- Fha work orders complete. Clear to close! Congrats Nick and Alison. http://t.co/gEWgGxQH #webtest #
- Testing features of the new website. (@ Brian Gute – Lakes Area Realty) http://t.co/Ws3lOzAv #webtest #
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making sense of Chaska Real Estate
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I’m currently putting the final touches on a tool I created with some help from software engineers that I worked with when I was in the IT industry. The interactive tool takes home information that you enter into the system and based on previous purchase price and date it generates what the current Case-Schiller index* says your home is worth based on it’s methodology. Just like any auto-evaluation tool it is not local enough to be trusted as an accurate market value indicator. It does, however, provide a single data point and when compared to many other data points(90 local sale pair averages, comparable sales, local economic conditions, condition , repairs made and walk through of subject property and area competition) a true opinion of market value can be formed. I use all of these data points and talk with my seller’s one-on-one about their homes market value with an easy to read presentation. My goal is to educate my seller’s to make educated real estate decisions based on real experience and supporting data.
*Case Schiller Index is an index published at Standard and Poors. Data collected since 1890 to present is used to determine where the real estate market is moving. (published with 60 day lag)
With the government about to cease the program to purchase mortgage backed securities the fate of mortgage rates and the somewhat leveling market will be tested. Whether the demand for housing will be strong enought to stand on it’s own is remained to be seen. This article from CNN Money explains the factors that will test this 2010 real estate market. With the credit for 1st and 2nd time homebuyers counting down I have one tip for sellers out there – Price Your Home Right!
For people who want to own a home, the premium to buy—the spread between what they’d spend to rent and what they’d pay for a mortgage—is much lower than the 15-year average in many cities.
To determine what cities are smart buys, Forbes magazine computed the premium and also identified locales where economists predict home prices will go up the most over the next five years.
Here are the top 10 cities the magazine chose as the best places to buy right now. (hint: Minneapolis is on the list!)
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Fha work orders complete. Clear to close! Congrats Nick and Alison. … [Read More...]
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My successful home sale process has proven results and makes me a top producing agent in Minneapolis Twin Cities area, even during the worst real estate market in decades. My business is thriving on [Read More …]
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