Meyer Real Estate Team 's Blog Posts

Which type of loan makes the most sense for me?

Which type of loan makes the most sense for me? There are a lot of different types of loans that you can use in order to purchase a home - let's look at the basic 3 options that are available -

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What are closing costs and how much are they?

What are closing costs and how much are they? It's important to have money saved for a down payment, anywhere from 3%-20%+ when you are buying a home...the more money that you have to "put"

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82,338 Great Reasons to Buy a Home Now

82,338 Great Reasons to Buy a Home NowThe benefits of being a homeowner vs. renting are many:1. Building equity in your home2. The ability to do what you want in your home (you can paint a room

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What's the motivation of moving right now?

What's the Motivation of Moving Right Now?People are moving for multiple reasons currently - the pandemic being a major part of those reasons, along with the low interest mortgage rates - are

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Is Home Price Appreciation Increasing Again?

Is Home Price Appreciation Accelerating Again?  Back in January, industry forecasts were that the appreciation values of a home would slow due to a forecasted increase in inventory...they are

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Q1 2021 Local Real Estate Market Update

Quarter 1 2021 Local Real Estate Market Update At the end of every quarter, I like to take a look at the statistics for the Real Estate market and see how it compares with last time...I've been

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5 Real Estate Myths and the Reality behind them

5 Real Estate Myths Myth #1 - It's better to get pre-approved after you find the perfect home to buy *Reality - You need to be pre-approved before you begin

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How Buying a House Today is Like Bidding at an Auction

The homebuying process hasn't changed much in decades - the seller would try to estimate what the market value of the home is and then tack on a little extra to give themselves some negotiating.

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Are there going to be more homes on the market soon?

Are there going to be more homes on the market soon?  We've been asked this question many times this year already - we are in an inventory shortage however there is hope! Here are 3 key

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How Smart is it to Buy a Home Today?

How Smart is it to Buy a Home Today?  It doesn't matter whether you are thinking of buying your first home or if you are considering "right-sizing" to a different home, it can be a difficult

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What are the Projections for Mortgage Rates?

What are the Projections for Mortgage Rates? We've heard many times about the "historically low mortgage rates" that we've been experiencing for some time. Over the last 50 years, the average

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What are the Benefits of a 20% down payment when buying a home?

What are the benefits of a 20% down payment when buying a home?  There are many options when it comes to the amount needed for a down payment for buying a home - there is as little as 0% down

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6 Don'ts After Applying for a Mortgage

6 Things to Absolutely Not Do After Applying for a Mortgage You've finally found "the perfect" home - have it successfully under contract to make it yours - - you need to talk with the lender

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What Does Record Low Inventory Mean for You?

What Does Record Low Inventory Mean for You?Real Estate is expected to remain very strong in 2021, especially with mortgage rates that are forecasted to continue hovering at historic lows throughout

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Biggest questions our clients are currently asking us

Biggest Questions our Clients are Currently Asking UsBelow are the 4 biggest questions that our team have been asked recently - 1. Is now a good time to sell?  Abso-stinking-lutely it

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What's the difference between an appraisal and an inspection?

What's the difference between an Appraisal and an Inspection? These 2 terms are used when buying or selling a home...I find that clients sometime don't have a clue for what they mean - so let's

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Owning is more affordable than renting

Owning is More Affordable than RentingHow is this possible, you might ask? Those 3 little words that I have come to love - "Low Interest Rates". Well, I love other 3 word phrases as well such as

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Market Snapshot of Quarter 4 2020

Market Snapshot from 4th Quarter of 2020I thought it was time to do a market activity newsletter for 4th quarter - all the numbers are in!!! I just ran reports for the cities of Lakeville, Elko New

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3 Must-Do's when selling your home

3 Must Do's for Selling your HomeHappy New Year!!! While it appears that the 2021 real estate market is picking right up where 2020 left off, it is still very important for sellers to understand

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2020 - A Year in Review

  2020 - Year in ReviewWe all know how crazy 2020 has been - but do you remember ALL of these events? From Australian wildfires, the Duke and Duchess of Sussex (Prince Harry and Meghan

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Holidays aren't slowing the buyers down at all

Holidays aren't slowing the Buyers down at allWe probably are all looking for those "last minute perfect" gifts for our loved ones yet - at least I know that I am! :) This year, buyers are

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What's in store for housing in 2021?

