What is Earnest Money?

February 26, 2016

July2015-Trulia-Earnest-Money-Explained

After you’ve selected your new dream home and you begin writing an offer, you’re going to be asked to provide earnest money to go along with your offer. But what is that? The earnest money deposit is an important part of the home buying process. It tells the seller you’re a committed buyer, and it helps fund your down payment. On average, you can expect to hand over 1-2% of the total purchase price as earnest money. Without earnest money, you certainly could make an offer on a property but sellers rarely accept offers without a deposit of some sort.

Assuming that all goes well and your offer is accepted by the seller, the earnest money check will be cashed by the sellers’ brokerage and will be held safely in an escrow account until closing. Once everything is ready, the funds are released from escrow allowing your earnest money to go towards your down payment and closing costs.

If during your inspection period you find something, or perhaps multiple things, that you are not comfortable with and decided to no longer purchase the home, upon a signed cancellation notice, all your earnest money will be given back to you. To be on the safe side, make sure the purchase agreement covers how a refund would be handled.

If you or someone you know is thinking about buying a home and/or selling your current home, contact The Better Living Group today! We are here to provide you with information on purchasing a home and a free market analysis for the home you are considering to sell. The Better Living Group are Real Estate professionals in the Twin Cities and Greater Metro areas who are ready and able to assist with all of your Real Estate needs and goals and to provide only the best Real Estate service to all of our clients past, present and future.

To see your current home value click here.

The Better Living Group

Realtors- GRI, ABR, CDPE

cknutson@kw.com or 763-496-2903

Keller Williams Classic Realty NW

Posted in Real Estate News, Updates & Trends /

What is Earnest Money? Video by: Olivia Brion, Showing/Listing Assistant

What is earnest money? How much money do you need to be prepared to put down when making an offer? Olivia discusses what you need to know to be prepared with earnest money at the time of making an offer.
Click here to watch Olivia’s video.

If you or someone you know is thinking about buying a home and/or selling your current home, contact The Better Living Group today! We are here to provide you with information on purchasing a home and a free market analysis for the home you are considering to sell. The Better Living Group are Real Estate professionals in the Twin Cities and Greater Metro areas who are ready and able to assist with all of your Real Estate needs and goals and to provide only the best Real Estate service to all of our clients past, present and future.

To see your current home value click here.

The Better Living Group

Realtors- GRI, ABR, CDPE

cknutson@kw.com or 763-496-2903

Keller Williams Classic Realty NW

Posted in Real Estate News, Updates & Trends /Video /

Home Sweet Home on Magnolia Lane

February 22, 2016

4205-Magnolia-Ln-N_057

4205 Magnolia Lane N, Plymouth

This property is conveniently located between 494 and 169 yet tucked away in the heart of Plymouth. Voted the #1 place to live by Money Magazine in 2008. Newly carpeted, painted and very clean, this Condo is located on the main level and is living at its finest.

The 16×8 screened-in porch is absolutely perfect for entertaining and enjoying the outdoors. Especially on those beautiful summer days in Minnesota. All new, never lived-in carpeting throughout. All new, neutral paint throughout each room.

This home has a great combination of low-maintenance living with much to offer in and around the area. Choose to stay inside in front of your wood-burning, brick fireplace or take a jog to nearby Clifton E. French Regional Park. Shopping, freeway access – what more do we need?!

Take a peek and purchase this gem of a home, its everything you imagine and more.

For a video tour, click here.

If you or someone you know is thinking about buying a home and/or selling your current home, contact The Better Living Group today! We are here to provide you with information on purchasing a home and a free market analysis for the home you are considering to sell. The Better Living Group are Real Estate professionals in the Twin Cities and Greater Metro areas who are ready and able to assist with all of your Real Estate needs and goals and to provide only the best Real Estate service to all of our clients past, present and future.

 

The Better Living Group

Realtors- GRI, ABR, CDPE

cknutson@kw.com or 763-496-2903

Keller Williams Classic Realty NW

Posted in Listing /Real Estate News, Updates & Trends /

Winter Activity List

February 20, 2016

Winter-Activity-List

During this beautiful weekend enjoy the beauty & enjoyment Minnesota winters provide!  Here are a few of the Better Living Group’s favorite winter activities.  Share with us which are your favorite and which are new to you that you might try this weekend.

*Have a snowball fight
*Build a snowman
*Go Sledding
*Build a snow fort
*Explore the trails, go cross-country skiing: click here to see a list of MN trails
*Hit the slopes, go downhill skiing- click here to see a list of MN slopes
*Read a good book
*Make Snow Ice Cream: 4 ingredient recipe
*Laugh at these great comedy clubs: Brave New WorkshopAcme Comedy Club & ComedySportz
*Ice fishing: Ice House Rentals
*Cheer for our MN sports teams: MN TimberwolvesMN Wild & the MN Gophers
*Catch snowflakes
*Make a snow angel
*Go ice skating
*Try snowshoeing
*Do a jigsaw puzzle
*Donate unused toys, clothes & household goods to charity
*Send a handwritten card in the mail
*Go on a Scavenger Hunt

These are just some of our favorite things to do this time of year.  We look forward to hearing about yours!

