Uncategorized June 3, 2025

How Do I Qualify for a ZERO DOWN VA Loan?

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How Do I Qualify for a ZERO DOWN VA Loan?

If you’re a military veteran or an active service member, there’s a great opportunity for homeownership that you might not be fully aware of — the 0% down VA loan. This loan allows eligible individuals to purchase a home without needing to come up with a down payment, which can be a huge relief for those looking to buy a home but struggling to save enough for a traditional down payment. But how exactly do you qualify for a VA loan, and is it really as simple as just saying you’re a veteran? Let me walk you through the qualifications and what you need to know to take advantage of this incredible benefit.

1. Eligibility Based on Service History

First things first: to qualify for a VA loan, you must meet certain service requirements. If you are a veteran, you need to have served a minimum amount of time in the military. For example, active duty members must generally serve 90 days of service during wartime or 181 days during peacetime. If you’re a member of the National Guard or Reserves, the requirement is typically six years of service. If you’re unsure about your eligibility, the best step is to request your Certificate of Eligibility (COE) from the VA, which will verify your service history.

2. The Role of Your Credit Score

While VA loans don’t have a strict minimum credit score requirement, lenders typically look for a credit score of around 620 or higher. However, some lenders may be more flexible, especially if your credit score is lower. Keep in mind that your overall financial situation, including your income, employment history, and debt-to-income (DTI) ratio, will also be taken into account.

3. Meeting the Debt-to-Income Ratio (DTI)

Your DTI ratio is another important factor in qualifying for a VA loan. This ratio helps lenders assess your ability to repay the loan. Your DTI is calculated by dividing your total monthly debt payments (including your new mortgage) by your gross monthly income. In general, the lower your DTI, the better your chances of qualifying for a VA loan. While the VA doesn’t set a strict maximum DTI, many lenders prefer a ratio under 41%.

4. Occupying the Home

VA loans are intended for primary residences only. So, to qualify for a 0 down VA loan, you must agree to occupy the property as your primary home within a reasonable period of time (usually 60 days after closing). If you intend to buy a vacation home or investment property, a VA loan won’t apply. The primary purpose of the loan is to help veterans and active-duty service members settle into homes they’ll live in full time.

5. Property Requirements

The property you’re purchasing must also meet certain conditions. The VA will require a home inspection to ensure it meets basic safety, security, and structural standards. This is to protect both the buyer and the lender. If the home has significant issues, the seller may be required to make repairs before the loan can proceed.

6. Zero Down Payment, But Not Zero Costs

One of the most attractive features of the VA loan is that it requires no down payment. However, you will still have some costs to cover. For instance, while there’s no down payment, you may be required to pay a VA funding fee. This fee helps offset the cost of the loan program and varies based on your down payment amount, type of service, and whether it’s your first VA loan. Veterans with service-connected disabilities may be exempt from the funding fee.

7. The VA Funding Fee

The VA funding fee is a one-time cost that helps keep the program running and accessible to future veterans. The fee ranges from 1.4% to 3.6% of the loan amount, depending on the type of loan and your down payment. If you’re a first-time buyer and don’t make a down payment, the fee is typically 2.3%. For subsequent use, the fee can go up slightly, but it’s still a fraction of the cost of a traditional down payment. This is something to consider when calculating your homebuying budget, but it still doesn’t change the fact that you won’t need to come up with a hefty down payment.

8. Working with a Lender

Not all lenders offer VA loans, so it’s important to work with one that is familiar with the process and requirements. The lender will help guide you through the qualification process, including obtaining your COE, reviewing your finances, and ensuring that you meet all the eligibility requirements. It’s always wise to shop around and compare offers from different lenders to ensure you’re getting the best possible terms.

In Conclusion

Qualifying for a 0% down VA loan is a great opportunity for veterans and active service members to purchase a home without the burden of a down payment. If you meet the service requirements, have a decent credit score, maintain a manageable debt-to-income ratio, and plan to occupy the property as your primary residence, you’re in a good position to take advantage of this amazing benefit. Don’t forget about the VA funding fee, but even with this cost, you’re still saving significantly by not having to make a down payment.

If you’re ready to start the process or have questions about your specific situation, I’m here to help! Reach out to me, and let’s get started on making your homeownership dream a reality!

