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Ray & Nimi Singhal Team
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    CRS: Certified Residential Specialist
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North Oaks, MN 55127


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Time for Shoreview Home Buyers to Get Off the Fence!

Friday, July 31st, 2009

TIME FOR SHOREVIEW HOME BUYERS TO GET OFF THE FENCE
Rates continue to be at historic lows and let’s face it, any rate below 6% is considered to be outstanding. Especially when you combine it with housing prices that are at their lowest levels in 6 years. Home prices are beginning to stabilize and we are even seeing homes being sold in multiple offer scenarios.

In addition, if you are a first time home buyer, you may qualify to take advantage of the $8,000 tax credit. We’ve heard it before, but it bares repeating. When do you know when we’ve hit the bottom of the housing market…when it starts to go back up.

So, if you are in the market to buy one of the beautiful Shoreview homes or a fantastic home in any other area, it is time for you to make your move and get off of the fence.

More Tips for Buying Shoreview Homes

Thursday, July 30th, 2009

As a continuation of our last posting, here are more tips that will help take the trauma out of buying a home:

1.  Remember to consider more than just the rooms of a home.  Also consider the amenities, noise level, etc.  Envision your daily routine in the home and make sure it will work for you.
2.  Make sure you have met with a lender to see how much of a mortgage payment you are comfortable with before going out to look at homes.
3.  Make sure to factor in maintenance and repair costs when considering your monthly budget.  All homes will require some type of maintenance.
4.  Because buying a home is most likely the biggest financial investment you will make, be prepared for some buyer’s remorse.  It is natural when making such a big commitment.
5.  Unless you are buying a home for investment purposes only, buy a home first because you love it, consider the appreciation aspect secondly.  Your home should be a comfortable, safe place to live.

    Again, these tips are useful for first time home buyers as well as the experienced home buyer.  The home buying process can be stressful, so expect that and if you’ve chosen your real estate professional well, the stress should be minimized.

    Tips for Buying Shoreview Homes

    Wednesday, July 29th, 2009

    Here are just a few tips that buyers should think about when buying a home:

    1.  Find a real estate professional that you get along with.  Not only does your realtor need to be knowledgeable, but you need to find someone that works well with your personality.

    2.  Don’t try to second guess the market.  If you find a home that you want, make an offer on it.

    3.  Don’t ask for too many opinions from friends and family.  Too many ideas can make it harder to make a decision.

    4.  Accept the fact that no house is perfect.  It is much more important to focus on the things that are most important and let the minor ones go.

    5.  While negotiation is a big part of buying real estate, the best negotiation is when all parties are happy with the outcome.  A win-win is always a better path.

      These tips apply to first time home buyers as well as seasoned home buyers that may be purchasing their 10th home.  Check back again for more tips on buying homes in Shoreview.

      Buying a House in Shoreview: Looking for Assistance With Your Down Payment and Closing Costs?

      Wednesday, June 24th, 2009

      Minnesota Housing is a state agency committed to finance and advance affordable housing opportunities for low and moderate income Minnesotans to enhance quality of life and foster strong communities. If ranked among commercial banks, it would be the sixth largest bank, with total agency wide assets of $3.2 billion as of March 31, 2008.

      Features: Interest-free loans to help with down payment and/or closing costs.

      Repayment: The loan is in the form of a second mortgage to be repaid when owners sell or refinance the house, pay it off or the home is no longer owner-occupied.

      Information: www.mnhousing.gov

      Over the next two years, Minnesota Housing will invest more than $1.6 billion to further our four strategic priorities:

      • Finance new affordable housing opportunities
      • Preserve existing affordable housing
      • End long-term homelessness
      • Increase emerging market homeownership

      As the state’s affordable housing financial institution, Minnesota Housing is a state agency that will invest more than $1.6 billion during the 2008-2009 biennium to address a continuum of affordable housing needs for an estimated 90,000 households across the state.

      Market Recap

      • Avg. Sales Price: 379,000

      • Avg. Days on Market: 69

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