Found 47 blog entries tagged as Home Buyers.

You’ve probably heard it for the past couple years: “It’s a tough time to buy a house.” High mortgage rates. Low inventory. Homes selling faster than your favorite Pizza Ranch buffet on a Sunday.

But here’s the thing… 2025 is shaping up to be a little different. And if you’ve been sitting on the sidelines, this might be the time to lace up your cleats and get in the game.

At the Brookings Home Team pwrd by Century 21 Krogman & Co, we’re seeing signs that the playing field is starting to level for buyers—and we’re not the only ones saying it.

1. More Homes Are Hitting the Market

While we’re not in “unicorn years” inventory levels yet, more sellers are dipping their toes back into the market. That means more choices for you—and less of…

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Did you know that home listings typically slow down as summer ends? It’s a reliable seasonal trend in real estate, but this year, there’s a twist. With mortgage rates dipping at the end of summer, we’re seeing an uncharacteristic boost in new homes hitting the market—right when inventory usually starts to drop.

According to the latest data from Realtor.com, the number of homes listed for sale in September increased by a surprising 11.6% compared to last year. This rise, fueled by more homeowners seizing the opportunity to sell when rates declined, offers Brookings-area buyers more choices than expected for the fall season. Here’s a look at what this means for buyers and why now might be the ideal time to start your home search.


Why Fall…

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The housing market is going through a transition. Higher mortgage rates are causing more moderate buyer activity at the same time the supply of homes for sale is growing.

And if you aren’t working with an agent, you may not realize that. Here’s the downside. If you’re not informed, you can’t adjust your strategy or expectations to today’s market. And that can lead to a number of costly mistakes.

Here’s a look at some of the most common ones – and how an agent will help you avoid them when you sell. 

1. Overpricing Your House

Many sellers set their asking price too high and that’s why there’s an uptick in homes with price reductions today. An unrealistic price will deter potential buyers, cause an appraisal issue, or lead to your house…

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Today’s headlines and news stories about home prices are confusing and make it tough to know what’s really happening. Some say home prices are heading for a correction, but what do the facts say? Well, it helps to start by looking at what a correction means.

Here’s what Danielle Hale, Chief Economist at Realtor.com, says:

 “In stock market terms, a correction is generally referred to as a 10 to 20% drop in prices . . . We don't have the same established definitions in the housing market.”

In the context of today’s housing market, it doesn’t mean home prices are going to fall dramatically. It only means prices, which have been increasing rapidly over the last couple years, are normalizing a bit. In other words, they’re now growing at a…

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512 E Wye Mesa, Brookings, SD

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$ CLICK FOR CURRENT PRICE 3 BEDROOMS 2 BATHROOMS

Get ready to fall in love with this 3-bedroom, 2-bath double wide mobile home. It's located on a spacious lot in a pet-friendly park. The kitchen comes equipped with ALL appliances included-making your move a breeze! Outside, you'll find a freshly stained deck, making a perfect spot for outdoor relaxation. The seller has also added some new mulch, giving the exterior a fresh and welcoming vibe. This home has a nice layout and is looking for it's next owner. Don't let this one slip away, call today to schedule your…

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There’s no arguing this past year has been difficult for homebuyers. And if you’re someone who has started the process of searching for a home, maybe you put your search on hold because the challenges in today’s market felt like too much to tackle. You’re not alone in that. A Bright MLS study found some of the top reasons buyers paused their search in late 2023 and early 2024 were:

  • They couldn’t find anything in their price range
  • They didn’t have any successful offers or had difficulty competing
  • They couldn’t find the right home

If any of these sound like why you stopped looking, here’s what you need to know. The housing market is in a transition in the second half of 2024. Here are four reasons why this may be your chance to…

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What do mortgage rates look like in 2024? Projections point to more favorable rates for buyers. Check out this video to learn more and let us know at the Brookings Home Team how we can serve YOU!

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As mortgage rates drop, more new listings are coming online! This is a bonus for those who are looking to make a move. Hear more about it in this video and let us know here at the Brookings Home Team if you have any questions!

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If you’re planning to buy a home, knowing what to budget for and how to save may sound intimidating – but it doesn’t have to be. One way to ease those concerns is to make sure you understand some of the costs you may encounter up front. And to do that, always turn to trusted real estate professionals. They can help you set a plan and take a strategic look at your budget and your process before you even get started.

Here are just a few things experts say you should be thinking about.

1. Down Payment

Saving for your down payment is likely top of mind as you set out to buy a home. But do you know how much you’ll need? While every buyer’s situation is different, there’s a common misconception that putting 20% of the purchase price down is…

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If you’re thinking about buying a home, you should know your credit score’s a critical piece of the puzzle when it comes to qualifying for a home loan. Lenders review your credit to assess your ability to make payments on time, to pay back debts, and more. It’s also a factor that helps determine your mortgage rate. An article from Bankrate explains:

 “Your credit score is one of the most important factors lenders consider when you apply for a mortgage. Not just to qualify for the loan itself, but for the conditions: Typically, the higher your score, the lower the interest rates and better terms you’ll qualify for.”

This means your credit score may feel even more important to your homebuying plans right now since mortgage rates are a key…

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