Understanding Different Types of Loans
Understanding Different Types of Loans Today's homebuyer has more financing options than have ever been available before. From traditional mortgages to adju ...
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Get to Know Our Home Team
Buying a Home
Why Hire a Our Home Real Estate Agent?
- It's Free! - Would You use Your Opponents attorney? Essentially that is what You are doing if You buy from a Listing Agent - Avoid Over Paying - Peace of Mind - Get the Best selection of Homes on the market -1st Time Home Buyers
Our Home Real Estate Buying Features
- Home Search includes but not limited to agent MLS, For Sale By Owners(FSBO) and HUD - Buyer Market Analysis(BMA) - New and Existing Home Representation - Smooth Move Check List - Sale and Purchase Agreement Negotiation - Financing - HUD-1 Settlement Review - Closing - After the Closing - International Relocation Network - What Does this Cost? How about better than Free.
- Let a Our Home Agent Save You Time, Energy and Your Money..
Buyer Tips
Should I Own Or Should I Rent?
10 Steps to Buying Your Home
1- Needs Analysis
2- Preapproval vs. Prequalification
3- Neighborhood Information
4- Home Search
5- Making an Offer
6- Negotiating to Buy
7- Vendor Coordination
8- Pre-Close Preparation
9- Closing
10- Post-Closing
Should I Own Or Should I Rent?
Do I rent or do I buy? Many people struggle to find the answer to this question. And although most people will eventually decide to purchase a home, because of their financial situation, some prospective buyers might want to wait to commit. Still, owning your own house is an excellent investment, and can be instrumental in helping you reach your long-term financial goals.
To decide if now is a good time for you to buy a home, allow us to help you consider the following advantages of buying:
Current Costs
To decide whether it makes more sense to buy or continue renting, consider this: it is often far cheaper to own a home than to rent one. It sounds almost counter-intuitive - spending a couple hundred thousand bucks on a house should make you broke, not help you save money! Well, you may be surprised to find out that, if you do it right, you'll wind up actually saving money rather than losing it when you buy a home.
To find out how much you can afford to spend on a home while having the same or lower monthly cost as your current rent, simply complete the following formula:
Current Monthly Rent x 200 = Purchase Price of a Home You Can Afford.
So, using this formula, if you are currently spending $750 per month on rent, you can afford to purchase a $150,000 home, which will also provide you with tax savings. Additionally, your future costs will be lower.
Future Costs
The most important thing to consider when contemplating the purchase of a home is not its cost now, but its cost in the future. In other words, how will your monthly payments for you home compare with monthly rent payments ten years down the line? As a lessee, you are not protected from increases in the cost of living, also known as inflation, so your landlord can increase the price of your monthly rent at his or her discretion. A reasonable forecast for annual increases in your monthly rent payments is four percent per year. Although an increase in rent from $750 to $780 per month ($30 being four percent of $750) might not sound like a whole lot, if you continue to rent year after year, it certainly adds up.
On the other hand, if you own your home, and use a fixed-rate mortgage to finance the purchase, the great majority of your housing costs are not subject to inflation. That means that you will be saving a great deal of money in the long run!
If you would like to learn more about the pros and cons of purchasing a home, please contact us.
Refinancing
Refinancing Refinancing your home can be an excellent way to bring down your monthly mortgage payment, raise cash, or consolidate debts with high interest r ...
Closing Costs
Closing Costs The bundle of fees associated with the buying or selling of a home are called closing costs. Certain fees are automatically assigned to either ...
15-Year, 30-Year, or a Biweekly Mortgage?
15-Year, 30-Year, or a Biweekly Mortgage? In the past, the 30-year, fixed-rate mortgage was the standard choice for most homebuyers. Today, however, lenders ...
Certifications
Selling A Home
- How much is your home worth?
- Why list with us?
- Prepare your house for sale
Our Home Real Estate offers several listing programs to home sellers. Our Listing programs are designed to give You, the seller, the Most Flexible Options when selling Your Home.
