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

Articles

Your Credit Score

March 27, 2024

The importance of good credit is a fact of life.  Banks  and credit card companies decide if they should lend you money and what interest rates you will pay based on your credit score.  Know your credit score and what it means to banks and credit card companies and your future.  The decisions you make ...

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Does HUD counter buyer's offers?

March 16, 2024

This note will clarify, HUD’s “counter offer” to a bid.  In this process, HUD informs you of the “net” required and give you a chance (but not an exclusive one) to make a new offer along with any other bidders.  This is not the same as traditional real estate, as HUD is accepting other ...

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Spring Maintenance Tips

March 15, 2024

The days are getting longer, and Spring is in the air, making it the perfect time to check on the state of things in and around the house.  Here are a few maintenance tips for spring.1. Inspect Your RoofAt the top of our list is a roof inspection. Although everything may look great from the ground, there ...

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Mortgage Rates Just Dropped—and So Have Home Prices. Is This the Start of a ‘Sustainable Trend’?

March 15, 2024

By Margaret HeidenryMar 14, 2024The unpredictable mortgage rate ride continued this week—and landed in a positive place.The average rate for a 30-year fixed home loan ticked down from 6.88% to 6.74% for the week ending March 14, according to Freddie Mac.“The 30-year fixed-rate mortgage decreased again this week, with declines totaling almost a ...

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Home Prices Continue to Rise

March 15, 2024

The Federal Housing Finance Agency published the 2023 Q3 Housing Price Index report and national data shows home prices rose in October, up 0.3% from September. House prices rose 6.3% from October 2022 to October 2023. The previously reported 0.6% price increase in September was revised to a 0.7% increase. The five-year home appreciation ...

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Speculation investing in Real Estate - The Pros and Cons

March 15, 2024

Speculation buying in real estate can be tempting. The idea of scooping up a property, waiting for its value to skyrocket, and then selling for a hefty profit is undeniably appealing. But is it a sound strategy? Before you dive headfirst into the world of speculative real estate, it's crucial to understand both the potential rewards and the ...

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Mortgage Rates Tumble For The Second Week in A Row

March 15, 2024

Mortgage rates dropped for the second week in a row, falling nearly a quarter of a percentage point over the past two weeks in the face of stronger-than-expected employment and inflation data.The 30-year fixed-rate mortgage averaged 6.74% in the week ending March 14, down from 6.88% the previous week, according to data from Freddie Mac released ...

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6 Tips to Sell Your Home Fast

March 14, 2024

6 Tips to Sell Your Home Fast 1. Find the Right Real Estate AgentIf you want to sell your home fast, the first step is to hire a real estate agent. The ideal person will know the local market and have a sales record that proves they know how to sell. Keep in mind the seller is often responsible ...

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Getting Your Home Ready for Spring!

March 13, 2024

How to Get Your Home Ready for Spring!1. Check the smoke alarmsChecking your smoke alarms is fast and simple, but super important! You should test your smoke alarms and carbon monoxide detectors once a month and replace the batteries once every 6 months. Check out these tips for testing, replacing and caring for your alarms.Pro tip: it’...

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How to Buy a Home in 2024

March 12, 2024

The year 2024 is an exciting time to be in the market for a new home. As the real estate industry continues to evolve and adapt, there are several key factors to consider when buying a home. In this blog post, we will discuss the steps to buying a home, provide tips to help you make good offers, and ...

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$1 billion saves Flagstar Bank’s parent company, NYCB

March 11, 2024

Jordyn BurrellPublished: Mar. 6, 2024 at 10:49 PM ESTLANSING, Mich. (WILX) - It was a rough day for the parent bank of Flagstar after it nearly collapsed Wednesday afternoon.People have money in more than 100 Flagstar banks in Michigan.New York Community Bank was ultimately bailed out of the collapse by former Treasury Secretary Steve Mnuchin, backing the ...

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What Will the Housing Market Look Like Once Mortgage Interest Rates Drop? Here’s What Homebuyers Can Expect

March 11, 2024

Homebuyers who are gearing up to shop the spring housing market might wonder whether the mortgage rate gods will smile in their favor.They’re right to worry: In October, rates hit a 23-year high of 7.79% for a 30-year fixed loan, according to Freddie Mac.Since then, rates have come down to 6.94% for the week ...

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The Market Shifts - Is the timing right to buy

March 10, 2024

The market has its own rhytm, right now we're hearing notes of change in the market.  The latest Sentiment Index reveals a growing sense of  confidence.  Buyers and sellers should take advantage of this momentum. Homeowners are recognizing that now is a good time to list.   As those listings come on the market, ...

