Archive for June, 2014

Cost of Waiting to Buy Your First or Next Home – By Randy Cullen

June 27th, 2014

For many households, whether you own a home now or are in the market to buy a home, you are wondering what you should do. Current homeowners know they have experienced a rise in home values that will help them sell and allow them to buy what they really want. For first time buyers, paying rent is just another expense, but does not give them any equity for the future. Here are a few tips to consider for both the seasoned homeowner and the first time buyer.

Reasons to look at purchasing your first home:

  • Interest rates and home prices are going to increase with time – It is just a fact.
  • Nationally, buying is 38% less expensive than renting at this time. For renting to cost less than buying, rates would have to rise to 10.6% – that’s a long way from our current rates! While buying may always be a cheaper option than renting, buying NOW may be the best option of them all. Why wait for costs to rise and have a bigger monthly payment?
  • If you’re paying rent today, that check you write every month disappears from your bank account never to be seen again. When you buy, your monthly payments are an INVESTMENT you can live in.  Also, if you’re looking to build your family wealth but aren’t very good at saving, a mortgage payment is the perfect “forced savings”. Although the market moves up and down in cycles, the appreciation of real estate has remained consistent overall.
  • Tax deductions for property owners are greater than those for renters.
  • If you’re planning on staying put for a while (at least 7 years), why wouldn’t you buy?
  • Competition within the market is going to increase shortly, as rates and home prices rise.
  • NO LANDLORD – you’re the boss! No one can tell you not to adopt that pup from the pound, or what color to paint the walls. You can personalize a place that’s all your own, and you don’t have to deal with the hassle of renewing leases or moving every year or so! Look at our Rent Vs. Buy Calculator to help you understand the value in purchasing a home.

For those who currently own, and wonder if selling and buying what you really want makes sense:

  • The market is about to change! Now is the time to get the best deal before rates and home prices increase. The longer you wait, the harder the hit to your wallet on home costs and monthly payments; and the difficulty in selling your current home increases as the competition grows!
  • If you’re already thinking you might want something different, or you’re running out of space, imagine how much you’ll regret not making the change now if you’re stuck a few years down the road! You’re going to be pouring a large portion of your income into a monthly payment, why not have that money go towards a home you truly LOVE?
  • Now is the time to buy low, sell high.  Cost of Waiting Charts

Don’t wait for prices to drop or rates to increase. There are products and programs readily available to all buyers. The cost of waiting should make the decision to buy now more appealing. We are ready to help. Use our team as a resource to guide you in making the right decision for you and your family.

Your success is important to us and we would love to assist you with these helpful tools…and more. By Barb Crea

June 20th, 2014

Expired listings can be a real goldmine in today’s real estate market, and June 30th is typically one of the most common days of the year for real estate listings to expire. While there are a percentage of these listings that are owned by unreasonable sellers, there is also a percentage that truly needs to sell. Once that listing is “expired” you have the right to approach the seller, offer to represent them, and ask that they sign a listing agreement with you.

Keeping Current Matters (KCM) has helpful tools to assist you in mining these expired listings:

·        5 Elements of the Perfect Listing Presentation – a PowerPoint presentation that will help you create enough trust with the seller to let you sell possibly the largest asset their family owns PLUS more…

·        Find the GOLD in Expired Listings – an 8-page eGuide that will help you understand the mindset of an expired listing, the 4 options these sellers now have and how to make sure YOU sell this home before it ever expires again.

·        Newly released summer 2014 “Seller Guide” and “Buyer Guide” – powerful marketing materials to share with clients, or bring to your pre-listing appointments. They help you simply and effectively explain the current market opportunities to potential clients.

Continually educating yourself and communicating what you learn to others will help you be the person to whom people turn for advice on real estate decisions. Visual aids are always more persuasive than unaided presentations, and Keeping Current Matters is a great resource for these. Your success is important to us and we would love to assist you with these helpful tools…and more. Contact Barb or Randy at (952) 853-0222 – we’re here for you! – Barb Crea

You hold the key to making “home” exactly what they have envisioned – By Randy Cullen

June 13th, 2014

The June edition of Keeping Current Matters has some great information about the market and trends for the future. There are many positive signs, supported by recent studies, that show why buyers are out and sales numbers are up. We are moving toward more balance in the market, but not at every price point. Buyers are very specific about the home they wish to buy and new construction will continue to grow.

Knowledge of the market and Market Trends are extremely important, and seasoned real estate professionals are the key to bringing buyers and sellers together. Even Fannie Mae realizes this – they posted a recent statement that said homes sold by real estate professionals typically sell at a higher price and the listings will have a shorter time on the market. You really matter! Read what Fannie Mae had to say at

Have you have been seeing increased traffic in your market area? Showings are up on your listings and more people are out visiting model homes. A new study out on foot traffic confirms an increased number of buyers are out and about. This report is an indicator of future sales. No one will be surprised to hear that foot traffic was low and sales were down this January; however, April numbers rebounded to 46.1%, and we are seeing an increase June sales numbers! It explains why you are so busy with new buyers today. Read the rest of this entry »

June is National Homeownership Month!!! – By Barb Crea

June 6th, 2014

In 2002, George W. Bush proclaimed June as National Homeownership Month. The following is an excerpt from his proclamation:

“Homeownership is an important part of the American Dream…A home provides shelter and a safe place where families can prosper and children can thrive. For many Americans, their home is an important financial investment, and it can be a source of great personal pride and an important part of community stability.”

“Homeownership encourages personal responsibility and the values necessary for strong families. Where homeownership flourishes, neighborhoods are more stable, residents are more civic-minded, schools are better, and crime rates decline.”

“During National Homeownership Month, I encourage all Americans to learn more about financial management and to explore homeownership opportunities in their communities. By taking this important step, individuals and families help safeguard their financial futures and contribute to the strength of our Nation.”

To help celebrate National Homeownership Month, the Minnesota Homeownership Center and its network of nonprofit partners, the Homeownership Advisors Network, are offering FREE homebuyer education to potential homebuyers during the month of June. For more information on FREE HOMEBUYER EDUCATION WORKSHOPS visit  Nothing supports successful homeownership better than education.

Encourage ALL your clients and prospects that may need homebuyer education to qualify for one of the many first-time homebuyer programs and down payment assistance programs to log onto TODAY to sign up for a FREE Homebuyer Education Workshop during the month of June before they fill up – time is running out! – Barb Crea