Real Estate Insights
For both home sellers and home buyers. Up to date information for the Twin Cities real estate market. This includes informational videos, market trends, home buyer and seller strategies, timely articles and good old fashioned advice.
The real estate market in the Minneapolis Saint Paul metro area has clearly shifted and now the general public is starting to see that. As a result like with most change, there's a lot of fear that comes along with it. I thought I would take the time to explain what's going on in the market. This will help you as a home buyer or a home seller to better understand the best way to position yourself when buying or selling a home this year.
Should I buy a home or rent? That is a question only you could answer. But I can at least share with you the benefits of owning a home. I've had friends through my life that I've always rented because they may want to move to New York City or some other location around the globe. Funny thing is, 30 years later they still live in town and never moved. At this point they're so deep into the rental trap that they'll never get out.
To me the number one reason to purchase a home is for financial freedom. Once it's paid off you've established an asset and it's one of the first steps that you can take to financial independence. Check out this video, there's more wonderful reasons.
I have created an interactive PDF for the book I wrote; First time home buyers guide, everything you need to know to buy a home. Within this PDF are highlighted phrases that lead you to videos explaining a subject in more detail. This is the introduction video to the book. It is a great tool for all home buyers. Even if you have purchased a home before and would like a refresher course on the steps to buying a home. I will follow this up with other videos in the coming week. So please stay tuned to this webpage for updates.
One common home buyer question that I receive on a regular basis is, are home property taxes and real estate taxes the same thing? The answer to that is yes, they are. But where the confusion comes from is your point of reference for the information in the first place. What I mean to say is depending on what article you read in the newspaper or blog online. Some refer to it as property taxes and others refer to it as real estate taxes.
What closing costs are associated when buying a home? And what's the difference with those versus seller paid closing costs? This is typically one of the first questions that I will answer for any potential home buyer. It is important to know ahead of time what your bottom line is. There should not be any hidden closing costs or hidden fees? But at the same time to avoid that you want to have an idea of what your costs are to begin with.
The video below will give you good idea of all the closing costs and how they differ for you in several situations. Meaning buying a single-family home versus a townhome have different costs. This tutorial will help you in 5 minutes learn more about this subject and will help you moving forward.
If you are buying a home, chances are you don't really know all the steps to purchasing one. Especially if you are a first-time home buyer. And why would you? This isn't something that you do every day and that's why you hire A licensed real estate agent. They will help you through the process by answering all of your questions.
One of the first questions most homebuyers ask is are there any hidden fees when buying a home? The obvious answer should be no but unfortunately in the world we live in there are some agents that either don't know or won't tell you the truth. This five minute video will answer this question and give you a lot of helpful information to make sure you know the answer.
Everybody has heard the horror stories about buying and selling homes. I can attest that after 18 years of being a licensed real estate agent that many of those situations could have been avoided simply by making sure you take the time to cover all of the bases. What I'm trying to say is so many agents nowadays seem to skate over the details because they're moving on to something else that some of the most basic obvious things can be completely missed.
As a home buyer or home seller, who you hire to take care of you in a transaction can make all the difference as to how everything plays out. As a licensed realtor I have a fiduciary responsibility to you that I take very seriously. I've seen some pretty bad stuff happen over the last year that I believe is misrepresentation on the part of some of the real estate agents. To protect yourself, you need to be aware of the different things that are happening in the market. Take a few minutes of your day and watch the video below. It will teach you how to protect yourself and what to look out for.
1015 Lilac Court Shakopee, MN 55379- Home For Sale. Take a tour of this lovely town home with all living on one level. It features 3 bedrooms, 3 bathrooms and over 2400 finished square feet and so much more!
Understanding the difference between a contingent off and a non-contingent offer can make all the difference for both a home buyer and home seller. This short video explains the in's and out's of contingent offers Before you buy a home or sell a home, you will want to understand this information.
Your Local Real Estate Connection for the Minneapolis-St. Paul metro area.
Information for home buyers and home sellers in the Twin Cities Metro area.
Meet Tom Sommers Top Real Estate Agent in the Minneapolis St. Paul Metro Area
We’ve known Tom for many years and we knew that when it came time to purchase a home Tom was the one to call. Tom took into consideration everything we were looking for, he was patient, and offered us great advice. During our search Tom always made us a top priority and worked diligently to schedule and show us the homes we were interested in. He was always encouraging …
-Jolene & Bob F., Client
Tom had a big task in finding the perfect home for me and assured me after months of looking, in a down market, with the clock ticking, that I would find my dream home – even when I thought it wasn’t going to happen! Once I did, we ran into difficult situation, after difficult situation with the sellers and their agent. Tom always found a way to smooth out any …
-Charlie C., Client
Tom Sommers was our relator when we relocated from Seattle WA, to Apple Valley, MN. We made 3 trips out, to find the right house for our family, and each visit, Tom was extremely well prepared to take us to houses that fit our wish list. He drove us around in his comfortable, air-conditioned, S.U.V. and made sure we were well hydrated for the long, hot days. He was very …
-Ryan & Jenn A., Client
Tom is a kind and classy realtor. You are in good hands with Tom.
-Kevin Stafford, Client
I would highly recommend Tom Sommers as a real estate agent. I had originally listed my property at the begining of January this year with another agent. By the end of May I had not gotten much interest in my property by perspective buyers. When my 6 month contract expired I hired Tom instead. Tom put together a state of the art collection of sharp photos of my property, …
-Paul P., Client