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...
by Cheryl Kempenich | Jan 18, 2024 | Ask the Real Estate Agent, Buying, Home Improvement, Maintenance, Newspaper Articles
During the competitive real estate market over the past two years, many buyers declined to have a property inspection to provide more favorable terms for the seller, to get their offer accepted. Some buyers discovered costly problems after they closed that could have...
by Cheryl Kempenich | Jan 11, 2024 | Ask the Real Estate Agent, Buying, Lakes Living, Local Information, Newspaper Articles
As the real estate market slows and we look for more buyers for our home sales in Chisago County, we often get asked, “what is so great about the Chisago Lakes Area?”. This is an easy question for me because I made the choice to move here, as I spent most of my life...
