October 2019

Found 15 blog entries for October 2019.

1926 Oriole Trl, Brookings, SD

Get Directions Click Here OPEN HOUSE Sat, 10:00AM to 11:30AM
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4 BEDROOMS | 3 Baths (3 full ) BATHROOMS | 2512 SqFt

HERE IS A HOME YOU CAN TWEET ABOUT! Sitting on a great corner lot in a desirable Brookings location. This growing area is close to Brookings newest school, soccer park and the Depot C-Store. This home has a semi open Living Room/Dining Room & Kitchen area. With over 2500 finished sq. ft, every room is generous in size. Main Level Laundry, Heated Garage and a beautiful stone tiled patio round off this well maintained home. 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 Justin Froiland from Fairway Mortgage. Listen as Justin explains, from his point of view, the importance of using a real estate agent for your transactions. You can reach Justin at 605.695.1429 or justin.froiland@fairwaymc.com.  His office is located at 412 5th St., Brookings SD 57006 or on the web at www.BrookingsMortgage.com 

 

 Why Work with a Real Estate Agent?

 

- Good morning, everybody! Shane here from the Brookings Home Team, powered by Century 21. It is Monday morning, 8:15. We're getting ready

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3 Signs the Housing Market Is on the Rebound | MyKCM

The residential real estate market has been plodding along for most of the year. However, three recent reports show the market may be on the verge of a rebound:

1. Existing Home Sales (closed sales) are up, marking two consecutive months of growth.

2. Pending Home Sales (contracts signed) are up with each of the four major regions reporting both month-over-month growth and year-over-year gains in contract activity. Here is the month-over-month growth:

  • The Northeast rose 0.7%

  • The Midwest increased 0.6%

  • The South increased 1.4%

  • The West grew 3.1%

3. Buyer Traffic (the number of people shopping for a home) is up compared to the same time last year, and for the first time in 13 months.

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iBuyers: What Is the “Cost of Convenience” When Selling Your Home? | MyKCM

When thinking about selling their house, homeowners have many options. A relatively new option is using an “iBuyer.” What is an iBuyer?

According to Jovio, the definition is:

“A company or investor that uses Automated Valuation Models (AVMs) to make instant offers on homes. It allows sellers to close on a property quickly. Once sold, the company then turns around and resells the home for a profit.”

Today, there are many iBuyer companies such as OfferPad, Zillow Offers, Knock, Opendoor, and Perch. Even some more traditional companies offer the same or similar services (ex. Keller Williams, Redfin, Realogy). Ivy Zelman reported in her ‘Z’ Report that some traditional brokers are partnering with some of the larger iBuyers too:

“Keller

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Top Priorities When Moving with Kids | MyKCM

According to the Pew Research Center, around 37% of U.S students will be going back to school soon and the rest have already started the new academic year. With school-aged children in your home, buying or selling a house can take on a whole different approach when it comes to finding the right size, location, school district, and more.

Recently, the 2019 Moving with Kids Report from the National Association of Realtors®(NAR) studied “the different purchasing habits as well as seller preferences during the home buying and selling process.” This is what they found:

When Purchasing a Home

The major difference between the homebuyers who have children and those who do not is the importance of the neighborhood. In fact, 53% said the

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907 6th St, Brookings, SD

Get Directions Click Here OPEN HOUSE Thu, 5:00PM to 6:30PM
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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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1823 Oriole Trl, Brookings, SD

Get Directions Click Here OPEN HOUSE Thu, 5:00PM to 6:30PM
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$ Click for current price
5 BEDROOMS | 4 Baths (3 full, 1 half ) BATHROOMS | 3555 SqFt

ONE OF A KIND! This stunning home has all your amenities and room for more. Walk into the tiled grand entry and see the beautiful stairway to the 2nd floor. The main level includes a chef like kitchen with Corian counter tops and cabinets forever. Get toasty by the Gas fireplace in the open Living Room. Or maybe read a book with your morning coffee in the Formal sitting room. The 2nd Story has 5 bedrooms including the Master Suite with new carpet and

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What’s the Latest on Interest Rates? | MyKCM

Mortgage rates have fallen by over a full percentage point since Q4 of 2018, settling at near-historic lows. This is big news for buyers looking to get more for their money in the current housing market.

What’s the Latest on Interest Rates? | MyKCM

According to Freddie Mac’s Primary Mortgage Market Survey,

“the 30-year fixed-rate mortgage (FRM) rate averaged 3.60 percent, the lowest it has been since November 2016.”

Sam Khater, Chief Economist at Freddie Mac, notes how this is great news for homebuyers. He states,

“…consumer sentiment remains buoyed by a strong labor market and low rates that will continue to drive home sales into the fall.”

As a potential buyer, the best thing you can do is work with a trusted advisor who can help you keep a close eye on how the

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Experts Predict a Strong Housing Market for the Rest of 2019 | MyKCM

We’re in the back half of the year, and with a decline in interest rates as well as home price and wage appreciation, many are wondering what the predictions are for the remainder of 2019.

Here’s what some of the experts have to say:

Ralph McLaughlin, Deputy Chief Economist for CoreLogic

“We see the cooldown flattening or even reversing course in the coming months and expect the housing market to continue coming into balance. In the meantime, buyers are likely claiming some ground from what has been seller’s territory over the past few years. If mortgage rates stay low, wages continue to grow, and inventory picks up, we can expect the U.S. housing market to further stabilize throughout the remainder of the year.”

Lawrence

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How Property Taxes Can Impact Your Mortgage Payment | MyKCM

When buying a home, taxes are one of the expenses that can make a significant difference in your monthly payment. Do you know how much you might pay for property taxes in your state or local area?

When applying for a mortgage, you’ll see one of two acronyms in your paperwork – P&I or PITI – depending on how you’re including your taxes in your mortgage payment.

P&I stands for Principal and Interest, and both are parts of your monthly mortgage payment that go toward paying off the loan you borrow. PITI stands for Principal, Interest, Taxes, and Insurance, and they’re all important factors to calculate when you want to determine exactly what the cost of your new home will be.

TaxRates.org defines property taxes as,

“A municipal tax

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