Making an Offer on Real Estate
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January 6th, 2009
By Art Gib
So, you’ve found the perfect house in the perfect neighborhood, and you’re ready to buy. The next step you’ll take with the help of your real estate agent is to make an offer on the property.
Making an offer can seem like high stress negotiation, but when you know the basics, you and your real estate agent can submit an o….
Choosing the Right Neighborhood for You
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January 6th, 2009
By Art Gib
Once you’ve decided to purchase real estate, and once you’ve decided on the right type of house for you, the next decision to make is where you want to live.
Choosing a neighborhood is almost as important as choosing the home itself, and should have a lot of thought put into it. Even the most wonderful dream house won’t work out if….
The U.S. Housing and Economic Recovery Act
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January 4th, 2009
By Brian S. Icenhower
On July 30, 2008 United States President George W. Bush signed into law the Housing Stimulus Bill H.R. 3221, now dubbed the Housing and Economic Recovery Act of 2008. This historic bill was previously passed in the House of Representatives by a vote of 272-152 and in the Senate by a vote of 72-1….
Five Years in Review: The Minneapolis Real Estate Market
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January 3rd, 2009
By Kevin Curtis
Poised on top of the real estate mountain in 2003, it’s hard to imagine so much change in the Minneapolis real estate market in the last five years. While the bubble has certainly burst and it’s no longer a seller’s market, key elements like long-term value of Minneapolis real estate as an investment and the quality of life available to residents has not changed. Even after five years of change, the world of Minneapolis real estate is still a great place to buy a home for you and your f….
Housing Market Bottom - Price-to-Rent Ratio Estimates
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January 2nd, 2009
By Lawrence Roberts
Comparative rent is the primary method of evaluating the fundamental value of any property. The price-to-rent ratio links the cost of ownership with the cost of rental. This link is direct because possession of property can be obtained by either method. The cost of ownership encapsulates all of the financing terms and other variables associated with possession of real estate as does the cost of rental….