Why Do You Want To Work With Me?
Get a positive, driven and confident partner for buying or selling a home:
- Trusted resource for answers about the process
- Innovative marketing strategies
- Expertise about neighborhood features
- Ability to target home searches
- Strong negotiation skills
- Support through the closing and beyond
ASK ABOUT HUDSON HEROES – I can save you money when buying or selling if you are a member of military(active or retired), law enforcement, fire & rescue, teaching, and healthcare fields! If you or anyone you know qualify, I can explain the homes for heroes program to you!!
INVESTORS AND LANDLORDS
Services I Can Offer – An agent should be qualified to handle all scenarios so they can best assist you. I can provide help with:
Contract for Deed – Rent to Own – Property Management – Leasing
A professional leasing specialist makes owning rental properties a profitable and hassle free experience. You should only use licensed Realtors to manage your largest investments. If current pricing does not favor you being able to sell today, let’s talk about the leasing option. Then when the price is right, we will get it sold for the price you want!!
Can You Still Buy With No Money Down?
Many potential buyers are not aware that there are still programs out there that allow you to purchase a home without you having to come up with the down payment funds. The options that are available are designed to promote home ownership, but they are limited to certain areas and have specified requirements to qualify.
Rural Housing Loans are designed to promote ownership in more rural areas that are not seeing the desire that metro areas are. As a part of USDA Rural Development, the mission is to improve the quality of life in rural areas. Housing and Community Facilities Programs helps rural communities and individuals by providing loans and grants for housing and community facilities. They provide funding for single family homes, townhomes, townhouses, and condos. In Western Wisconsin all areas qualify for the program even if the property is considered in town. In Minnesota, it only qualifies for areas that are considered outside the main metropolitan area. So, if you are considering this option in MN you should search the coverage area to determine if this is a good fit for you. The program allows you to buy a home with no down payment, and the state will guarantee and fund the loan.
The City of Woodbury MN has excellent payment assistance programs, one of which does not require you to be a first time home buyer. These programs will help you with $25,000 in down payment assistance! This program works especially well with certain conventional loans to help the first time home buyer remove the need for mortgage insurance on their loan. The $25,000 is a second mortgage with a rate of 3% and the payments are interest only. The city designed this program to promote ownership and combat empty properties.
One of the best programs for down payment assistance is available in the rest of the state of Minnesota. The Minnesota Housing Finance Agency offers a great program called HAF which can help with between $3,000 and $4,500 of assistance. This HAF down payment assistance is a second mortgage on your home but has no interest and requires no monthly payments. One great thing about the HAF program is that it can be used along with many other local city or county down payment assistance programs if they are available.
Contact me to find out more about what programs fit you. There are a variety of city, county, and state programs depending on the area you are considering.
Field Guide to Buying vs. Renting
Is it better to buy or rent? Whether renting is better than buying depends on many factors. The information listed here will assist you in helping answer this question. Included are statistics and studies on home owners and renters as well as financing options and tips.
Buy vs. Rent Comparison
The chart below shows a cost comparison for a renter and a homeowner over a seven year period.
The renter starts out paying $800 per month with annual increases of 5% The homeowner purchases a home for $110,000 and pays a monthly mortgage of $1,000
After 6 years, the homeowner's payment is lower than the renter's monthly payment
With the tax savings of home ownership, the homeowner's payment is less than the rental payment after 3 years