How Many Reasons do You Need to Buy a Home this Spring? Here are 4.

Spring has sprung, and it’s a great time to buy a home! Here are four reasons to consider buying today instead of waiting.

1. Prices Will Continue to Rise

CoreLogic’s latest U.S. Home Price Insights reports that home prices have appreciated by 4.4% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.6% over the next year.

Home values will continue to appreciate for years. Waiting no longer makes sense.

2. Mortgage Interest Rates Are Projected to Increase

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year fixed rate mortgage came in at 4.41% last week. Most experts predict that rates will rise over the next 12 months. The Mortgage Bankers…

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#78 Monday Morning Mortgage Tip: Barb Adelaine with BankStar

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 explained the different options home buyers have with low down payment loans.  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 

Low Down-Payment Loan Options

Good morning everybody, Shane here from the Brookings Home Team, powered by Century 21. 8:15 Monday mornin', that must mean it's Monday Morning Mortgage Tip. And I've got Barb sitting right next to me…

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Are Home Prices Coming in Soft?

Home prices have appreciated considerably over the last five years. This has some concerned that we may be in for another dramatic correction. However, recent statistics suggest home values will not crash as they did a decade ago. Instead, this time they will come in for a soft landing.

The previous housing market was fueled by an artificial demand created by mortgage standards that were far too lenient. When this demand was shut off, a flood of inventory came to market. This included heavily discounted distressed properties (foreclosures and short sales).

Today’s market is totally different. Mortgage standards are tighter than they were prior to the last boom and bust. There is no fear that a rush of foreclosures will come to market.…

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OPEN HOUSE March 16th from 10-11:30

328 22nd Ave S, Brookings, SD Get Directions Click Here Description Features Photos Maps & Local Schools Walk Score $ Click for current price 3 BEDROOMS 2 BATHROOMS (1 full, 1 ¾ bath) 2028 Square Feet 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,…

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Confused with the Home Buying Lingo?

Buying a home can be intimidating if you are not familiar with the terms used during the process. To start you on your path with confidence, we have compiled a list of some of the most common terms used when buying a home.

Freddie Mac has compiled a more exhaustive glossary of terms in their “My Home” section of their website.

Annual Percentage Rate (APR) – This is a broader measure of your cost for borrowing money. The APR includes the interest rate, points, broker fees and certain other credit charges a borrower is required to pay. Because these costs are rolled in, the APR is usually higher than your interest rate.

Appraisal – A professional analysis used to estimate the value of the property. This includes examples of sales of…

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I Think 2019 Will Be a Great Year for Buyers AND Sellers

Many homeowners believe that rising interest rates and home prices have scared away buyers and therefore have not listed their houses for sale. However, the truth is that buyers who were unable to find a home last year are out in force, and there are even more coming!

NerdWallet’s 2018 Home Buyer Report revealed that:

“Approximately one-third (32%) of Americans plan to purchase a home in the next five years. Millennials are most likely to have such a purchase in their five-year plan (49%), versus 35% of Generation X and 17% of baby boomers.”

As we can see, buyers are optimistic! According to the report, here are the top reasons Americans plan to buy:

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#77 Monday Morning Mortgage Tip: Justin Froiland with Fairway Mortgage

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 the importance of researching credit repair companies prior to working with someone to build up your credit.  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 

 Researching "Credit Repair" Companies

- Good morning everybody, Shane here from the Brookings Home Team powered by Century 21. Apologize, we are a…

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How to Have a Unique Open House

According to the National Association of Realtors, total inventory has been growing for six months straight, as has the number of buyers looking to find their dream home. In a market where inventory is increasing, you want to stand out in the crowd!

This quote from Grandscope puts it well:

“You can differentiate from competition by WOWing or exciting customers, not just trying to compete on price.”

What better way than to be creative with your Open House!

Here are a few ideas for how to do this in this era of technology.

1) Facebook Live Virtual Open House

This can also work as a ‘preview’ before an official Open House. Let your agent walk potential buyers through your home using a webcam or cell phone, highlighting the…

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Daktronics Turned 50!

This week, I’m going to tell you a little bit about a local business that started in a garage just off main street in Brookings – Daktronics. It was founded in 1968 by two South Dakota State University professors – Al Kurtenbach and Duane Sander. Little known fact, when they started the business they didn’t have a product!

 In their early years, they looked at making medical equipment before seeing the need for an electronic voting system. Next, they were asked to design an electronic scoreboard for wrestling. The Matside, a three-sided truncated pyramid, was born and the rest, as they say, is history.

 Daktronics is now a world-leading designer and manufacturer of scoreboards, large scale video displays, digital billboards and message…

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#76 Monday Morning Mortgage Tip: Andrew Jallo with Dacotah Bank

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 Andrew Jallo from Dacotah Bank and discussed loan estimates. You can reach Andrew at 605.692.8600 or Andrew.Jallo@dacotahbank.com.  His office is located at 1441 6th St., Brookings SD 57006 or on the web at www.dacotahbank.com.

 What is a Loan Estimate? 

- Good morning everybody, how you doing? Shane here from the Brookings Home Team powered by Century 21. It's Monday morning, 8:15 on the dot. We're right on time, it's not a holiday, so this guy is working his regular Monday shift, so thank you for…

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