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Gwaltney Group | RE|MAX Results Blog

Tuesday, June 18, 2019   /   by Brian Ness

Why Is So Much Paperwork Required to Get a Mortgage?

Why Is So Much Paperwork Required to Get a Mortgage?
When buying a home today, why is there so much paperwork mandated by the lenders for a mortgage loan application? It seems like they need to know everything about you. Furthermore, it requires three separate sources to validate each and every entry on the application form. Many buyers are being told by friends and family that the process was a hundred times easier when they bought their home ten to twenty years ago.
There are two very good reasons that the loan process is much more onerous on today’s buyer than perhaps any other time in history.
1. The government has set new guidelines that now demand that the bank proves beyond any doubt that you are indeed capable of paying the mortgage.
During the run-up to the housing crisis, many people ‘qualified’ for mortgages that they could never pay back. This led to millions of families losing their home. The government wants to make sure th ...

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  afford mortgage, mortgage, mortgage tips

Monday, June 17, 2019   /   by Brian Ness

5 Reasons to Sell Your House This Summer

Here are 5 compelling reasons listing your home for sale this summer makes sense.
1. Demand Is Strong
The latest Buyer Traffic Index from the National Association of Realtors (NAR) shows that buyer demand remains strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase… and are in the market right now! More often than not, multiple buyers are competing with each other for the same home.
Take advantage of the buyer activity currently in the market.
2. There Is Less Competition Now
Housing inventory is still under the 6-month supply needed for a normal housing market. This means that, in most of the country, there are not enough homes for sale to satisfy the number of buyers.
Historically, the average number of years a homeowner stayed in his or her home was six, but that number has hovered between nine and ten years since 2011. Many homeowners have a pent-up desire to move, as they ...

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  sell home, sell house

Saturday, June 15, 2019   /   by Brian Ness

Rochester Real Estate Talk Show 6/15/19

Rochester Real Estate Talk Show Saturday’s from 8:30-9am on KROC-AM 1340 / 96.9 FM
6/15/19 Every profession has its own jargon and real estate has its fair share. Robin Gwaltney with Gwaltney Group | RE/MAX Results explains many of the terms used by those involved in buying and selling homes, along with those who track real estate transaction. Robin also provides some of the most recent statistics on the housing market in Rochester and explains how you could get regular updates for free.

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  real estate talk show

Friday, June 14, 2019   /   by Brian Ness

Top 4 Renovations for the Greatest Return on Investment! [INFOGRAPHIC]

Some Highlights:

If you are planning on listing your house for sale this year, these four home improvement projects will net you the most Return on Investment (ROI).
Minor renovations can go a long way toward improving the quality of your everyday life and/or impressing potential buyers.
Whether you plan to stay in your house for a long time or just a few years, it’s smart to know which home renovations add the most value.

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  renovations

Wednesday, June 12, 2019   /   by Brian Ness

3 Things to Know in the Housing Market Today!

3 Things to Know in the Housing Market Today!

A lot is happening in the world, and it’s having a direct impact on the housing market. The reality is this: some of it is positive and some of it may be negative. Some we just don’t know yet.

The following three areas of the housing market are critical to understand: interest rates, building materials, and the outlook for an economic slowdown.
1. Interest Rates
One of the most important things to consider when buying a home is the interest rate you will be charged to borrow the money. In our recent post we posed the question, “Are Low Interest Rates Here To Stay?” The latest information from Freddie Mac makes it appear they are. We are currently at a 21-month low in interest rates.




2. Building Materials
Talk of tariffs could also affect the housing market. According to a recent article, the National Association of Home Builders reports that as much ...

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  interest rates

Gwaltney Group of RE/MAX Results
Robin Gwaltney
4123 26th St. NW
Rochester, MN 55901
507-259-4926

The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real Estate listings held by brokerage firms other than Gwaltney Group of RE/MAX Results are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.” Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.” Copyright2019Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Data last updated July 22, 2019