Sold by Jared Jacobs – Rochester MN Real Estate Blog

According to an article in the USA Today, the first-time home buyer tax credit that has helped to stimulate the housing market can be claimed on your 2008 taxes.
The article sais home buyers who want to claim the credit on their 2008 tax return have these options:
File for an extension, this will give you until [...]

[Read more →]

According to the National Association of Realtors, sales of existing homes totaled 4.72 million units in Feb. This is up 5.1% from the January total of 4.49 million units. This was the largest monthly sales jump since July 2003.
There are currently 824 single family homes and 250 condo/townhomes on the market in Rochester, MN.

[Read more →]

According to our MLS there are currently 1,036 residential properties for sale in Rochester,MN. 84 of these properties were listed in the last week.
30 properties went under contract (pending) last week and these properties averaged 87 days on market before accepting contracts.
16 properties closed in the last week, these properties received an average of 91% [...]

[Read more →]

I received a phone message a little over a week ago inquiring about a listing I’ve got on the market in Rochester. As usual I returned the call as soon as I could and found it to be a very pleasant young lady looking for her first home. I answered her questions and set up [...]

[Read more →]

A “Step-Up” buyer is a person or family that currently owns a home and is selling that home to purchase a larger, typically more expensive, home.
This person or family is selling out of a stronger market with typically more buyers than they are buying into. Hence they are getting a better deal percentagewise on their [...]

[Read more →]