More and more, I am hearing about appraisals that are coming back with notations from the appraiser that the property is in a "declining market." Unfortunately there is no set-in-stone definition for what is or is not a declining market. What's come up in my experience is either the pricing of comparables has fallen considerably or the days on market is more than 6 months. In these situations, the amount that the buyer would be able to borrow to purchase the property is reduced by 5% from the maximum allowed … [Read more...]
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Minneapolis/St. Paul April Pending Home Sales Hit 10 Year High
The Twin Cities housing market continues to roar ahead as today the Minneapolis Area Association of … [Read More...]
Fantastically Simple Way to Make a Home Floor Plan
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Print a 3D Model of Your House Plan
For home buyers that are looking to build a new home, one of the most common questions asked is … [Read More...]