Category — For Home Sellers
FHA to Allow 8K Tax Credit as Down Payment
The first time home buyer tax credit is a welcome stimulus to the Minneapolis real estate market, but it is only a half-measure because it does not help home buyers who have no savings to come up with cash needed to close.
Shaun Donovan, secretary of HUD (U.S. Housing and Urban Development) has declared that FHA is going to permit its lenders to allow first time home buyers to use the $8,000 tax credit as a down payment. [Read more →]
July 13, 2009 No Comments
Disclose! Disclose! Disclose!
Are you selling your home? Are you asking yourself questions like “Do I need to disclose this?” If you are uncertain, then the answer is probably “yes.” It is best to err on the side of [Read more →]
March 15, 2008 No Comments
Market Analysis vs. Appraisal
Frequently, Minneapolis home owners ask me if I can come to their house to do an appraisal. I explain that I am not a licensed appraiser. Legally, I cannot offer or perform appraisals. However, if they are trying to establish a proper pricing in order to [Read more →]
March 14, 2008 No Comments
Minneapolis Truth-of-Sale-in-Housing Requirements
Minneapolis requires a Truth-in-Sale-of-Housing evaluation on residential properties prior to sale of home. The evaluation report must be prominently displayed at the property for perusal by potential buyers. [Read more →]
March 13, 2008 No Comments
