July 2019

Found 22 blog entries for July 2019.

 

Know What to Expect at Your Home Inspection | MyKCM

So you made an offer and it was accepted. Now, your next task is to have the home inspected prior to closing. Agents oftentimes make your offer contingent on a clean home inspection.

This contingency allows you to renegotiate the price you paid for the home, ask the sellers to cover repairs, or in some cases, to walk away. Your agent can advise you on the best course of action once the report is filed.

How to Choose an Inspector

Your agent will most likely have a short list of inspectors that they have worked with in the past that they can recommend to you. HGTV recommends that you consider the following five areas when choosing the right home inspector for you:

1. Qualifications – find out what’s included in your inspection and if

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Every Monday Morning at 8:15am, join me on my Facebook page as I sit down with a local lender, and do a live interview and talk about a Mortgage Tip that may help YOU with your next Real Estate Purchase. 

This morning I sat down with Mark Waterman from Great Western Bank. Listen in as Mark gives a brief explanation of the different refinancing options available to current homeowners. You can reach him at 605.627.0602 or Mark.Waterman@GreatWesternBank.com  His office is located at 1302 6th St., Brookings SD 57006 or on the web at www.GreatWesternBank.com

 

Refinancing Options

 

 

- All right good morning everybody, Shane here from the Brookings Home Team powered by Century 21. And as normal, it's Monday, it's 8:15. And I've got this

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What You Need to Know About Private Mortgage Insurance (PMI)

What You Need to Know About Private Mortgage Insurance (PMI) | MyKCM

Whether it is your first time or your fifth, it is always important to know all the facts when it comes to buying a home. With the large number of mortgage programs available that allow buyers to purchase homes with down payments below 20%, you can never have too much information about Private Mortgage Insurance (PMI).

What is PMI?

Freddie Mac defines PMI as:

“An insurance policy that protects the lender if you are unable to pay your mortgage. It's a monthly fee, rolled into your mortgage payment, that is required for all conforming, conventional loans that have down payments less than 20%.

Once you've built equity of 20% in your home, you can cancel your PMI and remove

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328 22nd Ave S, Brookings, SD

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3 BEDROOMS | 2 Baths (1 full, 1 ¾ bath ) BATHROOMS | 2028 SqFt

STOP RENTING AND LOOK AT THIS! Chances are that current monthly rent payment could be the same as a monthly house payment for this home. It''s been almost 30 years since this home has had a new owner, and if you are on the fence about buying, take a peek at this 1971, Ranch home with 3 Bedrooms and 2 bathrooms. New flooring and some new paint, plus a 3 Season Room to include a Hot Tub for those long days or entertaining. Close to Parks & Shopping. Call

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907 6th St, Brookings, SD

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5 BEDROOMS | 3 Baths (1 full, 2 ¾ bath ) BATHROOMS | 2671 SqFt

FIT FOR A KING! You have driven by it many times. It has been a majestic site for many, many years. And now it is your chance to have a little piece of history. Starting with the Carriage house, or detached garage now. Then the added attached double stall garage. As you tour this grand home, notice the hardwood floors through out. Kick up your feet in the Living Room, or Family room on the Main Level. Entertain in the formal dining room next to the beautiful

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3 BEDROOMS | 2 Baths (2 full ) BATHROOMS | 1323 SqFt

THIS IS FOR YOU! Have you been looking for a Ranch home and everything is on 1 Level? If so, you can stop looking and put yourself in this 3 Bedroom, 2 Bath home. Over 1300 finished sq. ft. with a 2 stall, heated garage. And once in a while, when you are sitting on the back patio, you just might see a deer or two walking by. Call Today For A Personal Showing!

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Every Monday Morning at 8:15am, join me on my Facebook page as I sit down with a local lender, and do a live interview and talk about a Mortgage Tip that may help YOU with your next Real Estate Purchase. 

This morning I sat down with Barb Adelaine from BankStar. Today, she expanded on the different closing costs for buyers.  You can reach Barb at 605.696.8562 or barb.adelaine@bankstar.com.  Her office is located at 1301 6th St., Brookings SD 57006 or on the web at www.ebankstar.com 

 

Buyer's Closing Costs

 

- Good morning everybody, Shane here from the Brookings Home Team, powered by Century 21. Monday morning again. I can't believe the weekends, they just fly on by anymore. So it is Monday morning. I got Barb here with Bank Star,

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Young First-Time Buyers Are Saving for Their Dream Homes | MyKCM

 

Young buyers (Millennials & Gen Z) have waited longer than previous generations to enter the housing market for their first home. However, this hasn’t stopped them from dreaming about the home they will eventually buy. Many spend hours searching listings and building Pinterest boards of their favorite home features.

According to a survey from Open Listings, 70% of single renters are more likely to spend their Sunday nights swiping through house listings than dating profiles.

All that time window shopping has led 45% of millennials to expect the first home they buy to be their “dream home”! They are willing to wait longer, save more for a larger down payment, and are pickier about the listings they want to tour and the features that they

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2 Myths Holding Back Home Buyers | MyKCM

Freddie Mac recently released a report entitled, “Perceptions of Down Payment Consumer Research.” Their research revealed that,

“For many prospective homebuyers, saving for a down payment is the largest barrier to achieving the goal of homeownership. Part of the challenge for those planning to purchase a home is their perception of how much they will need to save for the down payment…

…Based on our recent survey of individuals planning to purchase a home in the next three years, nearly a third think they need to put more than 20% down.”

Myth #1: “I Need a 20% Down Payment”

Buyers often overestimate the funds needed to qualify for a home loan. According to the same report:

22% of renters and 31% of homeowners believe lenders

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4 BEDROOMS | 5 Baths (1 full, 2 half, 2 ¾ bath ) BATHROOMS | 3896 SqFt

IT REALLY IS THAT GORGEOUS! Do you like a mature neighborhood? Do you like an older home, with a new construction feel? How about a Kitchen with Cherry Cabinets, under-counter lighting & corian counter tops. Do you like over 3000 finished sq. ft. that has 4 bedrooms, 5 bathrooms and room to entertain for days? There are so many more questions that I could ask you, that will check off ALL of your boxes. See for yourself this grand home in a cul-de-sac location in the heart of

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