Top 5 things to think about as a First Time Home Buyer

1. DON’T BUY IF YOU DON’T PLAN TO STAY

2. START BY SHORING UP YOUR CREDIT

3. CHOOSE CAREFULLY BETWEEN POINTS AND RATE

4. HIRE A HOME INSPECTOR

5. GET PROFESSIONAL HELP "Hint Modern Market Realtors"

Shannon Barnum Top Real Estate Agent

Shannon Barnum top-rated local Fargo, North Dakota real estate agent. Find great Fargo-Moorhead real estate professionals See information about the housing market and Find the right Fargo-Moorhead real estate agent.on realtor. Choose from the Best Real Estate Agents in Your Area - Save Time and Money! we know Fargo Moorhead. Unparalleled integrity, responsiveness, market knowledge and customer-centric service are what set us apart. Our firm of Realtors is comprised of experts on every area of Fargo, North Dakota. Whether you’re looking for a family home in West Fargo or a studio Downtown, there is a Modern Market Realtor perfect for the job. We love what we do and are committed to exceeding the expectations of our clients. Our real estate agents love finding ways to support, volunteer, and raise awareness for the many wonderful charitable organizations in town.

Give us a call today and get started Call 701-491-2000

Find Fargo ND Realtors, Jim Christl | Shannon Barnum

Are you looking for Top Real Estate Agents in Fargo ND? Here you go Jim Christl and Shannon Barnum at FargoHomeSearch.com.

Licensed Real Estate Agents at Modern Market Realtors in Fargo ND and Moorhead MN
If you are looking for licensed realtors or real estate agents in the Fargo ND or Moorhead MN area? Fargo-Moorhead agents and realtors have extensive experience in helping first-time home buyers. We can help you search and locate the houses that match your budget, your designed location and your criteria. As agent members of FMAAR-Fargo Moorhead Area Association of REALTORS, Fargo, ND MLS, Modern Market Realtors have unlimited access to the MLS database and will be happy to search the ideal home for you.

Modern Market Realtors
1306 24 ave S
Moorhead, MN 56560
(701)205-5517
https://fargohomesearch.com
https://g.page/FargoRealtors

A #SmallThanks from Modern Market Realtors to you - March 2019

Best Realtors in Fargo | Modern Market Realtors

Modern Market Realtors | Voted Best Realtors in Fargo Moorhead

Here is the best agents in Fargo real estate as rated by the Fargo ND community on google. Want to see who made the cut? Modern Market Realtors a team of seasoned Realtors doing business in the Fargo, Moorhead and West Fargo Area.

Best Realtors in Fargo Moorhead

 

Modern Market Realtors  
1306 24th Ave S, Moorhead, MN 56560

 Phone: (701) 205-5517

FargoHomeSearch.com

Modern Market Realtors: Modern Market Realtors | Fargo Moorhead Real Estat...

Modern Market Realtors: Modern Market Realtors | Fargo Moorhead Real Estat...: Modern Market Realtors is a Fargo Moorhead Real Estate company. Serving the FM area for over 20 yrs. Our Services for Sellers: We  specia...

Modern Market Realtors: Fargo Real Estate | Beware Home Buyers of the Adm...

Modern Market Realtors: Fargo Real Estate | Beware Home Buyers of the Adm...: As a home buyer, you don't pay any Realtor fees, at Modern Market Realtors our professional services to you are 100% FREE! Not only...

Modern Market Realtors  
1306 24th Ave S, Moorhead, MN 56560

 Phone: (701) 205-5517

Fargo Real Estate | What are home interest rates looking like in 2019?

The outlook for real estate in the Fargo Moorhead area looks strong even with all the head winds we have had in 2018. Our thoughts at Modern Market Realtors are that rates will remain stable thru 2019, in spite of the tariffs and the govt shut down.  Chances look great for business as ususal in the Fargo Moorhead area.  But Don't take our opinion here is what the big boys say.

