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 19, 2021 | Ask the Real Estate Agent, Buying, Financing, Lakes Living, Local Information, Market Stats, Newspaper Articles
May is one of the busiest months of the year in the real estate market, and once again, and the lack of inventory and buyer demand can increase selling prices at a pace faster than the appraisers can substantiate. Because buyer demand is so high, many sellers are...
by Cheryl Kempenich | Feb 19, 2021 | Ask the Real Estate Agent, Buying, Financing, Local Information, Market Stats, Newspaper Articles, Senior Housing
The National Apartment Association conducted a survey of government officials, developers, and owners, and found that despite skyrocketing rents, they are unable to build more apartments due to not-in-my-backyard (NIMBY) mindsets. Most communities are sympathetic to...
