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

Articles on #homebuying

When Will Home Prices Come Down?

August 09, 2022

As the market continues to shift, more and more questions are being asked about how home prices will behave in the coming months. Will home prices continue to rise, or will they finally start to come down? If you’ve been interested in selling your home and/or buying a new one but have been intimidated by the fast-moving market, ...

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Mortgage applications inch up for the first time in five weeks

August 04, 2022

Mortgage applications inched up last week for the first time since June 24. Total mortgage demand increased 1.2% as the average 30-year fixed mortgage rate made the largest weekly drop since 2020.Applications to refinance a home rose 2%, according to the Mortgage Bankers Association, but the annual drop was still huge, down 82% since last year.Applications ...

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Do you have a Preapproval or Prequalification?

June 07, 2022

PREAPPROVAL LETTER OR PREQUALIFICATION LETTER?In a time where there are multiple offers, and our market is extremely competitive, it is important to have a good Preapproval letter when you submit an offer.  Is the letter that you are working with a Preapproval Letter or a Prequalification Letter?  Always read the letter that you are provided with, ...

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7 Things Every Buyer Should Know in This Market

May 09, 2022

The real estate market is on fire right now. More than 80% of Americans ages 18–34 said now was a bad time to buy a home, and the median home-sale price reached a record high of $365,000 in January. That’s a 28% increase from January 2019! The inventory simply hasn’t kept up with buyer demand. ...

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What are the risks of waiving a home inspection?

March 15, 2022

What are the risks of waiving a home inspection?A home inspection is a standard part of the homebuying process. After a buyer’s offer is accepted, the buyer hires a licensed professional who checks the wiring, flushes the toilets, peers into the attic and tests the heating and air conditioning systems.In a buyer’s market or a ...

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What Buyers Are Looking For In 2022

March 09, 2022

Selling your home in 2022 is an excellent idea as property values are expected to continue to increase after a record 2021. If you’ve been thinking to yourself, “I should sell my home,” but you’re not entirely sure what buyers are looking for in 2022, you’re in the right place. In this post, we’...

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Characteristics of Home Buyers

February 15, 2022

                  Characteristics of Home Buyers— First-time buyers made up 31 percent of all home buyers, the same as last year. Eighty-two percent of buyers 22 to 30 years and 48 percent of buyers 31 to 40 years were first-time home buyers. Behind these groups, 22 percent of buyers 40 to ...

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Michigan First Time Home Buyers Savings Program

February 11, 2022

Michigan Whitmer Signs Bills into Law The new laws create savings for first-time homebuyers and adds judges to areas with high caseloads LANSING, Mich. - Governor Gretchen Whitmer today signed House Bill 4290 and Senate Bill 145 to lower costs for first-time home buyers by creating tax-exempt saving accounts and allow Michiganders to deduct contributions from their taxes. The ...

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After a frenzied 2021, the coming year could bring stability to the housing market. But don’t expect prices to go down.

January 14, 2022

After a frenzied 2021 housing market, the coming year could bring a small measure of relief for prospective homebuyers.But the market won’t go cold, real estate industry professionals predict.Rather, changes in home price growth, the supply of homes for sale and upticks in rock-bottom interest rates are more likely to stabilize the market after an unpredictable ...

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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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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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Steps To Purchasing A HUD Home

September 13, 2021

 Thinking of purchasing a HUD Home?  Here are a few key steps to get you started. Get a mortgage pre-approval if you are financing the home.  Speak to your local bank or mortgage broker and let them know you would like to purchase a HUD Home, they will let you know what the best type of ...

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Survey: Bidding Wars Aren’t the Big Problem Anymore

August 18, 2021

 Many would-be home buyers say they aren’t having much luck in finding a home. Sixty-six percent of buyers who were actively engaged in searching for a home in the second quarter say they’ve spent three months looking without success.In the fourth quarter of 2020 and the first quarter of this year, active house hunters blamed ...

