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Displaying blog entries 11-20 of 33

How is the market In Fargo Moorhead

by Morris Pyle Team

The market of homes goes up and down each and every year.
This chart shows you how things in Fargo-Moorhead have been going for the last few years.​

Keeping up updated on the current rates.   Remember these changes fast at the time so get with you banker to lock in your rates when you start the home buying processes. 

 

 

Where to put it all

by Morris Pyle Team

As you’re probably aware, one of the key steps to preparing your home for sale is to get rid of as much clutter as possible. You want to make every room look spacious and comfortable.

But what do you do with the pictures, boxes, clothing, tools, furniture and other stuff you need to take out of your home?

For items that you don’t want anymore, you have two options: dispose or donate. You can dispose of items at your local waste depot or recycling center, (but be sure to call ahead to confirm which items they will accept.) Donations can be made to organizations like Goodwill and The Salvation Army. These organizations are interested in good furniture, clothing, appliances (that work), bikes and other toys (that don’t need repair), and tools.

For items you want to keep, consider renting space at a local self-storage facility. Most offer a variety of storage options from lockers to garages, and typically charge by the month. As for security, most self-storage facilities have fencing, gates that require a passcode, cameras and other security features. You can also lock your own unit.

One of the drawbacks of self-storage is that you have to move your stuff twice – first to the storage unit, and then to your new home. An alternative that’s becoming increasingly popular is a Mobile Storage Unit. The unit is placed in your driveway for a few days while you load it with the items you want stored. Then it’s picked up by the mobile storage company and taken to their warehouse. When you move, the company simply drops the unit off at your new home for unloading.

Rural North Dakota – Great Outdoor Attractions Attract Home Buyers

by Morris Pyle Team

Looking for a great place to buy a home in North Dakota that offers small town living with big outdoor attractions, on top of being close to the big city?  These rural communities may just be what you’re looking for!

Oxbow is only 15 minutes from Fargo and is home to 300 residents.  Oxbow is home to the Oxow Country Club and is a popular attraction for golf, poolside activities, and events.

Horace is a suburb of Fargo and is one the fastest growing cities in North Dakota. There’s a number of parks for the family, including Freed park that offers a baseball diamond, jungle gym, skateboarding, basketball hoops, tennis court, horseshoe pit, and volleyball court.

Mapleton is located on the Maple River and is only 10 miles from Fargo. Christensen Park has a number of amenities for sports lovers. And for golfers, the Maple River Golf Club has everything you need in an 18-hole golf course.

If these great rural locations sound enticing, then Search For Homes in Oxbow, Horace, or Mapleton today!  Here’s a preview of some of the beautiful homes for sale!

Love the Great Outdoors? Buy a Home in Detroit Lakes!

by Morris Pyle Team

If you’re thinking of buying a home in Minnesota  and are looking for a great community to call home, then look no farther than Detroit Lakes. This is especially true if you love the great outdoors.

This part of the state is devoted to outdoor recreation and exploration. This is where the 500-mile International Pine to Prairie Trail starts that goes up to Winnipeg, Canada.  There’s also the Tamarac National Wildlife Refuge which has 20 lakes, rivers, and swamps with marked hiking trails.  There’s also 250 miles of groomed snowmobile trails and spaces for cross-country skiing. And for the fishing enthusiast, there’s ice fishing on most of the lakes.

And for great skiing, there's the all-new Detroit Mountain.  It was originally a family owned alpine ski operation, but closed in 2004. After it closed, the local community discussed how to revitalize it into a year-round recreational facility. Detroit Mountain was reborn from this vision to include an all new terrain park, tubing hill, and cross country ski trails.

And if you want to spend some time indoors, then you can enjoy hockey, ice skating, and curling at the Kent Freeman Sports Arena. Or go for a swim and work out at the Detroit Lakes Community and Cultural Center.

There’s no shortage of things to do in the great outdoors in Detroit Lakes. Search for a home now. Here’s a preview of the homes for sale in Detroit Lakes on our website.

Increase the Change of Being Accepted

by Morris Pyle Team

While all contracts must have certain required elements, mutual assent, consideration, capacity and legality, there are some things that increase its chance of being accepted.

19269905-250.jpgThe seller generally wants the highest possible price with the fewest inconveniences in the shortest period of time. In the same way, the buyer generally wants the lowest possible price with the fewest inconveniences in the shortest period of time.

The perspective of the principal can change depending on how these different parts of an agreement are structured.

  • Offer Price - While the price of the home seems to be the major point of contention in a home negotiation, the seller’s net proceeds and the buyer’s mortgage payment may actually be more critical.
  • Financing - 86% of buyers financed their recent home purchase as opposed to the 14% who paid cash. Some financing has higher fees than other types of financing and in some instances, sellers must pay the additional charges on behalf of the buyer.
  • Concessions
    • Seller-paid closing costs – paying all or part of a buyer’s closing cost requires less cash outlay for the purchaser and makes it easier or more appealing for them to buy the home.
    • Seller-paid buydown – prepaying interest to the lender on behalf of the buyer gives them lower payments for the first one, two or three years even though they must qualify at the note rate of the fixed-rate mortgage.
    • Personal property – seller may agree to include existing or new personal property like washer, dryer or refrigerator.
    • Improvements – seller may agree to make modifications to the existing condition of the home like floor covering, countertops, appliances, painting or other things.
  • Earnest Money – more money gives the seller a sense that the transaction is more likely to close while putting the least amount at risk is generally, more appealing to the buyer.
  • Timing – depending on which party is more flexible, sometimes an earlier or later closing or a position on occupancy can be an offsetting consideration that can balance the differing terms.
  • Contingencies or lack thereof – requirements that must be satisfied before the contract can be closed.

