Real Estate Blog - Real Estate

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…

487 Views, 0 Comments

For Sale In Volga South Dakota-407 Lincoln Ln

407 Lincoln Ln, Volga, SD

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

$ Click for current price
4 BEDROOMS | 1 full, 1 ¾ baths BATHROOMS | 1881 SqFt

Beautiful corner lot is perfect for this 4 bedroom, 2 bath home. The large kitchen has a vaulted ceiling, pantry with roll-outs, and island. The dining area has sliding doors to the deck. ALL kitchen appliances are included! A pellet stove in the family room keeps you feeling warm and cozy as fall approaches. The garage has a propane heater and has a concrete pad beside the garage. Sellers have just replaced the garage doors, painted the deck, did some interior paint and had the exterior of…

596 Views, 0 Comments

For Sale in Brookings-2312 Morning Glory Dr.

2312 Morning Glory Dr, Brookings, SD

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

$ Click for current price
4 BEDROOMS | 2 full, 1 ¾ baths BATHROOMS | 2378 SqFt

Meticulously cared for split foyer home has 4 bedrooms & 3 bathrooms and is in a great neighborhood. It's in like new condition and features an open floor plan with tiled back splash, 5 buner gas stove, pantry and soft close drawers/cabinets in the kitchen. ALL the appliances are included! The 3 stall garage in insulated, sheet rocked and heated. The sellers have done a beautiful job with all the landscaping and perennials they have planted, along with adding a paver patio off the…

502 Views, 0 Comments

For Sale in Volga SD

• Property Video
• Description
• Photos
• Maps & Local
• Schools
• Print
• More

$ Click for current price
4 BEDROOMS | 1 full, 1 ¾ baths BATHROOMS | 1881 SqFt

Beautiful corner lot is perfect for this 4 bedroom, 2 bath home. The large kitchen has a vaulted ceiling, pantry with roll-outs, and island. The dining area has sliding doors to the deck. ALL kitchen appliances are included! A pellet stove in the family room keeps you feeling warm and cozy as fall approaches. The garage has a propane heater and has a concrete pad beside the garage. Sellers have just replaced the garage doors, painted the deck, did some interior paint and had the exterior of the house professionally painted two…

551 Views, 0 Comments

Should You Buy an Existing Home or New Construction?

Finding the right home to purchase today is one of the biggest challenges for potential buyers. With so few homes for sale and construction of newly built homes ramping up, you may be wondering if you should consider new construction in your search process. It’s a great question to ask, and one to look at from the pros and cons of what it means to buy a new home versus an existing one. Here are a few things to consider when making the best decision for your family.

New Construction  

When buying a new home, you can often choose more energy-efficient options. New appliances, new windows, a new roof, etc. These can all help lower your energy costs, which can add up to significant savings over time. With programs like ENERGY STAR, your home…

488 Views, 0 Comments

Aurora Home For Sale

209 Audra Dr, Aurora, SD

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

$ Click for current price
4 BEDROOMS | 2 full, 1 ¾ baths BATHROOMS | 2176 SqFt

JUST LIKE NEW, BUT WITH ALL THE EXTRAS! This Split Level home is barley broken in, so why pay new price, when you can have it all right now. Fully finished with a 10x10 deck and a yard full of grass. This home has an extra large foyer to fit a small party, access to the 3 stall garage and an extra coat closet. Take the party upstairs and entertain with the open floor plan of the Kitchen, Dining Room and Living Room. Later, you can take it downstairs to the large Family Room, or an option to…

563 Views, 0 Comments

Forbearance Numbers Are Lower than Expected

Originally, some housing industry analysts were concerned that the mortgage forbearance program (which allows families to delay payments to a later date) could lead to an increase in foreclosures when forbearances end. Some even worried that we might relive the 2006-2008 housing crash all over again. Once you examine the data, however, that seems unlikely.

As reported by Odeta Kushi, Deputy Chief Economist for First American:

“Despite the federal foreclosure moratorium, there were fears that up to 30% of homeowners would require forbearance, ultimately leading to a foreclosure tsunami. Forbearance did not hit 30%, but rather peaked at 8.6% and has been steadily falling since.”

According to the most current data from Black…

559 Views, 0 Comments

Just How Strong Is the Housing Recovery?

The residential real estate market has definitely been the shining light in this country’s current economic situation. All-time low mortgage rates coupled with a new appreciation of what a home truly means has caused the housing market to push forward through this major health crisis. Let’s look at two measures that explain the resilience of the real estate market.

Purchase Mortgages

The number of buyers getting a mortgage to purchase a home is a strong indicator of the strength of a housing market. Below is a graph of the week-over-week percent change in that number, as reported by the Mortgage Bankers’ Association:

The number dropped dramatically in March and mid-April when the economy was shut down in response to COVID. It…

493 Views, 0 Comments

Sellers Are Returning to the Housing Market

In today’s housing market, it can be a big challenge for buyers to find homes to purchase, as the number of houses for sale is far below the current demand. Now, however, we’re seeing sellers slowly starting to come back into the market, a bright spark for potential buyers. Javier Vivas, Director of Economic Research at realtor.com, explains:

“Seller confidence has been improving gradually after reaching its bottom in mid-April, and now it appears to have reached an important recovery milestone…After five long months, sellers are back in the housing market; while encouraging, the improvement to new listings is only the first step in the long road to solving low inventory issues keeping many buyers at bay."

Even with the number of…

437 Views, 0 Comments