IRS Rules Regarding a Sale by Surviving Spouse

Realtor David Olson Client Review

I don’t care how expected it is, the death of a spouse leaves the surviving spouse reeling and with a thousand questions. It’s good to know that the IRS has given special consideration regarding the sale of their jointly-owned principal residence after the death of a spouse. If the surviving spouse does not remarry prior […]

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You Must Be This Tall to Ride

Realtor David Olson Client Review

Do you remember going to the State Fair or Six Flags as a child? There was a terrific ride your older siblings were going on but there, at the entrance gate, was a sign that read “You must be this tall to ride.” After standing in line and thinking you had just about made it, […]

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Keep Track of Improvements

Realtor David Olson Client Review

People are staying longer in their homes according to the National Association of Realtors and the U.S. Census. Over time, even a modest appreciation could result in a significant gain and homeowners should have a strategy to minimize possible taxes. Maintenance on a principal residence is not deductible but improvements can add to the basis […]

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7 Reasons for FHA Assumptions

Realtor David Olson Client Review

FHA loans that originated with lower interest rates have great advantages for buyers and sellers. Interest rate won’t change for qualified buyer Lower interest rate means lower payments Lower closing costs than originating a new mortgage Easier to qualify for an assumption than a new loan Lower interest rate loans amortize faster than higher ones […]

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Home Energy Audit

Realtor David Olson Client Review

With the exception of a mortgage payment, the largest homeowner expense is utilities; and energy is the major component. There are lots of contributing factors such as air leaks, insulation, heating and cooling equipment, water heaters and lighting. It’s estimated that 75% of the electricity to power home electronics is consumed when the products are […]

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Converting a Home to a Rental

Realtor David Olson Client Review

What’s keeping you from taking advantage of the low prices and mortgage rates available today? Concerned that you may need to sell in a few years and won’t be able to get your equity out of your home? Suppose a buyer purchases a home and finds out that they need to move in two years. […]

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Competing with Cash?

Realtor David Olson Client Review

It’s not fair! 29% of all sales made in June and July 2011 were cash. How does a buyer who needs a mortgage compete with a cash buyer? You’ve been looking for a home for months after thinking about it for years. You’ve found the home you want and meets your family’s needs. You write […]

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Significant Problems

Realtor David Olson Client Review

“The significant problems you face today cannot be solved at the same level of thinking you were at when you created them.” Albert Einstein   The housing market has definitely caused significant problems for some people but is also providing some amazing opportunities for others. Agents aren’t like retailers who wake up one day realizing […]

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A Silent Killer… Carbon Monoxide

Realtor David Olson Client Review

Carbon monoxide is colorless, odorless and toxic. It’s called the “silent killer” in homes because some victims are not even aware that the deadly condition exists. Homeowners must be concerned about unmaintained furnaces, water heaters and appliances that can produce the deadly gas. Other sources could include leaking chimneys, unvented kerosene or gas space heaters […]

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More To Sell with FHA Assumption

Realtor David Olson Client Review

If you had a 3.5% mortgage on your current home and were buying another home, transferring your low interest rate mortgage would be ideal. Unfortunately, lenders don’t allow that. When buying a home today, it would be smart to think about selling it in the future. To have a good home with unique features makes […]

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The Investment Alternative

Realtor David Olson Client Review

To say the investment market is unsettling is an obvious understatement. The market is down 8% in the last ten days and the news doesn’t give much hope that things are going to get better in the near term. Preservation of capital is probably today’s most important investment consideration and making a profit would be […]

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Buy Now or Wait

Realtor David Olson Client Review

Uncertainty as to whether prices will continue to fall has to be one of the most common causes of buyer procrastination. Paying too much wouldn’t be a smart thing but price isn’t the only factor to consider. Interest rates have as much effect on housing costs as price. A small increase in mortgage interest rates […]

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How to Choose a Mortgage

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Tagged: Subprime Mortgage Loans, Understand Loans,

Two great videos about Mortgage Loans  

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How to Find the Right Real Estate Agent for You!

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Tagged: finding an agent, picking a realtor,

Another great video with helpful information on how to find the right real estate agent.

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7 Reasons Why NOW is a Great Time to Buy a Home

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Tagged: real estate purchase, Why buy now, Buying a Home,

At a glance:  Why NOW is the Prime Time to Buy! 1.    Home Affordability is at an all-time high. The median mortgage payment on the median priced home as a percentage of the median household income is lower than it’s been in a generation. 2.    Mortgage rates are at rock bottom. It’s hard to imagine […]

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Follow These Steps to Find Your Perfect Home

Every week I receive at least 5 or 6 calls from people who have been house hunting on the Internet and have a list of properties they want to see in person.  Their enthusiasm is so permeating that I wish it were something that could be bottled and sold like fine perfume.  Then as a […]

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Don’t Write That Offer Without Realtor Representation!

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Tagged: working with a realtor, Buyer representation, Buying a Home,

In today’s struggling real estate market, buyers (especially first time home buyers) would be foolish to write an offer on a home and potentially obligate themselves to a binding contract without the representation of a licensed REALTOR®. I say this because within the One to Four Family Residential Contract (the form that almost all Minnesota […]

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Should You Listen to the Media?

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Tagged: media vs realtors, The housing market, Buying a Home,

This question comes up constantly – “Is the media correct when predicting the real estate market?” I believe the answer is NO. Someone once told me that the media predicted 5 of the last 3 depressions… in other words, negativity & controversy sells, so that’s what the media will promote. They make everyone so nervous […]

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Best Time to Buy..EVER!

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Tagged: 1st time home buyer, Best time to buy, Buying a Home,

This is the Best time to buy a home. Just think, prices are incredibly reasonable, interest rates are so low, borrowing money is practically free, the selection of homes is good, homesellers are willing to negotiate. Wow, it just does not get better than this to buy a home. I am not saying you won’t […]

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