Real Estate Blog - Buyer

More Generations Are Living Under One Roof This Year

This year challenged us to reprioritize everything - from the way we use our time to where we work, how we socialize and gather together, and our needs at home. For many, this also meant making decisions about how to best support and engage with our extended families, near and far.

In some cases, we weren’t able to see our relatives and loved ones who were living in senior facilities. In others, maybe older children moved back home. Jessica Lautz, Vice President of Demographics and Behavioral Insights for the National Association of Realtors (NAR), says:

“A lot of families have an aging senior relative who was living independently or in senior care and wanted to move them into their home.”

These changes led more homebuyers to…

474 Views, 0 Comments

Why It's Important to Price Your House Right Today

Even in today’s sellers’ market, setting the right price for your house is one of the most valuable things you can do. According to the U.S. Economic Outlook by the National Association of Realtors (NAR), existing home prices nationwide are forecasted to increase by 4.5% in 2021. This means experts anticipate home values will continue climbing next year. Danielle Hale, Chief Economist for realtor.com, notes:

“We expect price gains to ease somewhat in 2021 and end 5.7% above 2020 levels, decelerating steadily through the spring and summer, and then gradually reaccelerating toward the end of the year.”

How to Price Your House

When it comes to setting the right price for your house, the goal is to increase visibility and drive more…

551 Views, 0 Comments

Homes for Sale are Rapidly Disappearing

Through all the challenges of 2020, the real estate market has done very well, and purchasers are continuing to take advantage of historically low mortgage rates. Realtor Magazine just explained:

“While winter may be typically a slow season in real estate, economists predict it isn’t likely to happen this year…Low inventories combined with high demand due to record-low mortgage rates is sending buyers to the market in a flurry.”

However, one challenge for the housing industry heading into this winter is the dwindling number of homes available for sale. Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), recently said:

"There is no shortage of hopeful, potential buyers, but inventory is historically low.”

497 Views, 0 Comments

For Sale In Iroquois SD

421 S Quapaw St, Iroquois, SD

• Property Video
• Virtual Walking Tour
• Description
• Photos
• Maps & Local
• Schools
• More

• Follow This Home
• Search All Homes For Sale
• Free Home Values
• Mortgage & Refinance

Presented By:

Brookings Home Team

Broker Associate
Century 21 Krogman & Co.
605-691-3023
Licensed In: South Dakota
License #: 14427

• Schedule a Showing/Request Info

$ Click for current price
4 BEDROOMS | 1 full, 1 half, 1 ¾ baths BATHROOMS | 2631 SqFt

A perfect place to call home with this 4 bedroom ranch style home. It features main level laundry, 3 bedrooms on the main level with a master bath and…

493 Views, 0 Comments

Lake Preston Home For Sale

606 3rd St NE, Lake Preston, SD

• Property Video
• Virtual Walking Tour
• Description
• Photos
• Maps & Local
• Schools
• More

• Follow This Home
• Search All Homes For Sale
• Free Home Values
• Mortgage & Refinance

Presented By:

Brookings Home Team

Broker Associate
Century 21 Krogman & Co.
605-691-3023
Licensed In: South Dakota
License #: 14427

• Schedule a Showing/Request Info

$ Click for current price
4 BEDROOMS | 2 full baths BATHROOMS | 2128 SqFt

Looking for the convenience of the city, but want 4.5 acres to enjoy? This property is for YOU! It features 4 bedrooms, 2 bathrooms, office/den and main level laundry…

485 Views, 0 Comments

204 Peterson Ave-Aurora

204 Peterson Ave, Aurora, SD

• Property Video
• Virtual Walking Tour
• Description
• Photos
• Maps & Local
• Schools
• More

$ Click for current price
5 BEDROOMS | 1 full, 1 ¾ baths BATHROOMS | 2316 SqFt

Just like new. This 5 bedroom, 2 bath home has had major improvements in the last few years. Check out this split foyer home with laundry on the foyer level and a door to the spacious backyard. Large double (24 x 26) garage with access door to the backyard. Beautiful hardwood floors in the living room, kitchen and dining area along with 6 panel doors on the ML add a nice touch to this home. The lower level has been completely remodeled and a 5th bedroom added. Check out the list of…

562 Views, 0 Comments

6 Reasons You'll Win by Selling with a Real Estate Agent This Fall

There are many benefits to working with a real estate professional when selling your house. During challenging times, like what we face today, it becomes even more important to have an expert you trust to help guide you through the process. If you’re considering selling on your own, known in the industry as a For Sale by Owner (FSBO), it’s critical to consider the following:

1. Your Safety Is a Priority

Your family’s safety should always come first, and that’s more crucial than ever given the current health situation in our country. When you FSBO, it is incredibly difficult to control entry into your home. A real estate professional will have the proper protocols in place to protect not only your belongings but your family’s health…

500 Views, 0 Comments

Why Pricing Your House Right Is Essential

In today’s real estate market, setting the right price for your house is one of the most valuable things you can do.

According to the U.S. Economic Outlook by the National Association of Realtors (NAR), existing home prices nationwide are forecasted to increase 4.7% in 2020 and 4.1% in 2021. This means experts anticipate home values will continue climbing into next year. Today, low inventory is largely keeping prices from depreciating. Danielle Hale, Chief Economist at realtor.com, notes:

“Looking at the sheer number of buyers, low mortgage rates, and limited sellers, the strength of home prices–which are now growing at the highest pace since January 2018–makes sense.”

When it comes to pricing your home, the goal is to increase…

486 Views, 0 Comments

The Cost of a Home Is Far More Important than the Price

Housing inventory is at an all-time low. There are 39% fewer homes for sale today than at this time last year, and buyer demand continues to set records. Zillow recently reported:

“Newly pending sales are up 25.5% compared to the same week last year, the highest year-over-year increase in the weekly Zillow database.”

Whenever there is a shortage in supply of an item that’s in high demand, the price of that item increases. That’s exactly what’s happening in the real estate market right now. CoreLogic’s latest Home Price Index reports that values have increased by 5.5% over the last year.

This is great news if you’re planning to sell your house; on the other hand, as either a first-time or repeat buyer, this may instead seem like…

448 Views, 0 Comments

Why Is It so Important to Be Pre-Approved in the Homebuying Process?

You may have heard that pre-approval is a great first step in the homebuying process. But why is it so important? When looking for a home, the temptation to fall in love with a house that’s outside your budget is very real. So, before you start shopping around, it’s helpful to know your price range, what you’re comfortable within a monthly mortgage payment, and ultimately how much money you can borrow for your loan. Pre-approval from a lender is the only way to do this.

According to a recent survey from realtor.com, many buyers are making the mistake of skipping the pre-approval step in the homebuying process:

“Of over 2,000 active home shoppers who plan to purchase a home in the next 12 months, only 52% obtained a pre-approval letter…

499 Views, 0 Comments