Read More Here

Modern Market Realtors: Happy Holidays to Fargo Real Estate

Modern Market Realtors: Happy Holidays to Fargo Real Estate: Everyone at Modern Market Realtors would like to wish a Happy Holidays to All our home buyers and home sellers in Fargo, Moorhead and West...

What the Heck are Specials or Special Assessments in Fargo Moorhead?

Please answer | What are specials or special assessments in Fargo Moohead home ownership? Here at Modern Market Realtors we get asked a lot, what the heck are specials on property and why does no other area of the country have them? If you grew up here you probably have heard of them but if not, it does seem very foreign. Specials are just another way these cities raise money to pay for all the extras that come when new neighborhoods are built or if work needs to be done in older neighborhoods.
Call for more details 701-491-2000

To read more click here

Modern Market Realtors: Jim Christl Fargo ND Real Estate Agent

Modern Market Realtors: Jim Christl Fargo ND Real Estate Agent: Modern Market Realtors 1306 24 Ave S Moorhead MN 56560 Office -(701) 205-5517 Home Phone -(701) 205-5517 Mobile-(701) 205-5517 Emai...

Modern Market Realtors: Fargo Moorhead just seems to avoid those crazy ups...

Modern Market Realtors: Fargo Moorhead just seems to avoid those crazy ups...: Fargo Moorhead Real Estate has always been an anomaly in the big picture of housing. The FM area which I have lived in for over 30 yrs, al...

Video 366 Edgewater Dr West Fargo ND Reduced Price Modern Market Realtors

Fargo Moorhead Realtors: Modern Market Realtors: 366 Edgewater Dr, West Far...

Fargo Moorhead Realtors: Modern Market Realtors: 366 Edgewater Dr, West Far...: $400,000 NO SPECIALS!! Immaculate, beautiful home in desirable Charleswood Neighborhood! Welcoming porch entry. Vaulted ceilings &am...

Modern Market Realtors: FargoHomeSearch.com: Jake and Lori Scott Another H...

Modern Market Realtors: FargoHomeSearch.com: Jake and Lori Scott Another H...: Jake and Lori another happy customer! Thanks guys, you were so much fun! hope you enjoy your new home and life. FargoHomeSearch.com  T...

Modern Market Realtors: For Sale: 3133 E 5 Street, West Fargo, ND 58078

Modern Market Realtors: For Sale: 3133 E 5 Street, West Fargo, ND 58078: Gorgeous 3 Lvl with added touches, maint free fence, deck and shed, additional square footage added to accommodate 4 bedrooms, kitchen ha...

Modern Market Realtors: Why existing homes will becoming more and more att...

Modern Market Realtors: Why existing homes will becoming more and more att...: Existing Home Definition:Existing home sales is an economic indicator released by the National Association of Realtors. The data reflect th...

Find out the current value of your home HERE! - "Quick & Easy"

You will receive this information quickly, by email and without having to speak with an agent!

Complete the required information on your home and you will receive a complimentary Computer Analysis indicating your home's approximate present value on the market today.

Simple...Automated...Dependable...

Fargo Home Buyer Alert: What is a credit score.

Our credit score can mean the difference between being denied or approved for credit, and a low or high interest rate. A good score can help you qualify for an apartment rental and even help you get utilities connected without a deposit.

So what is it?

Your credit score is a three-digit number generated by a mathematical algorithm using information in your credit report. It's designed to predict risk, specifically, the likelihood that you will become seriously delinquent on your credit obligations in the 24 months after scoring.
There are a multitude of credit-scoring models in existence, but there's one that dominates the market: the FICO credit score. According to myFICO.com, the consumer website for the FICO score developer, "90 percent of all financial institutions in the U.S. use FICO scores in their decision-making process."
FICO scores range from 300 to 850, where a higher number indicates lower risk. What's a good score?
A consumer has three FICO scores, one for each credit report provided by the three major credit bureaus: Equifax, Experian and TransUnion. Unfortunately, consumers currently have access to only their Equifax and TransUnion FICO scores. Experian ended its agreement with myFICO.com in 2009.
What goes into a credit score?
Data from your credit report goes into five major categories that make up a FICO score. The scoring model weighs some factors more heavily, such as payment history and debt owed.

