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In each real estate transaction, there are buyer’s closing costs, as well as seller’s closing costs. But increasingly, buyers are asking sellers to cover their closing costs. Why should sellers pay for buyer’s closing costs? The main reason is that this is purely an accounting move. With the way we structure purchase agreements, it is […]

What makes one lender better than another lender? I’ve been asked this question by buyers looking in the Minneapolis and St. Paul area many, many times. There are many little differences between lenders, but there are some very basic differences that can make your home buying process go smoothly or bumpy like the potholes we […]

Yesterday I was talking with a person that is looking to downsize and sell their 5 bedroom home and buy a 2 bedroom home. We talked about a lot of details, but as a South Minneapolis REALTOR, I asked him this question:  Do you need to SELL your home in order to BUY a new […]

Radon Testing Radon is radioactive gas that you can’t see or smell or taste. It is found all over the entire United States and can build up in homes. The radon gas enters a home through cracks in the foundation or slab and then gets trapped inside homes. This build-up of radioactive gas can be […]

Fixed Rate Mortgage There are two typical types of mortgages in our industry today, the FHA mortgage, and the conventional mortgage. The main difference is that the FHA has a lower minimum downpayment than a conventional loan. A conventional loan has a typical minimum downpayment of 20%, but some mortgage companies go down to 10% […]

Many people are always wondering how people are financing homes in today’s market. I took a look at some data and found that over the course of 2014, people were financing their home purchases as follows: 59% conventional financing 20% cash 16% FHA financing 3% VA financing 2% other financing