Rapid City Area

The title company researches the property records to make sure there is clear title to transfer. In our market, it is customary for the sellers pay for the ‘title insurance’ to the buyer from the title company. Rapid City buyer’s pay for title insurance to the lender in the amount of their loan – it » Read more  

Another side of the market worth considering is how many total properties are selling. Those numbers are down significantly. Total numbers of residential properties sold in 2009 are down about 37%. The break down between the types of properties fall in this way: the number of existing family homes sold during the first four months » Read more  

Rapid City market conditions are pretty stable, even though they are still a little soft. According to our local multiple listing service statistics total residential average sales prices for the first four months of the year are down from $169,280 in 2008 to $162,812 in 2009. So overall, our total sales price is down about » Read more  

As President-Elect of the Dakota Chapter of the Council of Residential Specialists, I have come to Mid-Year leadership meetings in Washington DC. It has been fun, but more than that it is good to connect with leading REALTORS® from all over the United States. The Council of Residential Specialists is a national organization which champions » Read more  

Rural Development loans (www.rurdev.usda.gov/sd) may help some people with lower or moderate income levels obtain mortgages with 100% financing. These are designed to help people with good credit and steady incomes that may not have the down payments funds saved for conventional financing. This government backed loan guarantee looks at credit history, ability to pay, » Read more