#VALoan, #ZeroDownVA, #VAHomeLoan, #VeteranHomeLoan, #MilitaryHomeLoan, #FirstTimeHomebuyer, #VeteranBenefits, #HomeLoanTips, #RealEstateTips, #MortgageAdvice, #HomeOwnership, #VeteranRealEstate, #VAHomeBuyers, #NoDownPaymentLoan, #VAFundingFee, #MilitaryVeterans, #HomeLoanHelp, #MilitaryHousing, #VAEligibility, #HomeBuyersGuide

Uncategorized June 3, 2025

What to Look for When Reviewing Association Documents

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What to Look for When Reviewing Association Documents

When buying a home within a homeowner’s association (HOA) or condo association, reviewing the association documents is one of the most critical steps. These documents provide valuable insight into how the community operates, what rules you’ll need to follow, and the financial health of the association. Let me walk you through what to look for to ensure you’re making an informed decision before signing on the dotted line.

#HOADocuments, #HOABuyingGuide, #HomeownerTips, #HOAFinancials, #AssociationLiving, #CondoBuyingTips, #RealEstateAdvice, #HOARules, #HOAManagement, #HomeBuying101, #HOADues, #ReserveFunds, #HOARegulations, #AssociationRules, #HOAFees, #SpecialAssessments, #CondoLiving, #HOAHelp, #HOAChecklist, #HOADocReview

1. Rules and Regulations

One of the first things to check is the association’s rules and regulations. These outline what you can and cannot do as a homeowner. Are there restrictions on parking, landscaping, or renting out your property? For example, some associations prohibit short-term rentals like Airbnb, while others may have strict rules about exterior modifications. Understanding these restrictions will help you decide if this community aligns with your lifestyle.

2. Financial Statements

The financial health of the association is crucial. Review the budget, income statements, and reserve fund information. A well-managed association should have a healthy reserve fund for future repairs and emergencies. If the reserves are low, you may be at risk of unexpected special assessments—extra charges imposed on homeowners to cover major expenses. Financial stability indicates a well-run community and protects your investment.

3. Special Assessments

Speaking of special assessments, check if any have been issued recently or if there are plans for future assessments. Associations often use these to fund big projects like roof replacements or road repairs. If major repairs are on the horizon and there’s no reserve fund to cover them, you could end up paying thousands of dollars out of pocket.

4. Meeting Minutes

Reviewing meeting minutes from recent board meetings can provide insight into ongoing issues within the community. Are there recurring complaints about maintenance or neighbor disputes? Has the board discussed any potential rule changes or projects that could impact your budget or lifestyle? These details offer a behind-the-scenes look at what it’s really like to live there.

5. Insurance Coverage

Check what the association’s insurance policy covers. In most cases, the HOA will insure common areas, but you’ll need to ensure your unit or home is adequately covered under your personal insurance policy. Be on the lookout for any gaps in coverage that could leave you vulnerable in case of an emergency.

6. Fees and Dues

HOA or condo fees can vary widely. Review what these fees cover, such as landscaping, snow removal, amenities, or utilities. Some associations offer great value with their services, while others may charge high fees without delivering much in return. Compare the fees to what you’re getting to make sure it’s worth the cost.

7. Governing Documents

The Covenants, Conditions, and Restrictions (CC&Rs), bylaws, and articles of incorporation lay the foundation for how the association operates. These documents outline your rights and responsibilities as a homeowner. Pay close attention to voting rights, dispute resolution processes, and amendment procedures.

8. Litigation History

Is the association involved in any lawsuits? Litigation can be a red flag, as it may indicate mismanagement or ongoing disputes. It can also affect your ability to get financing or resale value in the future. Be cautious if the association has a history of legal troubles.

9. Reserve Studies

A reserve study evaluates the future repair and replacement needs of the community’s assets, such as roofs, roads, and other infrastructure. If the association has a recent reserve study, it shows they’re planning for the future and are less likely to impose special assessments.

10. Community Culture

Lastly, think about the overall culture of the community. Some associations are very hands-on with strict enforcement of rules, while others take a more relaxed approach. Read reviews, talk to current residents, and visit the neighborhood at different times to get a feel for the atmosphere. Make sure it’s a place where you’ll feel comfortable.

Taking the time to thoroughly review association documents can save you from surprises and headaches down the road. If you’re unsure about anything, don’t hesitate to ask questions or consult with a real estate professional who can guide you through the process.

