Much has been written about
the importance of a high credit score when buying a home. But less known is how
insurance companies are increasingly using credit scores to determine rates for
homeowners and auto insurance.
If you’ve bounced a few
checks or missed credit card payments, insurers might believe that you won’t
pay them either. And insurers also believe that those with poor credit are more
likely to have accidents which cause the filing of more claims. So if your
credit is iffy, count on insurers charging you a premium rate – if they’re
willing to insure you at all.
When my auto insurer started
using credit checks to determine my rates, the payments went down! So the
insurance industry use of credit scores is truly a double edged sword.
Hidden away in the recesses
of the internet is a website that is a ‘must read’ for consumers who are
considering buying a home in Minneapolis.
The site is the City of Minneapolis
Property Info page.
What’s so special about this
With it you can access recent
‘Truth in Sale of Housing’ reports, inspection permits, special assessments and
there’s even a link to Hennepin
County tax records.
With a copy of a ‘Truth in
Sale of Housing’ Report in hand, you can be a more informed consumer when
looking for the ‘perfect home’.
As an agent, I always check
Truth in Sale of Housing and inspection permits BEFORE going to a listing. This
can often tell me whether it’s worth my gas money (and the clients time) or
whether there is an unfound gem just waiting to be found.
According to the latest statistics from the Minneapolis Area Association of Realtors (MAAR), pended sales in the Twin Cities have increased a whopping 49 percent compared to this same time last year. But inventory levels are down nearly 24 percent and new listings are not keeping up with the increased demand.
If you're considering selling, don't waste another second getting your home prepped and listed. Once we head into 3rd quarter 2012, Realtors are expecting a cooler market due to uncertainty surrounding the presidential elections. Time is of the essence and the time is now!
Statistics courtesy MAAR.
For week ending February 25th 2012.
Twin City customers of Xcel Energy may qualify for a program that's designed to reduce energy consumption while also making homes more energy efficient.
The program, offered to Xcel customers based on income and individual needs, may provide homeowners with free insulation, furnace safety testing and even free replacement of inefficient appliances, including outdated furnaces and refrigerators.
For more details contact Xcel Energy @ 1-800-895-4999 or @ xcelenergy.com
After this weeks slushy winter storm it's hard to believe spring is just around the corner.
But if you listen to Realtors in the Twin Cities, they will tell you that home buyers are turning their back on old man winter and are actively searching for their new home - regardless of the weather.
Weekend open houses have been packed with prospective buyers (and sellers) who know that when spring does arrive, the competition for quality homes will heat up like a warm summer day.
So whether you're a buyer or seller, turn your back on this wintry weather and be prepared for the best home market in years. Photo courtesy Minnesota Historical Society.