K.M. Minemier & Associates is a certified Woman Owned Small Business (WOSB) engaged in full service real estate asset management and marketing.

HUD Articles

HUD KEYS and why you can't have them

January 12, 2022

Hud Keys and Why You Cannot Have Them.Hud keys have never been given out at closing.  EVER.  And they never will be.  Hud Keys are a secure key system, designed to keep everyone safe.  The Contractors, Realtors, HUD Staff are moving in and out of these homes every day.  We keep these key ...

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Upgrading with R.O.I. in Mind

January 11, 2022

Making upgrades can be as easy as replacing the handset on your front door or as daunting as remodeling a kitchen or bathroom or even repainting the entire house. The question is always what home improvements give the best return on the remodeling dollar?Return on Investment (ROI) is generally less than 100% in real estate, so the rule ...

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Mortgage Rates Higher Than at Any Point in 2021

January 10, 2022

Mortgage rates have taken a big leap at the start of the new year. In the first week of 2022, the 30-year fixed-rate mortgage jumped nearly 60 basis points higher than a year earlier, averaging 3.22% this week, Freddie Mac reports.“Mortgage rates increased during the first week of 2022 to the highest level since May 2020 ...

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New Year, New Home: How to Get Yourself into a New Home in the New Years

January 10, 2022

  New Year, New Home: How to Get Yourself Into a New Home in the New YearsPlanning to buy a new home in the new year? Start now.Getting a jump on the housing market could help you buy sooner, smarter and cheaper.“The advantage to starting early is you can get your ducks in row,” ...

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Rent or Buy a Home getting complicated

January 10, 2022

https://www.cnbc.com/2022/01/06/should-you-rent-or-buy-a-home-the-answer-is-getting-more-complicated.html...

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How to improve design in small spaces !

January 09, 2022

Micro-apartments are the next trend in city living. In larger cities such as New York or San Francisco, people have been used to living in cramped quarters for decades. Now, emerging cities from Seattle to West Palm Beach, Florida, are claiming small apartments as the new housing prototype.You would think designing small spaces is easy because there is ...

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Here’s Where Home Prices Are Headed in 2022, According To Experts

January 06, 2022

Yahoo! NewsBy: Jennifer Taylor - Sunday, January 2, 2022No doubt about it — the real estate market has been white hot in 2021. But if you didn’t make a move this year, and you’re thinking about buying or selling — or both — next year, you’ll want to know what to expect.As of Nov. 10, ...

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Real Estate in the snow

January 06, 2022

Real estate in the snow!If you have a home you are marketing in the winter, sometimes showings can be an issue!  Ask your sellers to make sure all walks are shoveled, walkways are salted and free of ice.  It can be very helpful if the sellers have pictures of their back and front yards taken during ...

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Understanding Insured and Uninsured Properties

December 31, 2021

All HUD homes are appraised by FHA roster, local appraisers.  This report is where the information regarding the FHA Insurability is determined.  FHA sets Minimum Property Requirements (MPR).   These are the standards the appraiser uses to determine if a property meets insurability requirements for an FHA loan.IN = Insured.  Property meets FHA standards ...

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Mortgage rates dip due to Omicron

December 28, 2021

Mortgage rates dip as Omicron variant triggers market volatility30-year mortgage rates fell to 3.05%, down 7 basis points from the week prior, according to Freddie Mac’s most recent lender survey, released Thursday.Buyers who locked in mortgage rates this week got a bit of a reprieve as they continued to race to get ahead of the long-term ...

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HUD Special Discount Programs

December 22, 2021

HUD has several special community-based programs, one of which is the Neighbor Next Door Program. HUD describes the program as "Buying a home through HUD's Good Neighbor Next Door initiative is designed to encourage renewal of revitalization areas by providing an opportunity for law enforcement officers, firefighters, emergency medical technicians and teachers to purchase homes in these ...

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Renting vs Owning

December 20, 2021

RENTING vs Owning:Renting:  1) After each payment, that money is gone.                2) Can't make any changes to the property.                3) Rental prices can go up with lease renewals.                4) Your paying a mortgage, just ...

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Safety first, when showing a Hud Home

December 20, 2021

Winter SafetyPlease consider that safety is a major concern in the winter months, especially when showing a foreclosed home.  As it gets colder, sometimes the homeless break into these properties to find a warmer place to sleep.  Before entering a foreclosed home, it may be a good idea to do a physical inspection of the outside of ...