If you’re considering purchasing a home in an HOA or condo association, reach out to me! I’ll help you navigate the process and ensure you’re making a confident and informed decision. Let’s get started today!

Uncategorized June 3, 2025

Why Social Media Matters If You Are Selling Your Home

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Why Social Media Matters If You Are Selling Your Home

When I meet with sellers, one of the first questions I often get is, “How will you market my home?” In today’s fast-paced, tech-driven world, there’s one answer that stands out: social media. If you’re selling your home, social media isn’t just an option; it’s a necessity.

Social media has revolutionized how homes are marketed. Platforms like Facebook, Instagram, YouTube, and TikTok offer incredible opportunities to showcase your property to a broad audience. Think about it: millions of people scroll through their feeds daily, and your home can be right there in front of them. But why does this matter, and how does it benefit you as a seller? Let me explain.

Expanding Your Reach

Traditionally, marketing a home meant placing it on the MLS, hosting open houses, and maybe running an ad in a local paper. Those methods are still valuable, but they’re limited. Social media opens the door to a much larger audience. With the right strategy, I can target buyers not only in your immediate area but across the country—even internationally. Using tools like geo-targeting and demographic filters, I ensure that your home is seen by people who are actively looking for a property like yours.

Visual Storytelling

A picture is worth a thousand words, but a video can be worth so much more. High-quality photos, 3D tours, and engaging videos allow potential buyers to envision themselves living in your home. I create visually compelling content that highlights your home’s best features, from the cozy fireplace in the living room to the spacious backyard that’s perfect for entertaining. And because social media thrives on visuals, these posts often get shared, extending the reach even further.

Instant Engagement

One of the things I love most about social media is how quickly it allows me to interact with potential buyers. If someone has a question about your home, they can send a direct message, and I can respond right away. This kind of instant engagement keeps buyers interested and helps them take the next step—whether that’s scheduling a showing or submitting an offer.

Creating a Buzz

Social media also creates a sense of urgency and excitement. With tools like “Coming Soon” posts, sneak peeks, and live virtual tours, I can generate buzz before your home even hits the market. This kind of pre-launch marketing often leads to a faster sale and, in many cases, a higher price.

Targeted Advertising

Not all social media posts are created equal. Paid advertising allows me to ensure that your home is seen by the right people. I can create targeted campaigns that reach specific age groups, income levels, or even people searching for homes in your neighborhood. This means that your marketing dollars are being spent effectively, maximizing the exposure your home receives.

Trust the Process

With over 22 years of experience in real estate and a deep understanding of social media marketing, I’ve seen firsthand how these strategies make a difference. Selling a home is about more than just putting it on the market; it’s about telling its story to the right audience. Social media allows me to do just that in a way that is engaging, innovative, and effective.

If you’re considering selling your home, let’s talk about how we can leverage social media to get your home sold quickly and for the best possible price. Send me a message or give me a call. I’m here to help you make your move.

#RealEstate, #HomeSelling, #SocialMediaMarketing, #SellYourHome, #RealEstateTips, #HomeSales, #DigitalMarketing, #Realtor, #HouseHunting, #RealEstateAgent, #HomeBuyers, #RealEstateExperts, #RealEstateLife, #VirtualTours, #HomeStaging, #PropertySales, #RealEstateMarketing, #DreamHome, #OpenHouse, #HomeForSale

Uncategorized June 3, 2025

Why Social Media Matters If You Are Selling Your Home

social mediaselling your homereal estatehome marketingdigital marketing for homessocial media real estatehow to sell your homereal estate tipsrealtor social mediahome sales strategyvisual storytelling in real estateselling property o   0 Comments | Add Comment

Why Social Media Matters If You Are Selling Your Home

When I meet with sellers, one of the first questions I often get is, “How will you market my home?” In today’s fast-paced, tech-driven world, there’s one answer that stands out: social media. If you’re selling your home, social media isn’t just an option; it’s a necessity.

Social media has revolutionized how homes are marketed. Platforms like Facebook, Instagram, YouTube, and TikTok offer incredible opportunities to showcase your property to a broad audience. Think about it: millions of people scroll through their feeds daily, and your home can be right there in front of them. But why does this matter, and how does it benefit you as a seller? Let me explain.

Expanding Your Reach

Traditionally, marketing a home meant placing it on the MLS, hosting open houses, and maybe running an ad in a local paper. Those methods are still valuable, but they’re limited. Social media opens the door to a much larger audience. With the right strategy, I can target buyers not only in your immediate area but across the country—even internationally. Using tools like geo-targeting and demographic filters, I ensure that your home is seen by people who are actively looking for a property like yours.

