your convenience, I’ve provided timestamps of the video above so you can skip ahead to various points of our discussion: 

 

0:26—Stacy’s background

 

0:47—What is title work and what does it entail?

 

2:01—The types of insurance required for buyers during a purchase 

 

2:41—What separates good title companies 

 

3:38—The main challenges buyers face when working with title providers 

 

5:43—Estimate your costs at ResultsTitle.net

 

6:41—Wrapping things up 

 

If you have any questions about this or any other real estate topic, don’t hesitate to reach out to me. I’d be happy to help you.

Jan. 2, 2020

Agent Spotlight: Meet Nolan Meyer



Nolan Meyer joins me today for my latest agent spotlight.

Selling a home? Click here to find out how much your house is worth.

 

 

For my latest agent spotlight, I’m featuring Nolan Meyer.

 

Nolan has been in the industry for a while now, and he specializes in homes in the Twin Cities area. Nolan got his start in the business by interning as an assistant property manager while in college. After graduating, he started working as a loan processor, and then he switched to being a loan officer. After that, he became a full-fledged agent.

 

To do it right, you have to do it full-time, and that’s what Nolan does.

 

“Real estate is pretty much all I’ve ever done, and all I’m really qualified to do,” he says.

 

The advantage of working with Nolan is that he’s a full-time Realtor. He’s worked with countless clients who came to him after having a bad experience with a previous Realtor, and all of these clients essentially tell him the same thing: Their previous Realtor didn’t do much anything. This is because many agents treat their job as a side-gig or hobby. To do it right, you have to do it full-time, and that’s what Nolan does.

 

If you’re interested in buying or selling a home with Nolan, you can call him at (612)-217-0015 or email him at nolan.meyer@results.net.

 

As always, if you have any real estate questions for me or you’re curious about what’s happening in our market, feel free to reach out to me as well. I’d love to help you.

Posted in Agent Spotlight
Dec. 19, 2019

Happy Holidays to You!



May the merry bells keep ringing.

Selling a home? Click here to find out how much your house is worth.

 

 

Happy holidays to you!

 

The holiday season has officially arrived. We hope you enjoy this wonderful time of year and make some fantastic memories with your family and friends.

 

We wanted to take a moment to thank you for your continued support. We love helping people make their real estate dreams come true, so thank you for working with us.

 

This may be a busy time of year, but we are always here to help you and answer any questions you may have. Give us a call or reply to this email.

 

In case we don’t hear from you, have a happy New Year!

Posted in Happy Holidays!
Dec. 3, 2019

4 Points to Consider Before Refinancing



There are four points to consider to know whether refinancing is the right move or not.

Selling a home? Click here to find out how much your house is worth.

 

 

If you’re thinking about refinancing your property, there are four points you must consider before making a decision:

 

1. What is your current interest rate (and will you be dropping at least 1% off of it)? For example, if your current rate is 5% and you’re dropping it down to 4%, then refinancing is a good decision. 

 

2. Are you leaving behind some type of short-term financing? In other words, are you looking to secure a 15- or 30-year fixed-rate mortgage, or is there a cash-out option that allows you to pull equity out of your home?

 

Make sure you do the math and verify that the closing costs are worth it.

 

3. How old is your current mortgage? The longer you’ve had your current mortgage, the more of your payment goes toward your principal instead of interest. When you refinance, you’re starting the whole interest table over again, which means you’ll start those payments with a larger interest payment (which will decrease as the mortgage matures). 

 

4. How long do you plan on owning the property? When you refinance, you have to pay closing costs, which usually make up about 3% of the mortgage amount. Make sure you do the math and verify that the closing costs are worth it. If you only plan on staying in your home for another two years, they probably aren’t.

 

As always, if you have any questions about this or any other real estate topic, don’t hesitate to reach out to me. I’d love to help you.

Nov. 15, 2019

Agent Spotlight: Meet Maynard Mohanlall



Today we’re introducing our newest buyer’s agent Maynard Mohanlall.

Selling a home? Click here to find out how much your house is worth.

 

 

Today we’re here with Maynard Mohanlall, one of our newest buyer’s agents. We wanted to introduce Maynard to everyone and have a conversation about who he is as a real estate agent. Interesting fact: Maynard came from the banking and automotive fields. Today he’ll answer questions for us in his own words.