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Home Prices Are Soaring. Is That the Fed's Problem?

August 12, 2021

Robert S. Kaplan, the president of the Federal Reserve Bank of Dallas, has been nervously eyeing the housing market as he ponders the path ahead for monetary policy. Home prices are rising at a double-digit pace this year. The typical house in and around the city he calls home sold for $306,031 in June of this year, Zillow ...

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How To Improve Your Credit Score To Help Secure a Home Loan

July 16, 2021

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ARE PRE-LIST REPAIRS/UPDATES A GOOD IDEA IN THIS MARKET?

July 15, 2021

               Both buyers and sellers ask this question.  The answer is both yes and no.  Many home sellers are reluctant to improve the home stating “it was good enough for us” and most importantly, will I get my money back or more by ...

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Is Now A Good Time To Buy A House? Find Out Who Really Knows

July 14, 2021

Real estate agents are often asked…Is now a good time to buy a house?  For those that are contemplating a purchase of a home, this question is especially worth consideration, given that we are deep in a sellers market, perhaps the most unpredictable one ever! Prices are rising to record breaking levels. Sellers are less willing to ...

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3 Best Tips For Buyer's Agents In A Seller's Market

May 13, 2021

The real estate game has gone tougher this year with the low inventory and homes selling fast like hotcakes (for about 20-40% above the asking price!). It's no doubt a seller's market this year and agents commonly go through a bidding war given the low supply and the high demand. We have new agents who just ...

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How To Buy A Home In An Extreme Seller’s Market (That’s Occurring During A Pandemic)

April 17, 2021

Natalie Campisi Spring is usually the start of the home-buying season, but 2021 might defy the old model, one that counted on seasonality—and the traditional ways we shop for houses.The pandemic has ushered in new rules for home shopping and buying. Instead of showing up unannounced to a packed open house—with finger-food platters that everyone picks ...

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How Do I Find The Right HUD Home For Me?

March 13, 2021

Post by: Nancy Braun, Showcase Realty Here Are Some Tips On How To Secure The HUD Home That Is Right For You Choosing the place you are going to call home is a big decision to make, and not one to take lightly. HUD homes are a popular choice, especially for first-time homebuyers. This is not surprising because ...

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5 Reasons to Sell Your House This Spring

March 11, 2021

5 Reasons to Sell Your House This Spring When selling a house, most homeowners hope for a quick and profitable transaction that puts them in a position to make a great move. If you’re waiting for the best time to win as a seller, the market is calling your name this spring. Here are five reasons why this ...

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How to Buy a Foreclosed Home

December 16, 2020

By Chris Kissell and Dawn PapandreaAS HOME PRICES SOAR IN many cities, buyers may look to foreclosures to land bargains on houses. Foreclosure happens when a borrower can no longer make mortgage payments, and the lender seizes and then sells the home to recover losses.Foreclosed homes are often sold for less than their market value.That discount could ...

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3 Safe Holiday Gift Giving Tips You Can Practice This Year

December 10, 2020

2020 is a bit hellacious, but it doesn't and shouldn't stop us from spreading holiday cheers - virtually, that is. Here are our Top 3 Gift Giving Tips for this year's holiday season.Shop online and ship swiftly and early. Technology and e-commerce have made it easy and convenient for busy people to still personally shop ...

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How the holiday season impacts the Real Estate market!

November 25, 2020

The timing of buying and selling homes are linked through several factors. It is common for buyers to work in a quicker time frame than most sellers when finding either the right time to buy or the best time to sell. While the holidays can be known for the joy and cheer that is around, it is also one ...

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Renting vs. buying a home: Which is right for you?

November 16, 2020

By Jennifer Bradley Franklin Renting vs. buying a home is a big decision, and there are pros and cons to each option. In recent years, a higher percentage of  U.S. households were renting than at any point since 1965, according to a Pew Research Center report.Renting vs. buying PROSCONSBuying• May build equity and credit• No landlord ...

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