Payment history: (35 percent) -- Your account payment information, including any delinquencies and public records.
Amounts owed: (30 percent) -- How much you owe on your accounts. The amount of available credit you're using on revolving accounts is heavily weighted.

Length of credit history: (15 percent) -- How long ago you opened accounts and time since account activity.
Types of credit used: (10 percent) -- The mix of accounts you have, such as revolving and installment.
New credit: (10 percent) -- Your pursuit of new credit, including credit inquiries and number of recently opened accounts.
Personal or demographic information such as age, race, address, marital status, income and employment don't affect the score.

Different score impact for same missteps
How much does a specific change affect a credit score? The answer is usually "it depends," and for good reason. Credit score developers don't reveal the exact point deductions. The weight of any given activity can also vary for different credit histories.

Within a scoring model, there's more than one formula used to calculate a score, and each formula is designed for a category of consumers with similar credit profiles. The information in your credit report determines which formula is used. If you are new to credit, for instance, the scoring model will put you into a category for people with young credit histories, and use a scoring formula specific to that group. Such groups are called scorecards. Within that group, recent inquiries may cost more points than they would for a different group.

How to check your credit score

Federal law mandates the consumer's right to a free credit report annually from each credit reporting agency, but not to a free credit score. Use our FICO score estimator to get your score range free of charge. To get your exact number, you have to purchase it from a score provider, such as myFICO.com or one of the reporting agencies.

Make Moorhead Home New Construction Property Tax Rebate Program

 

Instructions:

How do I qualify for the new construction rebate?

To qualify, the property must:
Be located within Moorhead City limits and classified as 1a,1b,2a,4b or 4bb (1-3 unit residential). The classification of your property can be found on your property tax statement or by contacting the City Assessor. The property must be new construction with no part of the structure commenced prior to January 1, 2012. Construction of the property must commence prior to December 31, 2014. Construction is deemed to have commenced if a city building permit has been issued and the mandatory footing or foundation inspection has been completed.

What is the benefit?

For property classified as 1a,1b,2a,4b or 4bb (1-3 unit residential) the rebate is the entire market value of the land and new improvements. The rebate includes the two payable tax years that correspond with the two assessment years after construction commenced.

How does the new construction credit work?

Builders or purchasers of new homes for which construction commenced between January 1, 2012 and December 31, 2014 are eligible for a rebate of some or all general real estate taxes for the first two years following home construction. There is no minimum or maximum market value limit, and land value is included. Special levies such as school bond referendum, watershed, and economic development are not included in the rebate. Special assessments are not part of the rebate.

What if the residence sells during the rebate period?

Once an application is submitted and approved on a residence, the parcel is eligible for two payable tax years even if the ownership transfers. If the residence is constructed on or before August 31, 2012, I understand my rebate will be smaller than homes built after September 1.
 
Will I get the full amount the second year?

No. Construction activity that began prior to September 1, 2012 is not eligible for the Clay County portion of the tax payments for either year of eligibility. 

When will I get my rebate check?
Tax payments are required to be paid as due on May 15th and October 15th of each year. A rebate of the eligible portion of the tax payments will be mailed by the Clay County Treasurer in December of each year of eligibility. 

How do I apply?

Complete the application and return it to the City Assessor. Completed applications must be returned by January 31 of the year following the commencement of construction. Click here to download Application.

How we use information

The county/city assessor may share the information contained on this form with the County Auditor, County Attorney, Commissioner of Revenue or other federal, state or local authorities to verify your eligibility for the rebate. You do not have to provide this information. However, refusal may disqualify you from consideration for the rebate. 

Penalties 

Making false statements on this application is against the law. Minnesota Statutes, Section 609.41 states that giving false information in order to avoid or reduce their tax obligations can result in a fine up to $3,000 and/or up to one year in prison. 