Visual Storytelling

A picture is worth a thousand words, but a video can be worth so much more. High-quality photos, 3D tours, and engaging videos allow potential buyers to envision themselves living in your home. I create visually compelling content that highlights your home’s best features, from the cozy fireplace in the living room to the spacious backyard that’s perfect for entertaining. And because social media thrives on visuals, these posts often get shared, extending the reach even further.

Instant Engagement

One of the things I love most about social media is how quickly it allows me to interact with potential buyers. If someone has a question about your home, they can send a direct message, and I can respond right away. This kind of instant engagement keeps buyers interested and helps them take the next step—whether that’s scheduling a showing or submitting an offer.

Creating a Buzz

Social media also creates a sense of urgency and excitement. With tools like “Coming Soon” posts, sneak peeks, and live virtual tours, I can generate buzz before your home even hits the market. This kind of pre-launch marketing often leads to a faster sale and, in many cases, a higher price.

Targeted Advertising

Not all social media posts are created equal. Paid advertising allows me to ensure that your home is seen by the right people. I can create targeted campaigns that reach specific age groups, income levels, or even people searching for homes in your neighborhood. This means that your marketing dollars are being spent effectively, maximizing the exposure your home receives.

Trust the Process

With over 22 years of experience in real estate and a deep understanding of social media marketing, I’ve seen firsthand how these strategies make a difference. Selling a home is about more than just putting it on the market; it’s about telling its story to the right audience. Social media allows me to do just that in a way that is engaging, innovative, and effective.

If you’re considering selling your home, let’s talk about how we can leverage social media to get your home sold quickly and for the best possible price. Send me a message or give me a call. I’m here to help you make your move.

#RealEstate, #HomeSelling, #SocialMediaMarketing, #SellYourHome, #RealEstateTips, #HomeSales, #DigitalMarketing, #Realtor, #HouseHunting, #RealEstateAgent, #HomeBuyers, #RealEstateExperts, #RealEstateLife, #VirtualTours, #HomeStaging, #PropertySales, #RealEstateMarketing, #DreamHome, #OpenHouse, #HomeForSale

Uncategorized June 3, 2025

4 Easy Ways to Save Money to Buy a Home

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4 Easy Ways to Save Money to Buy a Home

Turning a dream into reality starts with one thing: a plan. And if buying your first home is on your list of goals, now is the perfect time to take that first step. The good news? You don’t have to make massive sacrifices overnight. Small, consistent steps can help you reach your savings goal faster than you think. Here are four practical strategies I recommend to make homeownership more attainable: It will be painful to get to the amount saved to have for a down payment, but it will be worth it.

Step 1: Stick to a Budget That Works for You

The first step to saving is knowing where your money goes each month. Take some time to track your income and expenses. Seeing it all laid out can be eye-opening – you might find that some of your spending isn’t aligned with your priorities. This is always the hardest step for people, Becoming a saver is not easy but once you see the money grew, it becomes really exciting.

Once you’ve got a clear picture, create a budget that makes sense for your lifestyle and your savings goal. Set limits for things like groceries, gas, and entertainment, and stick to those caps. This helps you control spending and carve out room to save for your future home.

Step 2: If you don’t need it, don’t buy it!

When you’ve got a budget, it’s time to tighten up. Look for opportunities to trim unnecessary expenses. Do you really need multiple streaming subscriptions? Could you cook at home instead of eating out? Even small changes, like canceling a gym membership you’re not using or negotiating lower rates on bills like car insurance or internet, can add up quickly.

Think of every dollar saved as a step closer to your dream home. Each cutback you make today moves you toward a future where you’re living in a place you own. Trust me you will become motivated as soon as you see some results.

Step 3: Save a percentage of your paycheck with auto with drawl

Consistency is key when it comes to saving, and automation makes consistency easy. Set up automatic transfers from your checking account to a dedicated savings account. This ensures you’re building your house fund regularly without needing to think about it.

You can also use apps that round up your purchases to the nearest dollar and save the difference. These small, automatic moves can make a big impact over time. Automating your savings takes the guesswork out of the process and helps you stay on track.

