Real Estate Blog - Home Buyer

Open House-1329 3rd St-Brookings

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6 BEDROOMS | 3 Baths (3 full ) BATHROOMS | 1632 SqFt

Check out this 1 1/2 story home that sits on a 100' x 175' lot in the Hillcrest area. It features 6 bedrooms and 3 full bathrooms. The Sellers have replaced most of the windows, updated the electrical, installed drain tile and refinished the hard wood floors. Make sure to see the list of improvements. This property is a registered duplex.Call today to set up an appointment to see this property!

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Top Reasons to Own Your Home

Some Highlights

• June is National Homeownership Month, and it’s a great time to consider the benefits of owning your own home.

• If you’re in a position to buy, homeownership might help you find the stability, community, and comfort you’ve been searching for this year.

• Let’s connect today to determine if homeownership is the right next step for you and your family.

Thinking of selling and/or moving to Brookings, Volga, or any surrounding areas? Got questions? I’m here to help! Visit BrookingsHomeTeam.com for more details!

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Why This Summer is the 2020 Real Estate Season

With stay-at-home orders starting to gradually lift throughout parts of the country, data indicates homebuyers are jumping back into the market. After many families put their plans on hold due to the COVID-19 pandemic, what we once called the busy spring real estate season is shifting into the summer. In 2020, summer is the new spring for real estate.

Joel Kan, Economist at The Mortgage Bankers Association (MBA) notes:

“Applications for home purchases continue to recover from April’s sizable drop and have now increased for five consecutive weeks…Government purchase applications, which include FHA, VA, and USDA loans, are now 5 percent higher than a year ago, which is an encouraging turnaround after the weakness seen over the past two…

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Open House at 3707 Main Ave S.-Brookings

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3 BEDROOMS | 3 Baths (1 full, 1 half, 1 ¾ bath ) BATHROOMS | 2064 SqFt

BEST OF ALL WORLDS!! Like the acreage setting, want to be close to town and you want horses? You can have all of that with this 4 acres property just a couple miles south of Brookings. The split level home is surrounded by many trees for tranquility from the road. Store all your toys and acreage necessities in the 60x36 machine shop. Then slip out to the horse pen to enjoy some summer nights riding around the large, fenced holding area. You get your dream property and…

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Interest Rates Hover Near Historic All-Time Lows

Some Highlights

• Mortgage interest rates have dropped considerably this spring and are hovering at a historically low level.

• Locking in at a low rate today could save you thousands of dollars over the lifetime of your home loan.

• Let’s connect to determine the best way to position yourself for a move in today’s market.

Thinking of selling and/or moving to Brookings, Volga, or any surrounding areas? Got questions? I’m here to help! Visit BrookingsHomeTeam.com for more details!

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Housing Market Positioned to Bring Back the Economy

All eyes are on the American economy. As it goes, so does the world economy. With states beginning to reopen, the question becomes: which sectors of the economy will drive its recovery? There seems to be a growing consensus that the housing market is positioned to be that driving force, the tailwind that is necessary.

Some may question that assertion as they look back on the last recession in 2008 when housing was the anchor to the economy – holding it back from sailing forward. But even then, the overall economy did not begin to recover until the real estate market started to regain its strength. This time, the housing market was in great shape when the virus hit.

As Mark Fleming, Chief Economist of First American, recently explained:

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2020 Homeowner Wish List

2020 Homeowner Wish List

Some Highlights

• In a recent study by realtor.com, homeowners noted some of the main things they would change about their homes to make them more livable.

• Not surprisingly, more space, an updated kitchen, and a home gym rose to the top of the list.

• If you’re thinking of selling this year, having these items in your listing might make your house more desirable than ever to potential buyers.

Thinking of selling and/or moving to Brookings, Volga, or any surrounding areas? Got questions? I’m here to help! Visit BrookingsHomeTeam.com for more details!

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Will Home Values Appreciate or Depreciate in 2020?

With the housing market staggered to some degree by the health crisis the country is currently facing, some potential purchasers are questioning whether home values will be impacted. The price of any item is determined by supply as well as the market’s demand for that item.

Each month the National Association of Realtors (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for the REALTORS Confidence Index.

Their latest edition sheds some light on the relationship between seller traffic (supply) and buyer traffic (demand) during this pandemic.

Buyer Demand

The map below was created after asking the question: “How would you rate buyer traffic in your area?”

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Buying a Home Right now; Easy? No. Smart? Yes.

Through all the volatility in the economy right now, some have put their search for a home on hold, yet others have not. According to ShowingTime, the real estate industry's leading showing management technology provider, buyers have started to reappear over the last several weeks. In the latest report, they revealed:

“The March ShowingTime Showing Index® recorded the first nationwide drop in showing traffic in eight months as communities responded to COVID-19. Early April data show signs of an upswing, however.”

Why would people be setting appointments to look at prospective homes when the process of purchasing a home has become more difficult with shelter-in-place orders throughout the country?

Here are three reasons for this…

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Brookings South Dakota 1504 Sequoia Ct

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3 BEDROOMS | 3 Baths (1 full, 1 half, 1 ¾ bath ) BATHROOMS | 3024 SqFt

SOCIAL DISTANCING GALORE! This gorgeous, 1987 home is almost on its own island. in a desirable neighborhood, on a cul-de-sac lot that is over 37,000 sq. ft. This home has over 3000 finished sq. ft. and another 1,100 unfinished in the lower level. The elegant kitchen was updated in 2015 to include Cambria quartz counter tops, tile back splash and pull out drawers. The Master Bath was just updated with Heated Tile floors, Tile shower, roomy Soaker Tub and His & Her Sinks/Counters. Upstairs you can look down on…

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