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

Articles

The pros and cons of a house vs. a condo for first-time buyers

February 10, 2021

A condominium can make a good starter home, but the lifestyle isn’t for everyoneCondos are often priced lower than single-family homes. ISTOCKWhether you’re having trouble finding an affordable single-family home or you’re simply fed up with renting, a condominium can be a way to wade into homeownership rather than diving into the deep end.Condos ...

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Closing Costs

February 10, 2021

Wonder what closing costs are and what you are really paying for?  Here is a breakdown of common fees you may pay when buying a home:Common Closing Costs for Buyers (from Realtor Magazine, National Association of Realtors)Down paymentLoan originationPoints, or loan discount fees, which you pay to receive a lower interest rateHome inspectionAppraisalCredit reportPrivate mortgage insurance premiumInsurance escrow ...

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3 Reasons We’re Definitely Not in a Housing Bubble

February 10, 2021

3 Reasons We’re Definitely Not in a Housing Bubble Home values appreciated by about ten percent in 2020, and they’re forecast to appreciate by about five percent this year. This has some voicing concern that we may be in another housing bubble like the one we experienced a little over a decade ago. Here are three reasons ...

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5 Tips to Make a Competitive Offer in a Hot Market

February 10, 2021

With a high level of potential buyers and a low housing inventory, the real estate market remains super competitive in 2021. More than ever, it is crucial for buyers to know how to make a confident and competitive offer once they found the right home. Here are five keys to success to make a strong offer and stand out ...

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How about those forbearances?

February 09, 2021

 As most everyone is aware, if you were impacted by the pandemic and you are having trouble making your mortgage payments, you can request a forbearance. Simply put, a forbearance allows the borrower to stop making payments and freeze the loan at that point. While this may be a temporary help, the piper will have to be paid ...

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Mortgage Credit Certificate

February 08, 2021

What is the Mortgage Credit Certificate (MCC) Program?The MCC program is a homebuyer assistance program designed to help lower‐income families afford home ownership. The program allows home buyers to claim a dollar‐for‐dollar tax credit for a portion of mortgage interest paid per year, up to $2,000. The remaining mortgage interest paid may still be calculated as an ...

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State of the National Real Estate Market

February 03, 2021

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How to Fix Up Your HUD Home in Charlotte

February 03, 2021

Post by: Nancy Braun, Showcase Realty How your home looks after getting it renovated dictates the difference between a good or bad HUD home deal. This is true whether you bought the house to live in, or as an investment.Repairing a newly-bought foreclosed home could pose as quite a challenge. HUD homes are sold “as-is”, and ...

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Owning a Home Is Still More Affordable Than Renting One

February 02, 2021

If spending more time at home over the past year is making you really think hard about buying a home instead of renting one, you’re not alone. You may be wondering, however, if the dollars and cents add up in your favor as home prices continue to rise. According to the experts, in many cases, it’s ...

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Bundle Up! Winter's Home-Buying Game Has Changed. Here's How To Win

February 01, 2021

Savvy home buyers know that winter is typically a good time to embark on a house hunt, since much of their competition stays holed up at home until spring. But this winter, buyers might notice that they've got company.Lots of it, in fact."Normally winter is a good time for buyers," says realtor.com® ...

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5 Signs You Are Ready To Be a Homeowner (That Have Nothing To Do With Money)

February 01, 2021

There comes a time in renters' lives when they ask the age-old question: Should I become a homeowner? Obviously, finances have a lot to do with the decision whether to rent vs. buy.But there's more to it than just credit ratings and cash reserves—homeownership is a lifestyle change that you have to be willing to take ...

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NAR Joins Coalition Calling for Clarity in Rental Assistance

February 01, 2021

January 29, 2021 Melissa Dittmann TraceyHousing groups, including the National Association of REALTORS®, are urging federal agencies to provide more information on the distribution of $25 billion in rental assistance under current COVID-19 relief legislation, which was signed into law in December. The coalition of real estate trade organizations says the funds are critical to counter the economic fallout ...

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What Happens When Homeowners Leave Their Forbearance Plans?

January 28, 2021

What Happens When Homeowners Leave Their Forbearance Plans? According to the latest report from Black Knight, Inc., a well-respected provider of data and analytics for mortgage companies, 6.48 million households have entered a forbearance plan as a result of financial concerns brought on by the COVID-19 pandemic. Here’s where these homeowners stand right now:2,543,000 ...