The Better Living Group

Realtors- GRI, ABR, CDPE

cknutson@kw.com or 763-496-2903

Keller Williams Classic Realty NW

 

Posted in Local Festivities /Real Estate News, Updates & Trends /

What is holding you back from purchasing a new home?

February 15, 2016

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Many times people contact me with concerns of why they are not moving forward with their dream of home ownership. There are many things that I hear but there are two that really stand out and are things we can assist with.

First, having debt. Whether it be a student loan, buying a car or an abundance of different things. This can be a large concern for people when making the decision on whether or not to contact a Realtor about buying a home. When it comes to debt, of course you would like to pay it off. However, this may or may not be an option for you. If that is the case, I would highly suggest contacting a loan officer. They may have some great ideas and options to help you pay off that loan sooner or make a change so you are able to be more comfortable moving forward with a home purchase.

Second, your credit. Of course, your credit score is something that is impertinent to whether or not you are able to get a loan for a home. If you have a low credit score and are having a hard time raising it, speak to a loan officer. Again, they may have great ideas on how to raise it quicker then you expect. Depending on the loan you get, the credit score requirements vary, you may be surprised on what you can do now!

If you are thinking about purchasing your first home, second, third or even a lake home, my team and I are here to help! What is stopping you from your dream of home ownership? Whether it be the two I mentioned, or others, I guarantee that we can assist you with questions, concerns, home searching or putting you in contact with loan officers that are ready and able to assist with what you need. It never hurts to see where you stand now and figure out what you need to do to get where you want to be in today’s Real Estate Market.

If you or someone you know is thinking about buying a home and/or selling your current home, contact The Better Living Group today! We are here to provide you with information on purchasing a home and a free market analysis for the home you are considering to sell. The Better Living Group are Real Estate professionals in the Twin Cities and Greater Metro areas who are ready and able to assist with all of your Real Estate needs and goals and to provide only the best Real Estate service to all of our clients past, present and future.

To see your current home value click here.

The Better Living Group

Realtors- GRI, ABR, CDPE

cknutson@kw.com or 763-496-2903

Keller Williams Classic Realty NW

Posted in Real Estate News, Updates & Trends /

What’s Stopping You From Buying Your Next Home? Video by Georgie Reinke, Lead Buyer Specialist

What’s holding you back from making a home purchase? Watch Georgie’s video as she explains how we can help you with making the decision on whether or not now is the time to buy.

If you or someone you know is thinking about buying a home and/or selling your current home, contact The Better Living Group today! We are here to provide you with information on purchasing a home and a free market analysis for the home you are considering to sell. The Better Living Group are Real Estate professionals in the Twin Cities and Greater Metro areas who are ready and able to assist with all of your Real Estate needs and goals and to provide only the best Real Estate service to all of our clients past, present and future.

To see your current home value click here.

The Better Living Group

Realtors- GRI, ABR, CDPE

cknutson@kw.com or 763-496-2903

Keller Williams Classic Realty NW

 

 

Posted in Real Estate News, Updates & Trends /Video /

How A Realtor Can Help You As A Buyer

February 6, 2016

KW BLG Side by Side

If you are currently searching the market for a new home, you may be curious as to how a real estate agent or team can help you. You are about to be making an important decision for your future, a great investment of both money and time.

Here are some ways that you can benefit from the help of a real estate professional.

* Realtors can help establish the home that fits your needs. Style, size, floor plans, areas, and other preferences will help determine what kind of home is best suited for you.
* By sending you in the right direction we can help arrange to have you “pre-approved”, which can help improve your positioning in negotiations.
* Although we are not loan officers, we will help you to determine realistic spending. We truly try our best to explain how much home you can get for your buck.
* We have access to all current home listings within the multi-listing system which enables us to evaluate the market based on your affordability and the things you want.
* We have access to information on taxes, real estate values, utility costs, and municipal services, all of which can aid you in your decision to buy.
* We provide direct service by working for you as a buyer’s agent, helping to negotiate the best terms and price for you.
* We can make you comfortable with the closing process and make sure you have clear closing figures in advance for your review.
* Our team helps you the entire way through your transaction and can recommend home inspectors, contractors, loan officers, and trustworthy title companies.

These are many ways that real estate agents or teams can help you in your journey towards buying your next dream home!

If you or someone you know is thinking about buying a home and/or selling your current home, contact The Better Living Group today! We are here to provide you with information on purchasing a home and a free market analysis for the home you are considering to sell. The Better Living Group are Real Estate professionals in the Twin Cities and Greater Metro areas who are ready and able to assist with all of your Real Estate needs and goals and to provide only the best Real Estate service to all of our clients past, present and future.

To see your current home value click here.

The Better Living Group

Realtors- GRI, ABR, CDPE

cknutson@kw.com or 763-496-2903

Keller Williams Classic Realty NW

Posted in Real Estate News, Updates & Trends /