We actually advertise Your Home. Sounds funny but We have been in business a long time and know that Realtors are spending less on advertising to save their shrinking commissions. At Our Home Real Estate, We give You the choice and make it Our Transaction Together!
Introducing..Seller..Menu..Marketing..
Silver Listing Option
Our Economical way to market Your Home. A Strong market plan at a fraction of the cost, comparable to a competitors full service plan..
This plan Includes:
A comprehensive market analysis - A comprehensive marketing plan - Staging advice - Secure showings - Listing on the MLS
Your home will also be seen on Realtor.com with Enhanced Listings, OurHome4you and 11 other Our Home Real Estate websites, Edina Realty, Coldwell Banker, Remax, Counselor Realty, Pioneer Press, and 150 other Real Estate Brokers websites and counting. Then We step it up and advertise on 100+ other websites: We take the Internet and Your Advertiseing Serious: We Advertise on these Real Estate websites, About, AltVista, AOL, AskJeeves, Backpage, City Cribs, C/NET, CNN, Craiglist, E Bay, Edgeio, Excite, Facebook, Homescape, Google Base, Harmon Homes.com, Homes.com, HomeGain, HotPads.com, House.com, HouseHunting, The Housing Pages, Index.com, Local.com, LookSmart, Lycos, Meta Crawler, MSN, My Next Deal, NetScape, NetZero, Oodle, Trulia, Point2Homes, PropBot, PropSmart, Real Estate Advisor, Real Estate.com, SwitchBoard, UsCondoExchange, Vast, Webcrawler, Zillow, Yahoo Real Estate with sponsored ads, On Yahoo and Google. We will also advertise Your home in Your local newspapers. Picture and open house real estate ads are placed strategically in various neighborhood newspapers, and on their websites, the Home Guide and other various publications..
Gold Listing Option
Full service marketing at its best, perfect for the hands off seller that needs to get their home sold for top dollar.
This Plan Includes - All Silver Plan Options
Plus
Things that do cost money, that do help Your Home Sell for More!! - A Stepped up marketing plan - Just listed cards - Color ads- 13 month Home Warranty is a must to protect the buyer of Your home as well as yourself after closing.
There is a 90chance that the next owner of Your home lives less than 3miles from You or knows someone less than 3miles from where Your Home is, and is Ready to Buy..
Platinum Listing Option:
The Most comprehensive marketing available by any Real Estate company. Perfect for homes that require maximum exposure to the marketplace to sell.
This Plan Includes: - All Gold Plan Options
PLUS
Virtual Tour of Your Home - Let Us take some of the work off Your hands.. - We will pay for 5hrs of home maintenance service from Our list of vendors you choose: Handyman, Painter, Landscaper or Cleaners..Very Important to have Your Home looking its best, for Your Top Dollar.. Marketing gets stepped up here! We firmly believe that if You pay more You should get more! A Quailfied Our Home Real Estate Agent will assist You in building the Right Plan to get Your home SOLD FAST for TOP DOLLAR!!
1 Year contract required for Platinum Benefits..
*A Qualified Our Home Real Estate Agent Will Assist You in Building the Right Plan to Get Your Home Sold Fast for Top DOLLAR!
Our Home Real Estate WebSites
www.OurHomeNeighborhoods.com
www.OurHome4You.us
www.OurHomeAssociates.com
www.OurHome4You.com
www.OurHomePartners.com
www.OurHomePartner.com
www.OurHomePartners.us
www.OurHome4YouAgent.com
www.OurHomeRealEstateService.com
www.OurHomeAssociate.com
www.OurHomeTeamExperts.com
www.OurHomeAgents.com
www.OurHomeAgent.com
www.OurHomeAgent.us
www.OurHome4You.net
www.OurHome4You.info
www.OurHome4You.org
www.OurHomeOnline.info
www.MNBpoandReoRealtor.com
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Search Eden Prairie Mn & Twin City Mn Mls Home Listings with Our Homes IDX Search Engine.Our Home agents specialize with Mn Relocation, First Time Home Buyers and finding You the right Investment Home