Step 4: Save the unexpected windfalls

Unexpected windfalls like tax refunds, bonuses, or cash gifts are perfect opportunities to supercharge your savings. Instead of splurging, add that extra money directly to your house fund. Treating these surprises as stepping stones rather than indulgences will bring you closer to your goal faster.

Every bit counts, and these unexpected boosts can make a significant difference when you’re working toward a big goal like buying a home.


Saving for your first house isn’t about being perfect; it’s about progress. With a solid plan, a little discipline, and a clear goal, you’ll be surprised how quickly you can make your dream of homeownership a reality. When you’re ready to take the next step and explore your options, reach out to me. I’d be happy to help you map out a personalized plan to get you closer to holding the keys to your first home.

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Uncategorized June 3, 2025

Why Being Close to Family Is the Top Reason People Move

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Why Being Close to Family Is the Top Reason People Move

Have you ever caught yourself daydreaming about living closer to your loved ones? Maybe you’re tired of long road trips to see your parents, or you’ve been wishing your kids could spend more time with their grandparents. If that sounds familiar, you’re not alone.

Studies show that the primary reason people decide to move is to be near family and friends. Moving isn’t just about finding a new house; it’s about creating a life where you’re surrounded by the people who make it meaningful.

Here’s why so many people are prioritizing this choice and why it could be the perfect move for you too.

The Importance of Family Connections

For many people, the pull of being closer to family outweighs any other factors. This motivation crosses generations, but it’s particularly strong for those looking to make a lifestyle change.

Baby Boomers, for instance, often have the financial flexibility to prioritize proximity to their children and grandchildren. As one expert put it, a significant number of retirees are choosing to relocate specifically to be part of their family’s daily lives.

Whether it’s first-time buyers or seasoned homeowners, the desire to live near loved ones is a common thread. It’s about more than convenience – it’s about finding fulfillment in relationships.

Why Living Close to Loved Ones Matters

Relocating to be near family and friends isn’t just an emotional decision. It comes with real advantages that can improve your quality of life:

  1. More Quality Time Imagine regular family dinners, spontaneous visits, and sharing life’s moments together. Living close means those opportunities are part of your everyday routine, not something you have to schedule.
  2. Shared Support Being near family opens the door to helping each other out in ways that make life easier. From sharing childcare responsibilities to borrowing tools or lending a hand during busy times, the support system is invaluable.
  3. Less Travel, More Connection Instead of spending hours commuting to see loved ones, you’ll enjoy quick visits and peace of mind knowing help is close by in case of emergencies.
  4. Celebrating Life’s Moments Together Whether it’s graduations, birthdays, or quiet evenings, being nearby ensures you’re present for both the big and small moments that matter.

Is Moving Closer the Right Choice for You?

At its heart, home isn’t just a building – it’s where your heart feels most at ease. Moving closer to family and friends is about creating a life filled with connection, support, and shared experiences. Whether you’re considering a move to see your grandkids grow up or to make more memories with lifelong friends, this choice is deeply personal and incredibly rewarding.


If you’ve been thinking about making a move to reconnect with loved ones, let’s talk. Together, we can find a home that brings you closer to the people who mean the most to you and the life you’ve always imagined.

#MovingForFamily, #FamilyFirstLiving, #CloserToLovedOnes, #FamilyMatters, #HomeWithHeart, #WhyWeMove, #FamilyConnections, #RealEstateJourney, #LivingNearFamily, #DreamHomeGoals, #FamilyCenteredLife, #CloserTogether, #RelocationReasons, #HomeBuyingTips, #RetireNearFamily, #SupportSystem, #CommunityAndFamily, #RealEstateWithHeart, #MeaningfulMoves, #HomeIsWhereFamilyis

Uncategorized June 3, 2025

10 Steps to Selling a House: The Entire Process from Start to Finish

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10 Steps to Selling a House: The Entire Process from Start to Finish

Have you ever thought about packing up and moving to be closer to the people who matter most? Maybe you’re tired of long drives to see your family or want your kids to spend more time with their grandparents. Whatever your reason, selling your home is a big decision—and it’s not something you want to dive into without a plan.

As someone who has spent over 22 years helping people sell their homes, I’ve seen it all. That’s why I’ve put together this step-by-step guide to help you navigate the process with confidence. My goal? To demystify the home-selling journey so you can focus on what comes next.

Let’s break it down.


