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Encouraging Signs
Published November 11, 2010 | 
I knew it had been a while since I had last wrote here, but I didn’t realize it had been August! Well, I know where much of the time was spent.
We saw a significant increase in housing activity at Hometown Realty during the months of August, September, and October. People seemed to gain some confidence in their jobs and the general economy here in the Hutchinson, MN area. A number of people who sold and purchased homes in the last few months have jobs at 3M, Hutchinson Technology, Hutchinson Community Hospital, etc.
One of the primary buying reasons that I heard was the fact that the interest rates were so low, that they knew if they were going to make a move it was definitely time to do so. They understood that they may not have a more advantageous time to be purchasing a home than right now.
As we move into the fall and winter I hope that people will continue to realize that housing prices are very good (for buyers) and coupled with the low interest rates, it makes their dreams of home ownership so reachable.
Loan Modifications – The Good and The Bad
Published March 3, 2010 | Many homeowners have been able to take advantage of the loan modifications that some of the lenders are doing on mortgages that either are in trouble or may soon be.
We at Hometown Realty here in Hutchinson, MN have clients who have been able to work out modifications with their lenders to lower their monthly payments by hundreds of dollars and now are able to stay in their homes.
Some of the modifications have required the homeowner to come up with some cash at the time of the modification, some of the loans have been extended to 35 and 40 years, while others have simply lowered interest rates to allow for lower monthly payments.
That’s all the good, now for the bad. These loan modifications will affect the homeowner’s credit scores negatively. This isn’t always explained clearly to the homeowners who become surprised down the road when they learn that their credit scores have dropped considerably.
So, if you are considering doing a loan modification, be sure you know all the ramifications before you proceed.
Attitudes are Improving
Published February 20, 2010 | I just came from the Hutchinson Home Landscape and Garden show that is being held at the McLeod County Fairgrounds here in Hutchinson, MN. The show ends at 4:00 p.m. on Sunday, February 21, 2010.
It was encouraging to visit with all the people who came to the show this year. Almost everyone that I visited with seemed to be much more upbeat about our economy. This is completely different than it was a year ago at the same show.
In talking to many of the vendors who have booths there this year, almost all of them told me that they had done a lot more business this year than in the past.
All of these things are good signs that people are beginning to regain confidence in our economy.
At Hometown Realty our first two months of 2010 has shown good improvement over 2009 for the real estate market here in Hutchinson, MN.
All of this seems to tell me that things are getting better and let’s hope that this momentum will continue throughout 2010!
Cancelling the Listing
Published November 16, 2009 | Late last week we got a call from one of our sellers who said they needed to cancel their listing. Now, we are usually concerned when sellers want to cancel, but this time we were all celebrating!
Why? The reason they wanted to cancel their listing for their home here in Hutchinson, MN was that they were rehired at Hutchinson Technology. Now they don’t have to move!
This was wonderful news for them and for our entire community. The fact that one of our major employers is once again hiring some of the people who had lost their jobs earlier is a good sign that the worst of times may be behind us.
So, this time when the seller called to cancel their listing, it was a good thing!
Experienced Agents Can Save You Money
Published October 30, 2009 | This morning I got a frantic call from a new home buyer ( we closed yesterday.) They said that the plumbing wasn’t working right in the house they had just bought. I asked what they meant by not working right, and they explained the problems they were having.
The home that they purchased in Hutchinson, MN had been vacant for about 6 or 7 months. I knew from past experience with problems like this that more than likely the problem was simply coming from the fact that things hadn’t been used for some time. I suggested that they run a lot of water through everything and see if things didn’t straighten out.
I just talked to them and everything is working just fine now! An inexperienced agent may have told them to call a plumber which would cost somebody a bunch of money. Then there would be the adventure of figuring out who was going to pay for the plumber’s bill, the former seller or the new buyer.
So, experienced agents can save you money even after you own your new home!
Posted in Uncategorized | 
home buyer, homes for sale, hometown realty, hutchinson, mn | 
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