For more information contact:

City of Moorhead

ATTN: Assessor Dept.

500 Center Avenue

Moorhead MN 56560

(218) 299-5310

Assessor@cityofmoorhead.com

www.makeMoorheadhome.com

I saw a black drone over new york city

This morning I saw a Drone flying over my home in new york city did anyone else see this drone over NYC? Any comments about the Black Drone over NYC let me know if you saw the black drone over New York City. here is the picture I took of the drone over my New York Home. New York's Joint Terror Task Force also is investigating, according to both ABC News and the New York Post report. Both cite unnamed sources. "He was very clear as to what he saw," a source tells the Post about the pilot's account of "a black drone." Other than the pilot's sighting, the Alitalia flight landed at JFK without incident. An aviation expert tells the Post it's possible the unverified flying object was an enthusiast's model aircraft. However, the expert – also unnamed – said he couldn't recall any other incidents in which such a model veered so close to a commercial aircraft. Even if it was a remote-controlled recreational model, FAA guidelines say such objects may only fly to 400 feet high and must alert air traffic control if they are going to fly within three miles of an airport, according to CNN. The object reported by the Alitalia pilot was at about 1,500 feet, ABC News' sources say. CNN adds that "flying unmanned aerial vehicles is illegal for most business purposes; however, governments and public entities such as police departments can apply for permission to operate them."

2013 Spring Parade Of Homes Fargo ND

The 2013 Spring Parade of Homes hosted by Home Builders Association of F-M will be April 27-May 5. Company Overview The Home Builders Association of Fargo-Moorhead hosts two Parade events each year, one in the spring and one in the fall. Admission is free. Description The spring Parade, held over nine days, will include homes in a wide range of prices built by HBA of F-M builders, each with his or her own distinct style. Bright yellow and blue directional signs and pennants will mark homes participating in the parade.Hours are 6:30 - 8:30 p.m. weekdays and noon - 5 p.m. weekends. 

Let us Help you find that FHA Lender in Fargo

Let FHA Loans Help You FHA loans have been helping people become homeowners since 1934. How do we do it? The Federal Housing Administration (FHA) - which is part of HUD - insures the loan, so your lender can offer you a better deal. Low down payments Low closing costs Easy credit qualifying What does FHA have for you? Buying your first home? FHA might be just what you need. Your down payment can be as low as 3.5% of the purchase price, and most of your closing costs and fees can be included in the loan. Available on 1-4 unit properties. Want a fixer-upper? FHA has a loan that allows you to buy a home, fix it up, and include all the costs in one loan. Or, if you own a home that you want to re-model or repair, you can refinance what you owe and add the cost of repairs - all in one loan. Financial help for seniors Are you 62 or older? Do you live in your home? Do you own it outright or have a low loan balance? If you can answer "yes" to all of these questions, then the FHA Reverse Mortgage might be right for you. It lets you convert a portion of your equity into cash. Want to make your home more energy efficient? You can include the costs of energy improvements into an FHA Energy-Efficient Mortgage. How about manufactured housing and mobile homes? Yes, FHA has financing for mobile homes and factory-built housing. We have two loan products - one for those who own the land that the home is on and another for mobile homes that are - or will be - located in mobile home parks.

 Let us find you a FHA Approved Lender in Fargo.
 FM Realtors.net
Call Anytime for Assistance