1. Set Your Goals

The first step in selling your home is deciding what you want to achieve. Are you looking for top dollar? Do you need to sell quickly? Or is minimizing hassle your priority? Your goals will shape your entire strategy—from pricing to marketing to negotiations.

For most homeowners, working with a real estate professional (like me) is the best way to maximize results. However, some choose to go the FSBO (For Sale By Owner) route. If you’re unsure which option is right for you, let’s chat about what aligns with your needs.


2. Determine the Best Time to Sell

Timing can make a huge difference. While spring and early summer are popular times to sell, the best timing depends on your local market and personal circumstances. I can provide insights into market trends in Lakeville, Burnsville, and beyond to help you pick the perfect moment.


3. Decide on Repairs and Improvements

Should you fix that leaky faucet or repaint the walls? It depends on your goals and budget. A pre-sale home inspection can identify issues that might deter buyers. From there, we’ll prioritize cost-effective repairs and decide whether to list your home “as-is” or spruce it up to attract higher offers.


4. Price Your Home Strategically

Pricing your home is both an art and a science. Overpricing can turn off buyers, while underpricing leaves money on the table. Together, we’ll analyze comparable sales in your area to determine the sweet spot that maximizes your home’s value and draws in serious buyers.


5. Prepare Your Home for Sale

First impressions matter. Decluttering, deep cleaning, and staging your home can significantly boost its appeal. Whether it’s rearranging furniture or hiring a professional stager, these efforts help buyers envision themselves in your space—and that’s the key to getting strong offers.


6. Complete Seller Disclosures

Honesty is the best policy when it comes to seller disclosures. You’re legally required to share information about your property’s condition, including any past water damage or necessary repairs. Transparency builds trust and reduces the risk of surprises derailing the sale.


7. Market Your Home Effectively

Marketing is where I shine. With professional photography, targeted online listings, and strategic social media promotion, I’ll ensure your home gets maximum exposure. More eyes on your property mean more chances of finding the perfect buyer.


8. Evaluate Offers

Receiving offers is exciting, but not all offers are created equal. Together, we’ll review each one carefully, considering not just the price but also contingencies, closing timelines, and the buyer’s financial qualifications. My job is to guide you toward the best choice for your goals.


9. Navigate Contingencies

Inspection, appraisal, and financing contingencies are common in real estate transactions. If a buyer requests repairs or price adjustments, I’ll help you negotiate a solution that keeps the deal moving forward without unnecessary compromises.


10. Finalize the Sale

Closing day is the finish line. Before handing over the keys, we’ll ensure all paperwork is complete, the buyer’s funds are in place, and your moving plans are set. Whether it’s transferring utilities or scheduling a final walkthrough, I’ll guide you every step of the way.


Selling your home doesn’t have to be overwhelming. With the right plan, clear communication, and a trusted guide, you can move forward with confidence. If you’re ready to take the first step toward selling your home, let’s connect. Click here to schedule a time to chat. I’m here to help you make your move as smooth as possible.

#RealEstate, #HomeSelling, #SellYourHome, #HomeSellingTips, #RealEstateExpert, #HouseForSale, #SellingAHouse, #MoveToMinnesota, #LakevilleHomes, #RealEstateAgent, #HomeOwnership, #PropertyForSale, #StagingTips, #MovingMadeEasy, #ColdwellBanker, #TomSommers, #MarketYourHome, #RealEstateGoals, #HousingMarket, #HomeBuyers

Uncategorized June 3, 2025

Options for Selling Your Parent’s House

real estateselling a houseinherited homecash buyerreal estate agentiBuyerFSBOTom SommersLakeville MNBurnsville MNselling optionsreal estate tipsfamily home saleselling inherited property   0 Comments | Add Comment

Options for Selling Your Parent’s House

Selling your parent’s home can be a challenging task—both emotionally and logistically. Whether it’s due to downsizing, transitioning into assisted living, or handling their estate after their passing, making the right choice for how to sell the property is crucial. Over the years, I’ve helped many families navigate this process, and I’ve learned that there’s no one-size-fits-all solution. It all depends on your priorities: Do you want the highest price? Do you need a fast sale? Or do you want a balance of both?

Here are some common options to consider when selling your parent’s house, along with the benefits and trade-offs of each approach.


1. Selling to a Cash Buyer

If speed and simplicity are your top priorities, selling to a cash buyer might be the right option. Cash buyers often purchase homes as-is, which means you won’t need to worry about making repairs, staging, or even cleaning the property. This option is particularly appealing if the home needs significant updates or if you’re handling the sale from out of town.