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Daylight Saving Time Begins - Change Your Clock, Change Your Smoke Alarm Battery

March 09, 2024

Daylight Saving Time Begins - Change Your Clock, Change Your Smoke Alarm Batteryhttps://www.pwcva.gov/news/daylight-saving-time-begins-change-your-clock-change-your-smoke-alarm-battery#:~:text=For%20smoke%20alarms%20with%20a,the%20battery%20starts%20to%20chirpDaylight Saving Time begins Sunday, March 10th. As you turn your clocks forward, the Prince William County Fire and Rescue System would like to remind residents to change the battery in your smoke alarms. When properly installed and maintained, working smoke alarms save lives ...

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Finding a home in today's market

March 06, 2024

If you are ready to buy your dream home, what could be more terrible than a low inventory market?Low inventory is driving up prices,making buying choices more limited.  Rates are trending down, but still higher than the low rates of the past.  What is the buyers best strategy?Start by getting prequalified!  It shows ...

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Understanding the Crucial Role of Credit Scores in Home Buying

March 05, 2024

Buying a house is a monumental milestone in many people's lives, but it's also one of the most significant financial commitments one can undertake. While you may have your eyes set on the perfect home, it's essential to recognize the pivotal role your credit score plays in the home buying process.Your credit score serves as ...

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Purchasing a Home

March 05, 2024

When buying a home, it’s important to think carefully about your offering price—but also your offering terms. Most purchase offers define both. And in some cases, terms and conditions can represent thousands of dollars in additional value for buyers—or additional costs.Terms may include inspections, requests for specific property repairs, or timing considerations, such as a ...

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The $100 Downpayment Program for HUD Homes

March 04, 2024

The dream of homeownership can seem out of reach for many, especially those with limited financial resources. However, the U.S. Department of Housing and Urban Development (HUD) offers a program that can make this dream a reality for some buyers.What is the HUD $100 Down Payment Program?The HUD $100 down payment program is a special ...

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Be Prepared for Realtor Safety

March 02, 2024

Be Prepared to Show a HUD HOME!As a busy Realtor, I know that that Spring is a busy time for our Real Estate Market.  When you get a call on a HUD Home,  or any home, there are a few things to keep in mind.PARK IN THE ROAD SO AS NOT TO BE BLOCKED IN....

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Why Curb Appeal Matters in Real Estate

March 01, 2024

 Why Curb Appeal Matters in Real EstateThey say you never get a second chance to make a first impression, and nowhere is this truer than in real estate. As potential buyers drive by your home, the first thing they notice is its exterior – its curb appeal. In today's competitive market, curb appeal can make all the ...

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Mortgage Rates Just Hit a 2-Month High: Are High Rates the New Normal for Homebuyers?

February 29, 2024

By Margaret HeidenryFeb 29, 2024Mortgage rates rose yet again this week, chilling the already sluggish housing market. The average rate for a 30-year fixed home loan ticked up from 6.9% last week, to 6.94% for the week ending Feb. 29, according to Freddie Mac.With the usually busy spring homebuying season right around the corner, this ...

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Pot Hole Season is Here, Careful Driving.

February 29, 2024

This time of year in Michigan with it's ever changing weather is nice as it warms up.  However, the roads turn into pot holes and drivers need to really pay attention to the roads.  Frost laws are put on for a couple of weeks so that semi's don't make the roads any worse. ...

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5 Reasons Why Buying is Better Than Renting

February 29, 2024

Title: 5 Reasons Why Buying is Better Than RentingAre you caught in the age-old dilemma of whether to buy or rent a home? It's a decision that can significantly impact your finances and lifestyle. While renting offers flexibility and fewer responsibilities, there are compelling reasons why buying a home may be the better choice for you. Here are ...

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Kitchen Upgrades that cost less

February 29, 2024

Add Open ShelvingOpen shelves extend sightlines in the kitchen and make it look larger. They are also on-trend and cheaper than traditional cabinets. Consider swapping out some upper cabinets for floating shelves that match or complement your kitchen’s color scheme. ...

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Work From Home = More Housing Options!

February 28, 2024

The shift to work-from-home and remote work has stirred up the housing market in a few interesting ways. First off, tech is king now in real estate, with cool gadgets and AI making things like property management and house hunting a breeze. Be careful, though. An experienced real estate agent can help you avoid hard-to-see pitfalls. Because you don'...

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