Fargo Homebuyer Assistance Program Policy

Homebuyer Assistance Program Policy Statement I. Program Description This program is designed to assist low and moderate income households in Fargo with down payment and closing costs to purchase a home. The assistance from the Fargo Home Buyer Assistance Program is in the form of a zero interest loan due payable upon sale of the home. Funds for the program are from the Department of Housing and Urban Development (HUD). II. Program Eligibility Persons that wish to receive assistance must attend a homebuyer education course that is approved by the City of Fargo prior to making an offer to purchase a home. The combined gross annual income of all household members must be below the HUD limits outlined below. Income is based on projected income. "Household size" includes all members living in the household and does not include anticipated births or adoptions. The income limits are subject to change on approximately an annual basis. 1 person household = $36,400 2 person household = $41,600 3 person household = $46,800 4 person household = $52,000 5 person household = $56,150 6 person household = $60,300 7 person household = $64,500 8 person household = $68,650 The applicant's projected cash assets, at the time of application, cannot exceed 20 percent of the purchase price of the property. Cash assets include, but are not limited to: checking and savings accounts, certificates of deposits, earnest money deposit, gift funds, residential property assets, and cash on hand of all adult household members. Cash assets do not include Individual Retirement Accounts or other similar retirement investments to which access is limited or restricted. III. Eligibile Property The property must be located in the City of Fargo. Eligible properties are existing or newly constructed, one-unit, single family residences, including condominiums and manufactured homes permanently attached to real property. Properties located within a 100-year flood plain are not eligible for this program. The property must conform and comply with all current zoning ordinances, or an agreement must be reached as to when and how conformance and compliance will be achieved. HUD requires the Mortgagor (buyer) will have to sign a Land Use Restriction Agreement that will restrict the use of the property to residential. The purchase price for the property cannot exceed $135,000 for existing or newly constructed homes. This limit is subject to change by HUD. Due to tenant displacement costs, properties that were occupied, by someone other than the seller or proposed buyer, at any time during the 3-month period immediately preceding the date of the purchase agreement are not eligible for the Fargo Home Buyer Assistance Program. The 3-month period is determined by using the date of the earnest money agreement. An exception to this limitation is when the tenant gives notice of their intent to vacate the property prior to an offer to purchase the property. This exception must be approved by the City of Fargo before proceeding with an application for assistance. The property must meet the Housing Quality Standards and Environmental Review Requirements (HQS/ER) of the Department of Housing and Urban Development. If the inspection reveals repairs that are needed, a re-inspection of the property must be conducted to verify the completion of the repairs. Repairs that cannot be completed due to weather conditions will follow the guidelines for completion used by FHA. Any identified lead paint hazards will cause an HQS to fail and will trigger the need for re-inspection, once the appropriate repairs have been made. (Reference additional lead paint guidelines that follow.) The inspection must be done by a qualified appraiser or other person approved by the City of Fargo. Newly constructed homes will meet HQS requirements if they have a Certificate of Occupancy for the City of Fargo. On all applications for assistance, the seller must make additional recitals (disclosure of property rental history) that are contained in the Affidavit of Seller. IV. Use of Funds The funds can only be used to assist with the Mortgagor's down payment, closing costs, and prepaid items and to enhance the mortgagor's equity position (i.e., pay down the mortgage principle prior to loan origination). Costs that are normally associated with the seller are ineligible. These funds cannot be used to curtail principal after loan origination (i.e., buyer cannot receive cash at closing but excess funds should be used to reduce loan principle prior to closing). If the mortgagor has prepaid certain closing cost items such as the appraisal fee, credit report fee, or first year hazard insurance premium, the HUD Settlement Statement can show the Mortgagor receiving cash reimbursement for such prepaid items, as long as it does not exceed the amount prepaid. V. Level of Assistance The assistance is $5,000, which includes a $50 lender processing fee that is paid by the borrower. Closing costs include the lender processing fee and document recording fees that are associated with the assistance. The assistance from the Fargo Home Buyer Assistance Program is in the form of a zero interest loan due payable upon sale of the home. The Note and Mortgage will be taken in favor of the City of Fargo for the amount of the assistance. VI. Repayment At the time of sale, the repayment of the City of Fargo downpayment assistance loan will be calculated from the Net Proceeds of the sale. "Net Proceeds" is defined as the sales price minus the original purchase price, plus allowable closing costs. The amount due under the promissory note and second mortgage will be determined by the City of Fargo at the time a release of mortgage and Land Use Restriction Agreement (LURA) is requested. More Info at Modern Market Realtors