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Insight to Home Buying 2021

January 27, 2021

2021 is officially upon us. But how, exactly, is the new year shaping up through the lens of real estate?HomeLight’s Top Agent Insights Q4 2020 Report surveyed over 1,000 real estate agents for their insights into the 2021 housing market, including:Lack of inventory will continue to pose challenges in 2021. A lack of homes for ...

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Seriously Delinquent Mortgage Loans Up 1.7 Million in 2020

January 26, 2021

2020 ended with 2.15 million seriously delinquent mortgage loans, that is 1.7 million more seriously delinquent homeowners than when 2020 began “a looming reminder of the challenges facing the market in 2021," according to the First Look mortgage loan performance report from Black Knight, published Friday. The increase exists despite continuous months of improvement; In ...

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SEPARATE REALITY FROM REALITY TV!!

January 21, 2021

3 Reality TV Myths Busted Ready to buy a home this year? Let's connect to separate reality from reality TV and make sure your experience is smooth and successful.Watch Now...

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How to sell your home in the age of coronavirus

January 19, 2021

By: Diana OlickNot a lot of homeowners want to put their homes on the market in the midst of a pandemic, but some do need to move, and it’s not the worst time to sell. Demand for housing is still incredibly strong, despite the hit to the economy, and supply is at a record low.For the week ...

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Know Your Competition

January 15, 2021

There are two groups of buyers that many of our more local buyers seem to not consider when contemplating purchasing a HUD home. The first group is "bulk buyers/investors".  Individuals in this group have often made offers "sight unseen". The second group is homeowners relocating from areas with "high price tags" homes and high taxes. ...

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The good, the bad, and the likely for housing in 2021

January 15, 2021

Despite the pandemic, incredibly, the housing market has surpassed all expectations in 2020. Applications to purchase a home hit a low point in the spring due to stay-at-home orders and mandated business closures, but have rebounded swiftly.As of the week ending December 4, purchase loan applications have exceeded year-ago levels for 29-straight weeks, and cumulative purchase applications have ...

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North Carolina Facts

January 15, 2021

•Capital: Raleigh •Nickname: Ol' North State / Tar Heel State •Bird: Cardinal •Elevation: 6,684 ft. •Flower: Dogwood •Song: "The Old North State" •Counties: 100•Vegetable: Sweet potato•Food: BBQNorth Carolina is teeming with ways to get outside and enjoy our lovely state! Whether you™re hiking, swimming, boating, or just exploring new attractions, our state is the perfect spot to ...

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Pros and Cons of Adding a Hot Tub

January 15, 2021

Hot tubs come in a wide variety of options and can be found to fit most budgets. Check out these pros and cons to adding a hot tub. Article by Peter GoldbergPurchasing a hot tub for your home is becoming more and more appealing to those looking to spark joy in their outdoor space. Even the top local ...

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The Four Pillars of Financial Health

January 14, 2021

Many financial experts agree that financial health includes four key components: Spend, Save, Borrow, and Plan. It is crucial that you actively work on improving the health of each one. Unsatisfied with your financial health? Here are some valuable tips to strengthen each component. Spend.To spend wisely, you need a budget. With a little time, you can ...

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Affordable Housing?

January 14, 2021

I was reading an article the other day about the affordable housing issue that we have in many cities in  the United States. This started me thinking…  Is affordable housing and affordable home ownership the same thing? The answer that I reached is no. They are not the same. Affordable housing talks about both a home purchase ...

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Will Forbearance Plans Lead to a Tsunami of Foreclosures?

January 14, 2021

Will Forbearance Plans Lead to a Tsunami of Foreclosures? At the onset of the economic disruptions caused by the COVID pandemic, the government quickly put into place forbearance plans to allow homeowners to remain in their homes without making their monthly mortgage payments. Today, almost three million households are actively in a forbearance plan. Though 29.4% of ...

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How to Negotiate and Get Top Dollar for Your Home

January 14, 2021

These 4 Negotiating Tips Can Help You Sell for Top DollarReceiving your first offer is one of the most exciting parts of selling your home. And while it might seem like the hard work is finally over, the negotiation process is actually just getting started. Even in a seller’s market, negotiating with a buyer can require quite ...

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