The training and experience of a skilled negotiator can benefit both buyers and sellers to save time, avoid difficulties and bring all parties to an agreement. Your real estate professional should be able to help you structure a good offer and negotiate a win-win situation.

The Right Questions are Key

by Morris Pyle Team

Asking the right questions will lead to the answers that help you determine which agent to use for one of the largest investments that most people make…the purchase or sale of their home. 

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Rudyard Kipling wrote the verse “I keep six serving men, they taught me all I knew; their names were what and why and when and how and where and who.” Prefacing your questions with one of these words can help you get the information you need to make a good decision about the REALTOR® you use.

  • How long have you been selling homes and is this your full-time job?
  • What designations or other credentials do you have?
  • How many homes did you and your company sell last year?
  • What is your average market time compared to MLS and your top competitors?
  • What is your sales price to list price ratio?
  • When will you report to me on the progress of my transaction?
  • Who can you recommend for service providers like mortgage, inspections, repairs and maintenance?
  • Why do you want to work with me?
  • Where are the biggest opportunities to expose my home to the largest market?

Finding the right person to represent you is a little like the person who ordered a lobster dinner at a restaurant. When the waiter brought out the meal, the lobster only had one claw. The customer asked why it only had one claw and the waiter said: “I don’t know; I guess it was in a fight.” The customer looked at him and said: “then, bring me the lobster who won.”

Choose a Lower Tax Rate

by Morris Pyle Team

During campaign season, it is not unusual to hear a candidate criticized because they make a lot of money but pay little in income tax. While it might not seem fair, taxpayers are allowed to arrange their affairs so that they minimize the amount of tax paid.tax brackets.png

Salary, wages and commissions, along with interest and dividends are taxed at ordinary income rates which can range from 10% to 39.6%. However, capital gains rates, for property held more than 12 months, are much lower ranging from 0% to 20%. Taxpayers in the 25-35% brackets pay LTCG rates of 15%.

The profit on rental property enjoys the lower long-term capital gains rates as compared to the profit on “flipped” property which is taxed at ordinary income rates.

Investments in rental homes generate income, provide depreciation for tax shelter, have equity build-up due to the amortizing loan, leveraged growth due to the borrowed funds and appreciation. The profits could be considerably higher than alternative investments and the profits taxed at lower rates.

The advantage is available to people who understand the tax laws and choose to arrange their activities so they pay a minimal amount of tax. The advantage is available to all taxpayers, not just the rich. In fact, implementing these types of strategies could lead to an increase in wealth.

Consider having this discussion with your tax professional.

If you're going to play, GET IN THE GAME

by Morris Pyle Team

If competition is a buyer’s biggest concern, for goodness’ sake, get in the game. In a new survey of close to a thousand home buyers conducted by Redfin, affordability is still the number one concern but due to low inventories, competition from other buyers is moving its way up the poll.

26% identified affordability while 19% mentioned competition and 15% mentioned low inventory as their respective top concerns.get in the game-250.jpg

To win, athletes study the competition to come up with a plan and buying a home is not different.

  1. Ask what terms are important to the seller before you write the offer.
  2. Once you decide to make an offer, do it as fast as you can, hopefully, to be the only one the seller is considering.
  3. Make a good (or possibly, your best) offer in the beginning; you may never get a chance at improving it. In highly competitive situations, offer above the list price.
  4. Attach your pre-approval letter from a respected lender. This means you’ll need to get pre-approved before you even think about writing an offer.
  5. Have your lender call the listing agent to reassure them of your ability to qualify.
  6. Include a higher than normal amount of earnest money to show you are serious.
  7. Eliminate unnecessary contingencies.
  8. Write a personal, hand-written letter telling the seller what you like about their home and why you want it. Consider including pictures of your family.
  9. Minimize seller expenses paid for the benefit of the buyer.
  10. Shorten inspection times.
  11. Don’t ask for personal property.
  12. Be flexible on closing dates to accommodate the seller’s move.

Once you find your dream home, don’t take a chance on losing it. Write a winning offer that will be good for both the sellers and the buyers.

Services don't cost you a cent!

by Morris Pyle Team

That's right. Should I work with you as your REALTOR®, I'll help you find the right home, negotiate the best price, handle the paperwork, and take care of a lot of other details for you too. And my services won't cost you a cent.

How can that be?

Even though I represent you, my services are paid for by the seller.  So you can feel confident working with me without worrying about how much my services will cost.

When you're ready to take the next step, please call or email me anytime.

Morris Pyle RE/MAX Legacy Realty, Fargo, ND 58103
ND License #624, MN License #217013
Cell Phone = 701-238-1652
Email = morrispyle@gmail.com
Web = www.FargoHomesCenter.com

Lake home Featured for you

by Morris Pyle Team

We have a fantastic Lake Home listing that we are featuring this spring that is just begging for somebody new to enjoy.

The Link will show you all the information about this listing!


http://idx.fargohomescenter.com/idx/details/listing/a460/16-337/26241-ANNA-LAKE-Rd-Underwood-MN-56586

Listing Price$315,000

Call or Email us to schedule your showing!
Morris Pyle Team
701-238-1652
morrispyle@gmail.com

 

Displaying blog entries 11-20 of 33

Contact Information

Photo of Morris Pyle Team Real Estate
Morris Pyle Team
RE/MAX Legacy Realty
4342 15th Ave. S., Suite 105
Fargo ND 58103
701-238-1652
701-281-0449