Home buying Assistance in fargo

Program Description 
This program is designed to assist low and moderate income households in Fargo with down payment and closing costs to purchase a home. The assistance from the Fargo Home Buyer Assistance Program is in the form of a zero interest loan due payable upon sale of the home. Funds for the program are from the Department of Housing and Urban Development (HUD). Read More Here
For more information contact Modern Market Realtors

Modern Market Realtors Mission

Modern Market Realtors mission is to provide excellent real estate service to ALL of our clients.
We have over 17 years combined real estate experience to ensure you are in the hands of only EXPERT Realtors to guide you throughout the entire process of buying or selling your home. We work as a team so that someone is always available when YOU need us...ANYTIME! We work together to make sure your experience is hassle free and a positive experience. Modern Market Realtors was designed to use today’s innovation to simplify the home buying and selling process. We are here to make your transaction stress free and as fun as it should be.

Log on www.fmrealtors.net

New Residential Construction Loan Guarantee Program Coming from Congress

There is a New Residential Construction Loan Guarantee Program working its way throughfrom CongressDetails coming soon. It will unfreeze credit for small home builders.

Attention Fargo Home Buyers. First-Time Home Buyer Tax Credit Unbelievable Deal.

1. Who is eligible to claim the tax credit?
2. What is the definition of a first-time home buyer?
3. How is the amount of the tax credit determined?
4. Are there any income limits for claiming the tax credit?
5. What is “modified adjusted gross income”?
6. If my modified adjusted gross income (MAGI) is above the limit, do I qualify for any tax credit?
7. Can you give me an example of how the partial tax credit is determined?
8. How is this home buyer tax credit different from the tax credit that Congress enacted in July of 2008?
9. How do I claim the tax credit? Do I need to complete a form or application?
10. What types of homes will qualify for the tax credit?
11. I read that the tax credit is “refundable.” What does that mean?
12. I purchased a home in early 2009 and have already filed to receive the $7,500 tax credit on my 2008 tax returns. How can I claim the new $8,000 tax credit instead?
13. Instead of buying a new home from a home builder, I hired a contractor to construct a home on a lot that I already own. Do I still qualify for the tax credit?
14. Can I claim the tax credit if I finance the purchase of my home under a mortgage revenue bond (MRB) program?
15. I live in the District of Columbia. Can I claim both the Washington, D.C. first-time home buyer credit and this new credit?
16. I am not a U.S. citizen. Can I claim the tax credit?
17. Is a tax credit the same as a tax deduction?
18. I bought a home in 2008. Do I qualify for this credit?
19. Is there any way for a home buyer to access the money allocable to the credit sooner than waiting to file their 2009 tax return?
20. If I’m qualified for the tax credit and buy a home in 2009, can I apply the tax credit against my 2008 tax return?
21. For a home purchase in 2009, can I choose whether to treat the purchase as occurring in 2008 or 2009, depending on in which year my credit amount is the largest?

Fargo Moorhead Premier Home Lenders

Fargo ND Because you need quick action when applying for a real estate purchase loan, find a lender you can access easily. A lender's quick response signifies good service to follow.

Once you know your middle credit score, look for a lender appropriate to your specific needs. When ready to make offers to purchase, apply for credit with lenders. Choose at least three lenders to apply with and do it at the same time. Call all your prospective lenders during the same week. This counts as only one inquiry on your credit report. Credit bureaus expect borrowers to shop for a loan.

The best way to find a good lender in fargo is to ask a real estate investor or for a referral. Also, escrow officers and real estate agents know lenders who close loans efficiently in a timely manner. Avoid advice from agents or others who receive a kick-back commission for referring you, because you may pay for this referral with added charges to your loan.

Lender's Checklist
Ask potential lenders about the following requirements and costs according to a price range you think matches your needs. This also helps determine what you need to look for in a property.

1. Qualifications:
- Middle credit score
- Income

2. Loan costs:
- Points
- Processing fees
- Additional "garbage" fees (underwriting fees, loan documentation preparation fee, filing fees, credit report)
- Hidden costs
- Prepayment penalty
- Interest Rate
- PMI (mortgage insurance)

Are loan costs added to loan or prepaid? Is the seller allowed to pay a percentage of nonrecurring closing costs for the borrower? What is the maximum allowable seller contribution?