What's in Store for Housing in 2021?I recently read an article in Inman News on what Windemere Chief Economist Matthew Gardner predicts for our housing market in 2021...I think it's fascinating to

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Why should I sell my home using a Realtor?

Why should I sell my home using a Realtor? Quite often, especially in a hot sellers market such as the one that we are in now, we get asked why should someone sell their home through a Realtor

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Market Activity

Happy Thanksgiving!! While this year most certainly looks different for our holiday celebrations, the reason for giving thanks hasn't changed. Mike, Katti and myself are so very thankful for

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Veterans Day

Veterans DayUsually this newsletter is about real estate - stats, how-to's, what does this term mean?, market activity...this week is different...this one is all about the Veterans today! Our

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Two of the Most Important Impacts on Home Equity

Two Important Impacts on Home EquityThere's a continuing rise in the average homeowner's equity, which will help maintain financial stability - the average homeowner gained $9800 in equity in the

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Buyer Interest is Growing Among Younger Generations

Buyer Interest is Growing among Younger GenerationsAs we've all heard, and I've written repeatedly in these newsletters, buyer demand is high this year and inventory is low...who are all of these

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How to prepare for a bidding war now!

How to Prepare for a Bidding War55% of homes sold in August resulted in a bidding war and 69% of homes sold were on the market less than one month...wow! Talk about needing to move

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How much $$ do I need for a down payment?

How much $$ do I need for a down payment?We've talked about this before however I think it is worth revisiting again...down payment and how much is needed to purchase a home? Many first time

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The Cost of a Home is More than just the Price

The Cost of a Home is More than just the PriceWe've all heard about how the home inventory is at an "all-time" low, right? There are 39% less homes available this year than compared with the same

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Where are Home Prices Headed?

Where are Home Prices Headed? Taking a look, nationwide, our home prices have increased on average by 6.5% as compared to the average 12 months ago...wow!!! While everything else seems to have

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The Best Return of Investment when Selling Your Home

The Best Return of Investment when Selling Your HomeWhen selling your home, you don't necessarily need to spend thousands of dollars to update/upgrade to get top dollar - buyers DO expect clean,

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The Real Estate Market continues to CLIMB!!!

The Real Estate Market continues to CLIMB!!Earlier this year, Realtor.com released a "Housing Recovery Index", a weekly guide showing how the pandemic has impacted the residential real estate.

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Parade of Homes is almost here!

Parade of Homes is almost here!Whoop whoop!!! We are about ready to kick off our Fall Parade of Homes in the Twin Cities area!! New construction homes and remodeled homes will be hosting open houses

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How will the Presidential Election Impact the Housing Market?

How will the Presidential Election Impact the Housing Market?Man! 2020 been a year of challenges, right? From fires in Australia, the death of Kobe Bryant, the Covid-19 Pandemic to the riots

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Forbearance numbers are much lower than initially expected - thank goodness!

Forbearance numbers are much lower than initially expected - thank goodness!!Housing industry analysts were concerned that, with the wide-spread unemployment for months due to the pandemic, and the

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Homes are more affordable than they have been in years

Homes are more affordable than they have been in yearsWhy? With the interest rates being at an all time low - you can actually purchase a home that is worth $32,000 MORE than you could

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How is Working Remotely Changing Homebuyers Needs?

How is Working Remotely Changing the Needs of Homebuyers? -Taken from KCM (Keeping Current Matters - a Real Estate blog that I follow) - With more companies figuring out how to efficiently

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Different Terms in Real Estate and What in the World Do They Mean??

Different Terms in Real Estate and What in the World Do They Mean????Let's face it - it's tough to understand terms that are beyond our every day life, right? Well, turns out, buying a home is no

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Record Low Mortgages

Record Low Mortgage RatesSo, I'm sure that you've been hearing about the low mortgage rates - last week, the rate reached an all time low since they started tracking it in 1971 - 3.03%!! WOW!!!

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Buyers - Be Armed and Ready for a Bidding War!

Buyers - Be Armed and Ready for a Bidding War!With so many buyers now in the market for a new home and the severe lack of inventory - I've said this before and I'll say it again - buyers need to be

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When is the Best Time to Sell?

When is the Best Time to Sell?The answer? When competition is at an all-time low...in a recent survey conducted by Qualtrics, 87% of the respondents stated that they were afraid their home

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New Construction to Close the Gap for Home Buyers

New Construction to Close the Gap for Home BuyersLast week, I wrote about how many economists are feeling like we are in starting the recovery phase or at least will be by 3rd quarter...with the

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Is the Economic Recovery Underway?