 

Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch the full message or use these timestamps to browse specific topics at your leisure: 

 

0:20: An introduction to today’s topic

 

1:20: Why Maynard got into real estate

 

2:20: Maynard’s core values

 

4:35: Why you should choose Maynard as your real estate agent

 

5:30: How to contact Maynard

 

6:40: Wrapping up today’s topic

 

If you have any further questions for Maynard or for us about real estate, please reach out to us by phone or email. We would love to speak with you!

Posted in Agent Spotlight
Oct. 21, 2019

A Winter Home Prep Checklist



These five tips will help you prepare your home for the cold months ahead.

Selling a home? Click here to find out how much your house is worth.

 

 

Here are five tips you must remember as you prepare your home for winter:

 

1. Seal any cracks or crevices around the house. As we’re getting ready for winter, all the critters and rodents out there are looking for a warm place to stay, so don’t let it be your house. 

 

2. Clean your gutters. They need to be clear of any debris so water can drain away from the foundation and ice doesn’t accumulate. 

 

3. Prepare your central air compressor. We usually like to tell people to start by turning off the breaker to the A/C compressor, and there’s a disconnecting lever located out by the compressor that you’ll want to pull and turn upside down. You’ll also want to spray any debris off of it, and some recommend covering it with a tarp to keep snow and ice off of it.

 

As we’re getting ready for winter, all the critters and rodents out there are looking for a warm place to stay, so don’t let it be your house.

 

4. Prepare your furnace and HVAC system. Your furnace and fan work very hard all winter, so if you haven’t replaced your filter in a while, put a new one in. It also wouldn’t hurt to call a professional and have them inspect these items. 

 

5. Remove any garden hoses attached to your outside water spigots. If you don’t do this, the water in the hose will freeze, back up into the spigot, and break the pipes in your basement. You won’t even know about it until spring rolls around next year and your basement floods the first time you use the hose again. This has happened to me before, so don’t let it happen to you. 

 

As always, if you have any questions about this or any other real estate topic, don’t hesitate to reach out to me. I’d love to help you.

Sept. 27, 2019

An Interview With John Alexander, Pastor at Eagle Brook Church



Today I’m joined by John Alexander from Eagle Brook Church in Lionel Lakes to talk about how his church is a great facet of the community.

Selling a home? Click here to find out how much your house is worth.

 

 

John Alexander is a pastor and member of the leadership team at the Eagle Brook Church here in Lionel Lakes. They may not be a perfect church, but they do their very best to welcome everyone, whether they’re long-time church-goers or new to the experience. Today I spoke with John to discuss his church’s mission, their involvement in the community, and the methods they use to help people feel at home.

 

I encourage you to visit their website to learn more about their programs and engagement with the community. As always, if you have any questions, feel free to reach out to me. I’d love to hear from you.

Aug. 27, 2019

How RE/MAX Results Became One of the Largest Brokerages in the Country



If you ever wondered how RE/MAX Results became one of the largest real estate brokerages in the country, today you’ll find out.

Selling a home? Click here to find out how much your house is worth.

 

 

Today I’m joined by John Collopy, author and owner of RE/MAX Results, to talk a little about his brokerage and how he was able to grow it into one of the largest in the country. 

 

According to John, there were many steps involved in getting them to where they are now. As he recounts, when they started the company in 1986, his late business partner Bill Saunders was a great leader and had certain skills John was lacking at the time. 

 

It took them six years as a real estate company to break even, but as John says, “They did it a day at a time.” To illustrate his point, he recently counted how many times he’d been to work in his career at RE/MAX Results, and his final tally was 6,400 times.

 

“Sometimes it’s a good day, sometimes it’s not, but you accomplish something every day, and that’s how we work on it,” he says. “I hope we continue to grow and everybody prospers in the system, and we’ll do it a day at a time.”

 

It took them six years as a real estate company to break even, but as John says, “They did it a day at a time.”

 

One important thing he learned in terms of life experience can be summed up by another saying someone told him a long time ago: The older you get, the faster life goes. In other words, when you add up the days, it seems like a lot, but when you look in the rearview mirror, it doesn’t seem like that long ago. 

 

“It’s an amazing set of circumstances, and I’m proud of the people I work with.”

 

I want the thank John for joining me today for this insightful interview. If you have any questions for him, you can reach him at (612) 876-9000. 

 

As always, if you have any real estate needs I can take care of, don’t hesitate to give me a call or send me an email. I’d love to help you.