by Cheryl Kempenich | Feb 28, 2024 | Ask the Real Estate Agent, Financing, Market Stats, Selling
Despite higher Mortgage rates the number of new listings and sales in January, were higher than last January in Chisago County, according to the Multiple Listing Service (MLS). The median sale price was up 12%, compared to last January, coming in at $357,950....
by Cheryl Kempenich | Feb 21, 2024 | Ask the Real Estate Agent, Buying, Financing, Newspaper Articles
One of my team members was on vacation and his client informed the lender that he was switching lenders less than three weeks before closing, to get a lower interest rate. This created a huge problem with the seller and the listing agent, as it could have delayed the...
by Cheryl Kempenich | Feb 14, 2024 | Ask the Real Estate Agent, Buying, Financing, Selling
A title search can turn up issues that could prevent a sale from closing. The property must have clear title to close. The seller must have the legal right to transfer ownership without liens or claims against the party being sold. After the seller accepts a purchase...
by Cheryl Kempenich | Feb 13, 2024 | Ask the Real Estate Agent, Buying, Financing, Newspaper Articles
Lenders require the homebuyer to purchase the lender’s title insurance for an amount equal to the loan. The policy is typically paid for with a one-time premium at closing and remains in effect until the loan has been repaid. This policy protects only the lender...
by Cheryl Kempenich | Feb 4, 2024 | Ask the Real Estate Agent, Buying, Newspaper Articles, Selling
Home buyer’s remorse is a common feeling of regret or anxiety that arises after purchasing a home. It can be caused by various reasons such as overpaying, disliking the location, or realizing that the house needs more maintenance than expected. Some buyers experience...
