Earlier this year, many economists and market analysts were predicting an apocalyptic financial downturn that would potentially rattle the U.S. economy for years to come. They immediately started to compare it to the Great Depression of a century ago. Six months later, the economy is still trying to stabilize, but it is evident that the [...]
Wondering if this is the right time to sell your home and downsize? Absolutely! This is a great time to put your home on the market. You can get top dollar for your home which means that then you can go ahead and be a strong buyer as you look to downsize and possibly spend [...]
Unless you are a cash buyer, settling on the amount you will pay for a home isn’t always as simple as agreeing to pay the listing price. If you are applying for a home loan, you have to get an appraisal. So what is an appraisal for? When do you have to get an appraisal? [...]
Pre-qualification, pre-approval, fully underwritten pre-approval: What are the differences? Are all of them necessary or just some? While aspects of pre-qualifications and pre-approvals are similar, there are some key differences. Pre-Qualification This is just an estimate to get an idea of what mortgage you can probably afford. A mortgage pre-qualification is generally quick to get, [...]
Are you wondering if you can sell your home after only two years? The answer is: Absolutely! Many homeowners are able to sell their home and walk away with a profit in two short years. We’ve seen about a 11% increase in home values in the last two years in Rochester. What that means is [...]
“I believe that unarmed truth and unconditional love will have the final word in reality. This is why right, temporarily defeated, is stronger than evil triumphant.”-Martin Luther King Jr. As a member of the Enclave Team and a resident of South Minneapolis, I wanted to reflect on the events of the past two weeks. My [...]