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Why You Need A ‘Dream Team’ When Buying Your Home

December 15, 2021

We’ve all heard the phrase that ‘teamwork makes the dream work’.  Well there aren’t many much bigger dreams that the average person has than of one day owning their own home.  So when it comes to buying a home, will doing it all on your own (or just you and the internet) be enough ...

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Secrets to Buying a HUD home

December 15, 2021

1.  Have your money lined up.2.  Pick the location.3.  What price range.4.   Who will renovate.5.  How to pay subcontractors.6.  How much time to renovate.7.   How many projects can you handle.8.  Do you have accounts with local vendors.9.  Will you subcontract ...

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HUD HOME BUYERS

December 15, 2021

HUD HOME BUYERSAre you a Buyer looking to purchase your first HUD HOME.  First things first, head to www.hudhomestore.com and see what properties are available in the area you are looking into. Take a moment or two and gander over the website. So much useful information is available regarding HUD Homes and the process.  Buyers ...

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Big Jump in Home Values in the Past Year

December 15, 2021

Due to tremendous buyer demand for homes and limited inventory, home values have significantly increased. According to the Federal Housing Finance Agency, FHFA, the rate of appreciation in the MSA’s we serve increased over the past 5 years between 18.76% - 22.6%. Even more impressive is the increase in the prior 12 months which ranges from ...

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Here’s How Inflation Is Affecting Home Prices: What Buyers and Sellers Need To Know Right Now

December 15, 2021

By Janet SirotoDec 2, 2021EnvelopeFacebookTwitterLinkedinPinterestInflation is a red-hot topic right now, and for good reason: In October, the annual inflation rate rose to an alarming 6.2%. That’s the highest it’s hit since November 1990, over 30 years ago, and a steep uptick from the manageable 2% that we’ve enjoyed for the past five years.Translated ...

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Investor Series – What is House Hacking?

December 15, 2021

This is one of many articles we will be writing regarding investing in Real Estate.  Let’s focus on a commonly misunderstood phrase in the industry:  House Hacking.House Hacking simply means using other people’s money to help you pay off your home loan.  Let’s say you bought a nice 3 bedroom home.   ...

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What Would A Rate Increase Mean For You?

December 15, 2021

Higher interest on home mortgages means higher monthly payments. Don't let a rate increase price you out of your next home. https://Higher interest on home mortgages mean higher monthly payments. Don’t let a rate increase price you out of your next home.Give me a call today so we can find the perfect fit for you ...

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Case Study: Property Inspection Reporting

December 14, 2021

Client: Nationwide BankThe ChallengeDuring an occupancy inspection for National Bank, a neighbor informed us that she had not seen the occupant in several days and feared she had already moved out leaving her 5 cats behind.The SolutionParkvue Realty contacted the authorities who informed us that the owner (bank) was responsible for accessing the property to determine the occupancy ...

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Tips for Painting Over Dark Walls

December 14, 2021

Hooboy. You’ve finally bought a house, but the paint is so, so dark. “It’s only paint,” you told yourself as you walked through the place, and repeated at your walkthrough prior to closing. “It’s only paint.” And while it’s true that it’s only paint, and paint can always be painted ...

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Year End 2021 Real Estate News

December 14, 2021

As the year comes to an end for 2021, the average homeowner has continued to gain home equity as home prices have seen a record growth level in more than four decades.  Per Corelogic reports, between the end of 2020 and now 2021 the average home gained about $57,000 in equity.   The average sale price ...

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Depersonalizing Your Home

December 13, 2021

DEPERSONALIZINGStaging is readying the home to show to potential buyers; you must encourage them to visualize living in the home itself, but not in your home.Depersonalizing the home involves removing your personal items, such as photos, trophies, and collectibles. Knickknacks and wall decor are also personal taste items that may distract buyers from seeing the home as theirs. ...

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HHS AND HUD ANNOUNCE EXPANDED PARTNERSHIP, NEW HOUSING AND SERVICES RESOURCE CENTER

December 13, 2021

Partnership will improve access to affordable, accessible housing and supportive services HUD No. 21-201HUD Public AffairsFOR RELEASEWednesdayDecember 8, 2021 Today, the U.S. Department of Health and Human Services (HHS) and the U.S. Department of Housing and Urban Development (HUD) announced the expansion of a partnership established earlier this year to improve access to affordable, accessible housing and ...

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