Fall 2024 Housing Outlook

At the beginning of the year, experts predicted that the housing market would continue to see higher sales prices and a slightly lower, more stable interest rate; increasing the number of potential buyers in the market. This in turn creates a shortage of inventory and inceases the potential of multi

Real Property vs. Personal Property

  When it comes to buying and selling real estate in Minnesota, buyers and sellers often find themselves asking "what's included in the sale?". When negotiating real estate transactions, typically real property is what conveys unless otherwise specified in writing in the contract. The main differenc

What to expect from the housing market in 2024

2024 might be a little more kind to prospective home buyers, homeowners and renters than in 2023. The housing market was downright hostile to hopeful movers in 2023. With average mortgage interest rates hitting 8% in mid-October 2023 and the median sales price for an existing home is the U.S. was $3

Pre-Qualification vs. Pre-Approval: Is there a Difference?

  As you prepare to apply for a mortgage and start the home buying process, you'll come across terms such as "prequalification" and "preapproval". A lot of times these terms are used interchangably, when they are not synonymous. It's extremely important to understand what these terms mean because th