However, keep in mind that cash buyers typically offer well below market value. It’s essential to vet potential buyers carefully to avoid lowball offers or scams. If you’re considering this route, I can help you find reputable cash buyers who will treat you fairly.


2. Listing with a Real Estate Agent

For families looking to get the best price for their parent’s home, working with a real estate agent is often the most effective choice. A professional agent will help you price the home competitively, market it to the right audience, and negotiate offers on your behalf.

Choosing the right agent is critical, especially when selling a home that holds sentimental value or has unique features. Look for someone with experience in your local market and a proven track record of success. I’ve helped families in Lakeville, Burnsville, and the surrounding areas sell inherited or family homes, and I’d be happy to guide you through the process.


3. Selling to an iBuyer

An iBuyer is a company that provides instant offers on homes, often through an online platform. This option is convenient and quick, especially for homes that require minimal work. The process usually doesn’t involve open houses or showings, which can be a relief for families juggling multiple responsibilities.

However, iBuyers charge service fees that can range from 5% to 10% of the sale price. Additionally, their offers are typically lower than what you might receive on the open market. If you’re considering an iBuyer, I can help you weigh the costs and benefits to determine if it’s the right fit for your situation.


4. Selling the Home Yourself (FSBO)

Selling the home yourself, also known as For Sale By Owner (FSBO), eliminates the need to pay an agent’s commission. This can be an appealing option if you’re looking to save money and have experience with real estate transactions.

However, FSBO requires significant effort, including pricing the home, creating marketing materials, hosting showings, and negotiating with buyers. It’s also important to be familiar with local regulations and disclosure requirements. While FSBO can work for some, it’s not for everyone. If you’re considering this route, I can offer guidance to help you avoid common pitfalls.


What’s the Best Option for You?

Ultimately, the best way to sell your parent’s house depends on your unique circumstances. Whether you prioritize speed, maximizing value, or minimizing stress, there’s an option that will fit your needs. I’m here to help you weigh the pros and cons of each approach and create a customized plan that works for your family.

If you’re ready to explore your options, let’s connect. Click here to schedule a time to talk. Together, we’ll find the best solution for selling your parent’s home and moving forward with confidence.

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Uncategorized June 3, 2025

The First Step in Selling Your Parent’s Home

Tom Sommersestate planningMinnesota real estateLakeville MNBurnsville MNhome sale processidentity theft preventionnotifying institutionsreal estate agenthome selling stepsestate managementselling family homecredit bureaus   0 Comments | Add Comment

The First Step in Selling Your Parent’s Home

Selling your parent’s home is more than just a transaction; it’s a deeply personal process that often comes during a challenging time. Whether you’re handling an estate after a loved one’s passing or helping your parents transition to a new chapter, knowing where to start can make the entire process smoother.

One of the most critical first steps is notifying the right organizations and institutions. Taking care of this early ensures your parent’s accounts are handled properly and reduces the risk of identity theft. Here’s what you need to know to get started.


Notify the Social Security Administration (SSA)

If your parent was receiving Social Security benefits, notifying the SSA is essential. In most cases, the funeral home will report the death on your behalf, but it’s always a good idea to follow up and confirm. If they don’t handle it, you’ll need to contact the SSA directly. Unfortunately, deaths cannot be reported online, so you’ll need to call or visit a local SSA office.

Taking this step not only stops benefit payments but also ensures any eligible survivors receive the benefits they’re entitled to.


Notify Financial Institutions

Next, reach out to your parent’s financial institutions. This includes:

  • Mortgage lenders: Notify them of the situation and discuss the options for the home loan moving forward.
  • Banks and credit card companies: Request account closures and ensure no unauthorized activity occurs.
  • Investment firms: Work with financial advisors to address investment accounts and determine the best course of action for any assets.

Each organization may require a certified death certificate or other legal documents. Contacting them early prevents complications later on.


Contact Credit Bureaus

Identity theft is a real concern after someone’s passing. To protect your parent’s identity, notify the three major credit bureaus:

  1. Equifax
  2. Experian
  3. TransUnion

Request a credit freeze or alert to prevent anyone from opening accounts in your parent’s name. This is a simple yet effective way to safeguard their legacy.


