Housing Market Signals to Watch For

  The housing market has been crazy over the past few years. While there have always been periods of ebbs and flows, buyer's markets and seller's markets, yet the frenetic pace and swings since the start of the pandemic has had everyone on edge. Now that interest rates have climbed back to more

What are closing costs & seller concession limits?

When buying a home, most home buyers pay closings costs and fees to cover the costs of getting a mortgage. Closing costs usually range from around 3%-6% of the sale price of the property. Closing Costs, Defined: What are Closing Costs? Closing Costs are fees and expenses a home buyer pays when the

Basics of 1031 Exchange

  What is a 1031 Exchange? A 1031 Exchange is a swap of one real estate investment property for another that allows capital gains taxes to be deferred. It gets its name from Section 1031 of the International Revenue Code (IRC), which allows you to avoid paying capital gains taxes when you sell an

Why is housing inventory so low?

Although buying a home can be one of the most exciting moments in someone's life, many Minnesotan's are struggling to find the home of their dreams due to the severe lack of options. Low inventory is not only plaguing the MPLS Metro area, but communities across the county. What does "low inventory