Buying a Home? Do You Know the Lingo?

I still have the “heart of a teacher.” One of the most exciting things about being a realtor for me is the opportunity to teach and share what I know about buying a home.

Buying a home can be intimidating if you are not familiar with the terms used during the process. To start you on your path with confidence, we have compiled a list of some of the most common terms used when buying a home.

Continue reading “Buying a Home? Do You Know the Lingo?”

How Fast Can You Save for a Down Payment?

Are you paying a lot for rent in Fergus Falls? Using comparative statistics for Minnesota, you could feasibly save for a down payment (FHA) in less than a year.

Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long would it take you to save for a down payment in each state? Continue reading “How Fast Can You Save for a Down Payment?”

Measuring Your Ability to Achieve the American Dream

Owning a home in Fergus Falls can become a reality for many who are ready to live the American Dream of home ownership. recently released the results of their new American Dream Index, in which they measure “the prosperity of the middle class, and…examine which states best support the American Dream.”

The monthly index measures several different economic factors, including goods-producing employment, personal and commercial bankruptcies, building permits, startup activity, unemployment insurance claims, labor force participation, and layoffs. Continue reading “Measuring Your Ability to Achieve the American Dream”