If you’re looking to use an FHA loan product to buy a condo or loft, the condominium project must meet the eligibility requirements of the Federal Housing Administration (FHA). FHA-insured loans offer some significant benefits for the home buyer, such as lower down payment requirements and reduced lender fees, and…
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Embracing a Fresh Start: Buying a Home After Divorce
Divorce is a life-altering event that can leave you feeling emotionally drained and uncertain about the future. As you navigate the challenges and emotions that come with the end of a marriage, it’s natural to seek a fresh start. One significant step in this journey towards a new beginning is…
Understanding the Significance of ‘Clear to Close’ in Real Estate Transactions
One of the most reassuring statements for a prospective homebuyer is the confirmation of “clear to close.” This declaration represents a significant achievement within the intricate realm of mortgage lending. It signifies that the underwriter has meticulously reviewed and approved the application, paving the way for the subsequent stages involving…
Mastering the Fundamentals of a Profitable 1031 Exchange
A 1031 Exchange is a potential option for Twin Cities, Minnesota investors who may be interested in deferring taxes when selling an investment property. By reinvesting the proceeds into another investment property, investors have the opportunity to take advantage of real estate market opportunities without having to pay taxes on…
Selling a house during a divorce in Minnesota
Divorce can often be challenging, especially when the two parties involved are arguing over an asset such as a house. Selling a house during a divorce is not an easy task, and is often filled with disagreements, heated debates, and hassles. However, with the right Realtor who specializes in divorce…
The Importance of Conducting a Final Walkthrough: A Must-Do Before Closing
The final walkthrough serves a distinct purpose. It’s important to clarify that the final walkthrough is not intended for negotiating repairs or adding contingencies with the seller. Instead, its primary objective is to verify that the property you’re buying aligns with the agreed-upon condition. This step ensures that any previously…