Selling Your Home in Minnesota? Partner with the Top Realtor for Maximum Returns

Tips For Reaching Your Financial Wellness Goals

Reach Financial Dream of Home Ownership

Chances are, if you set goals for the new year, one of them is to improve your financial wellness. According to the 2020 Pinterest 100 Report, enhancing our relationship with money will be one of the year's most popular trends. It’s not surprising since, for many of us, managing our money is a challenge.

Save Money to Buy a Home

The challenge is to find the yin and the yang of responsible financial management. You cannot put a value on the ability to drift off to sleep without worrying about paying the bills, crushing credit card debt, finding the money to buy a home, or having a secure retirement. So how do we achieve financial peace of mind? We set goals and then implement a plan to achieve them. According to the Pinterest report, the most popular money goals were budgeting, paying off debt, saving, and investing. Thankfully, there are many tools and tricks available to help us reach those goals and secure our economic future. We can do this! Yea us!

Creating a Budget

The budget is the foundation upon which your financial plan rests. I think of it as the roadmap to plan the best route to get where I need to be in terms of my goals. To control your money, you must know how much is coming in and where you spend it. There are several techniques to help you keep track.

Popular Budgets

The 50/30/20 is the budget Elizabeth Warren highlights in her book, All Your Worth: The Ultimate Lifetime Money Plan. The basic plan is to break down your after taxes income into the three expense categories of needs (50%), wants (30%), and savings/debt...

11 Reasons It Rocks to Live in Bloomington MN

Top Local Realtor's Guide to Buying a Home in Bloomington, MN (2024 Edition)

Why Bloomington, MN, is an Unbeatable Place to Live

Homes in Bloomington by top realtor

Bloomington, Minnesota, is not just another suburb of the Minneapolis metro area; it's a standout community that offers a blend of natural beauty, urban convenience, and vibrant local culture. Located just ten miles south of downtown Minneapolis, along the scenic north bank of the Minnesota River, Bloomington combines the best of city living with the tranquility of nature. Its 38.46 square miles are home to a diverse and growing population, reflecting the city's welcoming atmosphere and high quality of life. Whether you're drawn by the housing market, education, or job opportunities, here's why Bloomington should be at the top of your list in 2024.

1. Seamless Metro Connectivity With major expressways like 35W and 494, getting around the Minneapolis metro area from Bloomington is a breeze. Downtown Minneapolis is a short 15-mile drive, offering easy access to its wealth of cultural, recreational, and shopping attractions. Plus, with the Minneapolis-St. Paul International Airport just 10 minutes away, travel is convenient for residents.

2. Efficient Light Rail System Bloomington's light rail service includes stops at American Blvd, Bloomington Central, 28th Ave, and the iconic Mall of America, providing stress-free access to downtown Minneapolis and beyond. The system connects you to the airport, with additional bus services and parking facilities, ensuring mobility is never an issue.

3. The Mall of America: A World of Entertainment As the nation's largest enclosed shopping and entertainment hub, the Mall of America continues to be a major draw....

Buying a Home In The Winter

Buying a House in the Winter

Real estate is not a seasonable business. People are relocating for jobs every month of the year. People are moving out of state and into the state. Others may be moving to another city, across town, or down the street. In the process, they are buying and selling homes.

Without a doubt, spring is the prime season for real estate. Buyers come out of hibernation when the first signs cold-weather spring appear. “For Sale” signs pop up on front lawns like mushrooms after a rain shower. That doesn’t mean that because spring is most popular, that you shouldn’t consider the other alternative of buying a home in the colder months.

Winter is the time that many potential buyers would rather hunker down with a good book and a mug of hot chocolate than spend an afternoon sloshing through the wet and cold. You probably prefer to spend a frosty Sunday watching sports or a movie munching your favorite snack. I get that. But I have some solid reasons why you might want to slip into your favorite cold-weather gear and check out some homes for sale.

Winter Sellers Are Serious Sellers

Often people who sell their homes in the winter are responding to job relocation, financial woes, divorce, estate settlement, or various other compelling circumstances. Because they have a strong motivation to close a deal they may be more flexible on asking price and terms.

There Is Less Competition for Homes in the Winter

In the spirit of full disclosure, there are generally fewer homes for sale in the winter. However, it’s a fact there are fewer buyers than the other seasons of the year as well. You know, those that are not inspired enough to face the cold and are waiting for the spring. So for the spunky folk that will not be deterred by a little inconvenience like single-digit temperatures and a bit of snow will not be bumping into other buyers at open houses. They may see the home of their dreams appear...

My Best Advice For First-Time Home Buyers

My Best Advice For First-Time Home Buyers

Joy. Joy is the first word I think of when I hear the term first-time home buyer. It’s what my wife and I felt moving into our first house. It’s what I always hope my clients feel at closing because buyer remorse has never been on anyone’s bucket list.

The process of buying a house has a lot of moving parts and involves many people. It can be stressful and intimidating even when it’s going well. When the pieces do not fall into place as you expect, it will be frustrating and even overwhelming on occasion.

Over the years, I have shared all those emotions with my clients on their journey to home-ownership. No two experiences are ever the same. However, it becomes glaringly evident that buyers who have the best outcomes are those that are most prepared. Knowledge is power. Here is some of my primo advice if you are buying your first home or even your last.

Make an Appointment with a Mortgage Broker

Before you get serious at looking for a home, you need to know if you qualify for a mortgage and how much the bank will lend you. You will also discuss what type of mortgage will best suit your financial circumstances and how you can receive the best interest rate. Shopping lenders is wise. Some offer better deals and options. A half-point or even a quarter-point less on your rate can generate significant savings over the life of your loan.

Decide How Much You Can Afford

The amount your mortgage lender is willing to finance may be more than you can comfortably afford. Make sure your mortgage payment and other monthly expenses associated...