Notify Insurance Companies

Insurance policies often play a significant role in estate settlements. Notify all relevant insurers, including:

  • Life insurance: Begin the claim process for any benefits.
  • Health insurance: Cancel coverage to avoid unnecessary premiums.
  • Home and auto insurance: Update or cancel policies as needed to reflect the new ownership situation.

Having these policies in order ensures there are no lapses in coverage while you’re managing the home sale.


Notify Utility Companies

Don’t overlook utility providers. Contact companies for:

  • Electricity
  • Gas
  • Water
  • Internet and cable

Let them know about the transition to avoid missed payments or service interruptions. If the house will remain vacant during the sale, keep essential utilities running for showings and inspections.


Gather the Necessary Documents

As you notify these organizations, you’ll likely need multiple copies of the death certificate and proof of your authority to act on behalf of the estate (such as a power of attorney or executor documents). Staying organized will save you time and headaches as you move forward with selling the home.


Taking these steps early is essential for setting the stage for a successful home sale. Once the administrative tasks are in order, you’ll be better positioned to focus on preparing the property, determining its value, and marketing it to potential buyers.

If you’re ready to move forward or need help navigating the process, let’s talk. Click here to schedule a time to connect. Together, we can create a plan that honors your parent’s legacy and ensures a smooth transition for your family.

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Uncategorized June 3, 2025

Don’t Set an Unrealistic Asking Price when selling your home

real estatehome selling tipspricing a homeTom SommersMinnesota real estateLakeville MNmarket analysishome pricing strategyreal estate agentcompetitive pricinghome appraisalselling a housepricing advicereal estate market trends   0 Comments | Add Comment

Don’t Set an Unrealistic Asking Price when selling your home

Setting the right asking price for your home is one of the most critical decisions you’ll make when selling. It’s especially true if you’re managing the sale of a parent’s home—a process that can already feel overwhelming due to emotional ties and memories. In my experience, overpricing a home can lead to unnecessary challenges, while underpricing can leave money on the table.

Let’s explore why finding the sweet spot for your asking price is so important and how to approach this decision strategically.


The Risk of Overpricing

Studies show that the average market time for a home is about 90 days. Homes that linger on the market for longer than this tend to sell for 10% less than their actual value. Why? Buyers start to wonder what’s wrong with the property. Once you begin lowering the price to catch up with the market, you’re already at a disadvantage.

If you aim too high, buyers may pass over your home entirely. Instead of generating excitement and interest, an unrealistic price can cause your listing to stagnate. Remember, the listing price isn’t a final number—it’s a starting point for negotiations. A competitive price has the potential to attract multiple offers, sometimes even above asking.


The Value of a Comparative Market Analysis (CMA)

One of the best tools for setting a realistic price is a Comparative Market Analysis (CMA). This is where an experienced real estate agent like me can make all the difference. A CMA evaluates your parent’s home against similar properties in the area that have recently sold. Key factors we consider include:

  • Condition: Is the home move-in ready, or does it need repairs?
  • Location: Proximity to schools, parks, and amenities.
  • Size: Number of bedrooms and bathrooms.
  • Market Trends: Is it a buyer’s or seller’s market?
  • External Factors: Proximity to road noise or other potential drawbacks.

Using this data, we can determine a price range that’s both competitive and achievable.


Avoid Letting Emotions Cloud Your Judgment

It’s natural to feel sentimental about your parent’s home. After all, it’s more than just a property—it’s a place filled with memories. However, emotional attachment can sometimes lead to overpricing. It’s important to separate your feelings from the market reality. Buyers are looking at the home objectively, and setting the price based on comparable sales is the best way to attract serious offers.


Why Pricing Low Can Pay Off

You might worry about pricing too low, but here’s the good news: The market has a way of correcting underpricing. If your home is priced competitively, it will attract multiple buyers, which often leads to bidding wars. This can drive the final sale price higher than you might expect. I’ve seen this strategy work time and again, especially in today’s market.

The key question to consider isn’t just about how much a buyer is willing to pay. It’s whether the offer will appraise for that amount. Pricing strategically ensures that your home appeals to buyers while aligning with appraisers’ valuations, keeping the deal on track.


Let’s Find the Right Price Together

Choosing the right price is both an art and a science. It requires market expertise, local knowledge, and a clear understanding of your goals. If you’re ready to sell and want to make the smartest pricing decision possible, I’m here to guide you every step of the way. Click here to schedule a time to connect, and let’s set your home up for success.

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