Is the Economic Recovery Already Underway? The Wall Street Journal just released their latest monthly Survey of Economists - and it is looking good!! 91.2% of the economists surveyed believes

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Buying or Selling your Home? You need a Sherpa!

Buying or Selling your Home? You need a Sherpa!!In a normal real estate market, you need an expert to help you navigate through this process of buying or selling your home...to ensure you price your

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Summer, the 2020 Spring Real Estate Season

Summer the 2020 Spring Real Estate SeasonWhy? Typically Spring is the best and busiest time for Real Estate but as we all have experienced starting in March, this has been anything but typical. With

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Open Houses okay to resume!

Open Houses to OK to resume!!!Good evening to everyone!! It is with a happy heart that I am able to report to you that we are officially back to holding open houses for our listings again,

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Economic Impact of buying a new construction home

                                                      The

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Predictions on the shape of our economic recovery

  Predictions on the shape of our economic recoveryThis current Covid-19 has proven to be a game changer for the entire world - who would have thought that a "little bug" could do so much?

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Coronavirus Mortgage Payment Relief

Think Coronavirus Mortgage Payment Relief Would Help You? The CARES Act allows for struggling families to hold off on making their mortgage payments currently...but at what cost?  The

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Get your Home ready to Sell

Get your home ready to sell now while you are homeBelow is a great infographic to see what you can do right now to get your home ready to sell - while everything else is on hold, why not tackle a

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Recession and the Housing Market

Taking a look at the housing market has always been a great indicator for the economy - yes we may be in a recession currently with this overwhelmingly challenging COVID-19 - however with the

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Economic Impact of Home Sales

Economic Impact of Home SalesThe following article was taken from KCM - Keeping Current Matters, a Real Estate informational blog...I don't think I can say it better than this!- We’re in a

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COVID 19 impact

 With all of the volatility in the stock market and uncertainty about the Coronavirus (COVID-19), some are concerned we may be headed for another housing crash like the one we experienced from

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Locking in a mortgage rate?

Should You Be Ready to Lock In Your Mortgage Rate? Mortgage rates reached the lowest point than it has been in 50 years last week. Some economists are predicting that they could

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Headed for another housing crash?

Are we headed for another housing crash like in 2008? Whenever price appreciation begins to accelerate, the fear of the last housing boom and bust creeps into the minds of the American

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How you can win by "Right Sizing"

  How you can win by "Right Sizing"Let's face it - if you are still in the home that you've raised your family in - chances are that your home has more space than what your current needs

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Seller's Market? Buyer's Market? What market are we currently in?

Seller's Market? Buyer's Market? What market are we in currently?You've most likely have heard that housing inventory is at historic lows as well as the mortgage interest rate...does that mean it's

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Tips for Home Maintainence

Tips for Home MaintenanceWe all have the normal routine of cleaning our homes, but do you have a regular home maintenance plan as well? Whether it's the water heater, the dryer vent or your stone

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Top Renovations for Maximum ROI

Top Renovations for Maximum ROI#1. New Roofing - Buyers may push pause on your home if they think the roof may need to be replaced anytime soon. Make the necessary repair for them, adding

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Top 5 Reasons not to sell your home without a Realtor

Top 5 Reasons not to sell your home without a RealtorWith the rise of home prices along with the lack of current inventory in today's market, many homeowners may consider selling their home on their

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What's the big deal about paint?

What's the big deal about paint?Most of us hate to paint...I absolutely LOVE it! Do you know why? It makes such a huge change to a room, gives it a different feel and truly updates a home - all of

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What do Economists predict for the Real Estate market in 2020?

According to 6 economists interviewed by Inman, the 2020 housing market will be very similar to 2019.  Low interest rates will continue to increase buyer demand. Rates could jump as high as 4%

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Interest Rates and how they affect your buying power

 Looking at the picture above, you can see the importance of the interest rate and how it means so much more than the actual purchase price on your home as well as how your buying power has

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7 Reasons to list during the holidays

Alot of homeowners think "let's wait until the holidays are done before we list our home to sell." Here are 7 great reasons not to wait:1. Relocation buyers are out there now. Many companies are

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How Much do you need for a Down Payment?

Many potential first time home buyers (62% according to a recent study by Nerdwallet) think that in order to purchase a home, they need 20% for a down payment and feel like they need to wait up to

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