3. Requirements:
Percentage of purchase price required down? Or loan to value ratio? What about the condition of the property? Do they finance "fixers"?

A Better Way to Find Your Lender
After you work through all the details of the lender's checklist, you understand better the available possibilities. Now, from a different point of view, work backwards. Instead of asking the lenders what they offer you, tell them what you want and find the lender who best matches your terms. Create your own wish list of your personalized loan needs.

Personalized Borrowers Lender Checklist
Is this purchase an owner-occupied or an investment property?
What percentage do you want to put down?
If you want to sell right away, can you avoid prepayment penalties?
Do you need the loan to finance a fixer?
How much of a fixer do you want to tackle?
How flexible are the lender's appraisers?
Do you need a cooperative appraiser?
Do you care about "garbage fees" and need costs to be added to the loan?
Do you want to pay PMI, or a first and a second, or neither?
Do you want the seller to contribute to your closing costs?
How much do you want the seller to contribute?
How many points do you agree to pay up front or add to the loan?
Are super low payments available?

Make your own checklist according to your abilities and find the lender who comes closest to your needs. Remember, a good mortgage broker wants your business and works hard to find the right loan out of thousands to best suit your requirements. However, asking a lender for impossible demands wastes your time and theirs.

Notice the difference in real estate loan requirements, loan costs, and lender's attitudes. Figure out your qualifications, your loan needs, and find a matching lender with first-class service.

Find More Real Estate Locally

Fargo Media: When I find the home I want, how much should I offer?

Find Your Fargo Moorhead Realtor
Answer: Again, your fargo Moorhead real estate broker can help you here. But there are several things you should consider: 1) is the asking price in line with prices of similar homes in the area? 2) Is the home in good condition or will you have to spend a substantial amount of money making it the way you want it? You probably want to get a professional home inspection before you make your offer. Your real estate broker can help you arrange one. 3) How long has the home been on the market? If it's been for sale for awhile, the seller may be more eager to accept a lower offer. 4) How much mortgage will be required? Make sure you really can afford whatever offer you make. 5) How much do you really want the home? The closer you are to the asking price, the more likely your offer will be accepted. In some cases, you may even want to offer more than the asking price, if you know you are competing with others for the house. Take full advantage of all your realtors resources.

Find a Fargo Professional Here for more info.

How do I find a lender in Fargo Moorhead?

Answer: You can finance a home with a loan from a bank, a savings and loan, a credit union, a private mortgage company, or various state government lenders. Shopping for a loan in fargo moorhead is like shopping for any other large purchase: you can save money if you take some time to look around for the best prices. Different lenders can offer quite different interest rates and loan fees; and as you know, a lower interest rate can make a big difference in how much home you can afford. Talk with several lenders before you decide. Most lenders need 3-6 weeks for the whole loan approval process. Your fargo moorhead real estate broker will be familiar with lenders in the area and what they're offering. Or you can look in your local real estate Magazines like the Red River Home Guide - You can find FHA-approved lenders in the Yellow Pages of your phone book. HUD does not make loans directly - you must use a HUD-approved lender if you're interested in an FHA loan.

Find a Loan Officer in Fargo Moorhead here.

Why should I buy, instead of rent in fargo Moorhead?

Answer: A home in fargo moorhead is an investment. When you rent, you write your monthly check and that money is gone forever. But when you own your home, you can deduct the cost of your mortgage loan interest from your federal income taxes, and usually from your state taxes. This will save you a lot each year, because the interest you pay will make up most of your monthly payment for most of the years of your mortgage. You can also deduct the property taxes you pay as a homeowner. In addition, the value of your home may go up over the years. Finally, you'll enjoy having something that's all yours - a home where your own personal style will tell the world who you are.

The Red River Home Guide Fargo Moorhead and the lakes