Experience you can trust. Professionalism you can count on.
Nobody knows Hutchinson, MN real estate better than the professional realtors at Hometown Realty. Their years of experience in the real estate industry and past successes make them the "go-to" realty company for people who are looking to buy or sell property in the Hutchinson, MN and McLeod county area. Whether it is residential, commercial, agricultural or lake property, Hometown Realty in Hutchinson, MN delivers results.
The recent ups and downs in today's economy have left a lot of questions when it comes to real estate. The Hometown Realty real estate blog will try to answer some of those questions and keep you informed on the latest trends in the industry and news regarding the Hutchinson, MN (and surrounding community) real estate market.
Find out for yourself why Hometown Realty is the realtor of choice in Hutchinson, Minnesota. Feel free to give us a call, send us an email or stop in to see us. Our friendly realtors can assist you with more information about Hutchinson, MN property listings, McLeod County homes for sale, and Hutchinson, Minnesota real estate.
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Great Housing News!
Posted on August 24th, 2009 No commentsOur Minneapolis Area Association of Realtors just announced the recent market activity numbers. There were 1,026 signed purchase agreements for the week ending August 15. That’s the most since 2005. There were 25,765 active listings for sale, which was the lowest since 2005. There were the fewest number of new listings for that week since 2002. All of these numbers relate to the Regional Multiple Listing Service, which we belong to and covers an area from about Hudson, WI west to Hutchinson, MN. These numbers are good indicators that the housing market is on track for a healthy recovery!
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Know All Your Options
Posted on August 19th, 2009 No commentsYesterday I talked with some people who had purchased their home from Hometown Realty a number of years ago here in Hutchinson, MN. They have both retired and had received a call about refinancing their home and reducing the number of years left to pay on their mortgage to 15 years (currently they have 25 years left to pay). This was very interesting to them. The mortgage people who contacted them suggested that they could get their interest rate on their mortgage down from 5.75% (current) to 4.65% (proposed). Their payment would increase a couple of hundred dollars per month. I asked how much the closing costs would be to refinance and they thought about %4,000 – $5,000. While visiting with them, I asked if they were comfortable with the higher payment that was being suggested and they said, “yes.” So, I suggested to them that rather than increase the amount of money that they owe ( current principal amount plus new closing costs), that they simply pay the higher payment on their current mortgage. By doing so they would reduce the amount of time left on their mortgage easily to 15 years. They were so glad they called and talked to us about this. So, the moral of the story is “Know All Your Options.”
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Will That New Car Affect Your Homebuying?
Posted on August 10th, 2009 No commentsThis past weekend, I went for my normal walk on Sunday afternoon here in Hutchinson, MN and noticed a large number of cars with “new car” stickers being driven down the road. My first thought was, “Good for all the car dealers and the buyers of those vehicles.” I’m sure the onslaught of new vehicles is a direct effect of the new stimulus package. Then I got to thinking, “if any of those folks who ran out and bought new cars were planning to purchase a home in the near future, there could be negative repurcussions because of their purchase of the new car. So, if you plan to buy a home in the next year or so, be sure to talk to your mortgage broker before purchasing that new car (or any other large purchase) to find out if it will affect your buying abilility for a new home.
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Technical Difficulties
Posted on August 4th, 2009 No commentsWe are experience technical difficulties with our search for homes that are for sale and hope that it will be up and running the way it should be soon! We apologize and please feel free to call us or e-mail us at info@hometownmn.com if we can answer any questions for you. Thank you for your patience.