Homeowners Insurance
Minnesota Homeowners Insurance: Types of Coverage and Reimbursements to know when when buying a home. Quick Takeaways In Minnesota, average homeowners insurance premiums have increased by 39 percent over the past seven years, and 15 percent in 2023 alone. Homeowners insurance is a “package policy”—this means it covers both actual, physical property and legal responsibility […]
Lake Vermilion Homes and Cabins Sold YTD
As the year winds down, we have seen a lot of changes in the local real estate market including second home and lake cabins. Below is a link to the lake homes on Lake Vermilion that have been sold year to date by B.I.C. Realty and other realtors as data provided by our local Range […]
Should You Accept the First Offer on Your Home?
You just got your home listed and you received a strong offer! Congratulations! Now, you need to decide if you should accept your first, strong offer or hold out for a stronger offer. It’s a big decision home sellers have to make. A seller may think they have underpriced their home and they will get […]
Minnesota Floodplain Guide ***NEW***
The Minnesota DNR just released this floodplain management QUICK GUIDE with useful graphics for professionals and landowners regarding floodplain issues and concerns in Minnesota. This will be very helpful document for home owners and buyers looking to buy land on rivers or lakes that could possibly be affected by floodplain issues and more prone to […]
Major Loan Options for Buyers
Major loan options for buyers they should know about. This includes FHA, VA, Conventional and Vacation Properties. Home Loan Highlights: You should be know about the major loan options for buyers that are available. There are a number of different loan options available to buyers for the different properties they wish to purchase including vacation […]
Purchasing Property and Septic Systems
Buying a cabin or home creates excitement, however, this purchase also requires some thought and planning about how wastewater will be treated. Purchasing property and septic systems In certain conditions, St. Louis County may require that you have the septic system inspected to determine if it is in compliance when purchasing property that has a septic […]
Tax Aspects of Home Ownership: Selling a Home
This article was written by a Turbo Tax Expert, dated 12/1/2022 Profit on home sale usually tax-free Many home sellers don’t even have to report the transaction to the IRS. But if you’re one of the exceptions, knowing the rules about excluding the profit from your income can help you hold down your tax bill. […]
Thank you for 2022
Thank You for another Unforgettable Year! As winter approaches here in Northern Minnesota, we want to take a moment to thank all of our clients, friends, families and associates that played a role in another unforgettable real estate season! To All Our Clients, Friends and Acquaintances (both new and old), As the end of the […]
VRBO’s in St. Louis County
Short term rentals in St. Louis County–What You Need to Know Reminder: St. Louis County regulates VRBOs. St. Louis County regulates short term (vacation home) rentals. A short term rental dwelling unit is defined as any home, cabin, condominium or similar building represented to the public as a place where sleeping accommodations are furnished to the public […]
B.I.C. Realty affiliates with eXp Realty
B.I.C. Realty and it’s real estate agents are excited to announce they have joined forces with eXp Realty, the fastest-growing residential real estate company with over 80,000 agents globally. The core values of eXp Realty align with that of B.I.C. Realty include community, collaboration, services, integrity, fun and innovation. This transition will enable B.I.C. Realty to […]