Wednesday, April 30, 2008
Tuesday, April 29, 2008
Monday, April 28, 2008
Thursday, April 24, 2008
The show looked to be taped in 2005 with the buyers searching in the Southwest area of Minneapolis. The only problem I had with the show is that the photos they were showing of the area, were really photos of homes along Summit Avenue in Saint Paul.
Hmmm... Saint Paul....Minneapolis....yep, they are two different cities. Just goes to show you that you should not always believe what the television, or media for that matter, tells you.
Wednesday, April 23, 2008
Monday, April 21, 2008
The morning of closing, I walked through our soon to be home to make sure the last items that needed to be repaired were finished. Every thing looked good so we headed on over to the title company to sign the final documents. Most of the time, you will have two days before closing to do the final walk through. At this time, if you see anything that is wrong, you can bring it up before you hand over the money and sign for the home.
When it comes to preparing for the closing on your new home, a couple things to remember are:
- make sure closing is not scheduled on a federal holiday - banks will be closed and you will not be able to pick up a cashiers check for your down payments.
- close the second week of the month - if you close either late the first week, or during the second week, your first mortgage payment will not be due for 45+ days. However if you close as the end of the month, you will only have 30 days for the bill to come due.
- close on any day other than Monday - first of all, it's Monday so everyone is going crazy, but closing on a Monday rarely goes smoothly because most title companies and lenders will not have the paperwork completed the previous Friday (HUD statement). If you close on any other day, you will get the paperwork on time and with less headache.
- don't forget to bring your driver's license - one thing you must have, besides the funds you owe, is a valid driver's license. It proves who you are. There have been instances when people have "bought" homes using someone else's identity.
There will be a lot of signing, so come prepared to write. Don't be afraid to ask questions about what you are signing either. Too many times I see clients just sign, saying they will read the documents later. Be honest with yourself, you are about as inclined to read your mortgage documents as you are to read the dictionary front to back.
The nice thing about building new is that usually the builder will have a 3 month and 9 month checkup during the first year in which they can repair warranted items. So if anything major happens, or falls apart, write it down for the builder. For instance, one of the cabinet doors is falling apart in our kitchen, we have some nail pops in our ceiling, and a cold faucet handle does not work properly. No matter how small, make the builder aware so it can be fixed.
Read previous posts from the series below:
Part 8, Putting on the Finishing Touches
Part 6, Finally, Construction!
Part 5, Digging the Foundation
Part 4, Staking the Lot
Part 3, Shopping Day
Part 1, Picking the Builder
**If you want to learn more about the luxury side of real estate in Minneapolis, check out my other blog.
Friday, April 18, 2008
- If you are a seller : don't you dare let your home look like this when a Realtor comes by to photograph your home. It will NEVER get showings.
- If you are the agent: don't you ever take a photo like this and post it with the listing. You are shooting yourself in the foot, along with the seller. Please take the time to move the items off the counter and then take a GOOD photo!
Wednesday, April 16, 2008
Tuesday, April 15, 2008
Monday, April 14, 2008
For those of you not familiar with Minneapolis, Nicollet Island is located on very small piece of land in the middle of the Mississippi River, just off downtown. This simple Greek Revival home is known as the R.M.S. Pease House and was originally located at 814 University Avenue. It was moved to its current location in 1986.
Sunday, April 13, 2008
Friday, April 11, 2008
I have had many question the reason, but it is definitely easier to explain in the middle of winter. Take for instance today, which was covered in a nice layer of slush. Imagine if you were a home owner who had to clean up a mess of dirty slushy footprints all over your newly cleaned floors. It would make anyone mad. Luckily, most sellers help out and provide a large rug where we can put our shoes, and some are even nice enough to provide a chair to sit on.
I remember one buyer, having worn lace-up shoes, refusing to take them off when we went in to a vacant home. I made it plainly clear that just because no one lives here, doesn't mean we throw courtesy out the window. He got the point and took off his shoes.
So the best piece of advice I can give when shopping for your next home is to wear slip on shoes. Trust me, by the time you get to the fifth house, you will be soooo thankful!
Wednesday, April 9, 2008
It was really interesting to watch them. The male, who is quite beautiful, staked out a branch near the box for about a half hour. Then he would hop branches, getting a little closer each time. Finally, he landed on the box, checked it out, then called the female over to give her final approval. If this isn't the same way couples pick a house in this market, then I don't know what is.
Tuesday, April 8, 2008
Some people have told me I should ditch Blogger for something else, but I like where I am right now. Do readers care what type of blog you have? I haven't run across any yet that do.
Saturday, April 5, 2008
So why now, when you need to list your short sale property did they decline to list your home for you?
I can't speak for them personally, but I can give you a couple very good reasons why.
Thursday, April 3, 2008
Wednesday, April 2, 2008
This week, the final three counties voted, and approved to increase the sales tax up to 6.75%. That makes Minnesota, the six highest taxed state for sales taxes. I have a problem with an increases in taxes, as some of you might gather, and two problems I have with this recent vote include:
- There is no guarantee that the money collected will go to the projects it was voted for. Sure, the politicians tell us not to worry, and that the money will be allocated correctly, but let's get real. This new tax is estimated to bring in 100 Million dollars for 2009. That's alot of money for politicians to dip their hands into for other projects, and quite frankly, I just don't trust the Dems in power right now to keep their hands out of the cookie jar. Hennepin County, as part of their vote, thankfully added the provision that is the funds are used for anything else, then they will withdraw from the sales tax increase.
- Many voters objected to the tax increase. Case in point, in Washington County, a large amount of the public that attended the county meeting in Stillwater opposed the increase and voiced their objections; however, that did not stop the county from approving the tax increase. So it looks like the will of the people is being ignored, once again, in the state of Minnesota. Of course, it doesn't help that other county boards that had previously approved the measure were threatening the remaining counties with lawsuits if they did not agree to the sales tax increase. Wow, that a great way to get approval.
According to the Star Tribune, "Supporters said the agreement will make the Twin Cities more competitive with Denver, Portland and other areas with similar taxes, which gives them a source of funds to match federal transportation dollars that in some cases could pay for half the project cost." Umm...keeping up with the Joneses, last time I checked, was not a valid reason for increasing taxes.