Northwoods Realty Blog by Coldwell Banker Mulleady Inc. Realtors

How Much Money Do You Need for a Down Payment?

We understand. When you’re paying for a sizable rent each month, utilities, and trying to pay off bills, it can seem impossible to save up for a down payment on a house. It helps to know exactly how much you’ll need for a down payment. Real estate agents don’t typically deal with the loan process.…

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Buying a Home in Your 60s? You Need to Know These Things…

Did you know the median profit is $66,000 for Baby Boomers (the generation born between 1946 and 1964) selling their homes? In many markets, it’s notably higher. Small wonder there are plenty of people in their 60’s selling and buying homes. The pandemic nudged many people into an early retirement, which added to the incentive…

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Northwoods News 12-15-21

All the talk is about rising mortgage rates!  With most everything rising in cost, is it any surprise that the Fed is raising interest rates?  Generally, there is not a direct relationship between the Fed rate and the 30-year mortgage rate but they are certainly indirectly related.  I will not get into those details but…

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Tips Before You Tear Down That House

It’s not an unusual situation in the Northwoods…a buyer finds the perfect spot on their ideal lake, but there’s a structure on the land they don’t want. Maybe it’s too small, too old, or too many repairs and remodeling projects would need to be done. They ultimately decide to tear the building down and start…

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Northwoods Home Sales/Listed 2007-2021

Northwoods Home SalesListed 2007-2021

Without a doubt the question I get asked the most is when are prices going down?  I am not at all certain that they will be going down.  There are many reasons.  1.  Historically, real estate has been quite stable.  There have been very few “busts”.  The obvious and most recent was the 2007/2008 bubble. …

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