5 Things That Can Kill a Home Sale (and How to Avoid Them) in Brookings, SD

Selling your home in Brookings, South Dakota can be an exciting process… until something unexpected shows up and throws a wrench into the deal.

And trust me, it happens more often than people think.

At Home Team 605 pwrd by Krogman & Company Real Estate, we’ve seen deals go smooth… and we’ve seen deals fall apart at the finish line.

The good news? Most of these issues are preventable.

Let’s break down the 5 biggest deal killers in today’s Brookings real estate market — and how to stay ahead of them.

???? 1. Inspection Surprises

This is the big one.

A buyer gets an inspection, and suddenly:

• Roof concerns
• HVAC issues
• Electrical updates
• Foundation questions

Now emotions kick in, negotiations get tense, and…

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3 Must-Do’s for First-Time Home Buyers

Buying your first home is exciting, but it can also be a little nerve-wrecking because it’s something you’ve never done before. And trying to think of everything you need to do can feel like a lot. But here’s the key.

You don’t have to figure everything out on your own. And you don’t have to do it all at once. Just tackle it one thing at a time.

Here’s a simple list of 3 main things you should focus on to help you get started.

1. Assemble Your Team: Don’t Do This Alone

Buying a home is a team sport. And having the right professionals by your side can make a world of difference. Here’s who you need to find: 

• A local real estate agent is your guide from the first showing to closing day. They’ll make sure you understand all the…

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The #1 Reason Buyers Walk Away (And How To Get Ahead of It)

You may have seen headlines on social saying the number of buyers backing out of their contracts is on the rise – and has recently reached a high not seen since 2017. That can sound intimidating. But it varies a lot by market.

And here’s the key thing to understand if you want to sell. A lot of the time, there’s one common cause. And it’s something you can actually control.

Here’s what you can do to get ahead of the biggest dealbreaker before it ever becomes a problem.

The Top Dealbreaker: Issues That Pop Up During the Inspection

A Redfin survey shows over 70% of recently cancelled contracts happened because of issues during the home inspection (see graph below): 

And that makes sense. Because today’s buyers have something they…

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Open House - 508 E Wye Mesa, Brookings

508 E Wye Mesa, Brookings, SD

Open House

• 3D Virtual Tour
• Lifestyle Video
• Property Video
• Description
• Photos
• Marketing Your Home
• More

WYE not look at this mobile home? Located in the highly desirable Western Estates Mobile Home Park, 508 E Wye Mesa sits in a unique neighborhood layout that feels more like a traditional home development than a mobile home community. This 3 bedroom, 2 bath home offers over 1,200 sq. ft. of comfortable living space and a welcoming layout to enjoy. Residents appreciate the pet-friendly environment, neighborhood park area, and scenic pond nearby. You'll also love being just minutes from the bike trails, Dakota Nature…

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New Listing and Open House - 217 Hickory St, Brookings

217 Hickory St, Brookings, SD

Open House

• 3D Virtual Tour
• Lifestyle Video
• Property Video
• Description
• Photos
• Marketing Your Home
• More

Welcome to 217 Hickory Street in Brookings, South Dakota, located in the desirable River Ridge Addition! This split-level walkout home built in 2005 offers over 3,000 finished sq ft with 5 bedrooms and 3 bathrooms. The kitchen is the heart of the home featuring an 8x8 island, double pantries, and tile backsplash. Enjoy vaulted ceilings, a gas fireplace, and a bow window that fills the living room with natural light. The primary suite includes dual sinks, a jetted tub, and separate shower. Step…

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New Listing - 24143 473rd Ave, Dell Rapids

24143 473rd Ave, Dell Rapids, SD

Just Listed

• Lifestyle Video
• 3D Virtual Tour
• Property Video
• Description
• Photos
• Marketing Your Home
• More

Escape to country living just minutes north of Dell Rapids SD with this beautiful 5-acre property offering space, comfort, and rural charm. This 2-story home features 3 bedrooms and 3 bathrooms, with a bathroom on each level. The main floor showcases wood flooring, 9-foot ceilings, wood columns, and an inviting living and dining area. Step through French doors to a 16x16 screened deck with ceiling fan, ideal for relaxing summer evenings. The walk-out lower level offers a family room with heated…

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One Key Sign We’re Not Headed for a Wave of Foreclosures

Foreclosures are ticking up. And that may make your mind jump straight to thoughts of 2008 – specifically to what happened to the market during the housing crash. So, let’s do exactly what your brain already wants to do, and see if there’s any connection there.

The simple truth is foreclosure filings are rising. But they’re nowhere near crisis levels. And that’s not where they’re headed either. Here’s why.

Take a look at serious delinquencies – loans where the homeowner is more than 90 days late on their mortgage payments.

While those have increased slightly, data from the New York Fed shows they still remain low. And they aren’t anywhere close to levels seen when the market crashed (see graph below):

Right now, about 1% of mortgages…

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If Your House Isn’t Getting Offers, Read This.

Online searches for “can’t sell house” just hit an all-time high according to Google Trends. So, if your house has been sitting on the market without any bites, you’re not the only one. But it's also not the end of the road. 

Homes are selling every day, so you can turn this around. You just need to take another look at your approach.

If you’re feeling this pain, know this: an online search engine isn’t where you should go for your answers. It’s much better to talk to your agent. Because a search engine doesn’t know your market or your house. But your agent does.

While a quick search or an AI platform may give you some tips on what to try, only an expert agent can actually diagnosis what’s going on – and how to fix it.

For example,…

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Should You Wait for Lower Rates?

Mortgage rates have already dropped into the upper 5s twice this year. But after just a few days, they ticked back up into the low 6% range. If you saw that and thought, “Great. I missed it,” you’re not the only one.

A lot of buyers are treating the 5s like some kind of magic number. As if moving from 6.1% to 5.99% suddenly changes everything. And from a mindset perspective, it does feel different.

But here’s the part most people don’t actually run the math on.

The Payment Difference Isn’t What You Think

Let’s say you’re looking at a $500,000 home loan. At 6.1%, generally speaking, your principal and interest payment is roughly $3,030 per month. At 5.9%, it’s about $2,966 per month.

That’s a difference of only $64 a month.

Not…

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Spring Sellers Have an Edge. Here’s Why.

Homeowners looking to sell usually want three things: plenty of interested buyers, strong offers, and a short timeline. Spring is the season that most often delivers all three.

So, if a move has been on your mind this year, this is the window where momentum tends to work in your favor. Here’s what makes this season so powerful for sellers.

1. More Buyers Will Be Looking

Typically speaking, in the housing market, there’s no more popular time to move than the Spring. Historically, data coming out of ShowingTime proves that’s when buyer activity peaks each year. Take a look for yourself (see graph below):

And this year, there’s more than just the seasonal trend working in your favor. Mortgage rates are also sitting near 3-year lows – and…

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