The Negotiation Process of Selling a Home
The negotiation process can be one of the most exciting parts of selling a home, but until you get there, you may be wringing your hands, worried that you won’t be able to secure the deal. Whether you receive multiple offers or you get just one or two offers, B.I.C. Realty’s experienced agents can help […]
What is a Listing Agreement?
A listing agreement is a contract between you and your agent company that says the agent can represent you and market your property to potential buyers and their agents and establishes the sales price for your home.
Why Fall can be the Best Time to Sell and Buy Property
Key Insights In Minnesota Fall is a historically good time for buying and selling Property. Sellers will deal with more serious offers and buyers during Fall. Buyers will face less competition from other buyers. Many buyer and sellers assume Spring and Summer are the busiest times of the year for real estate transactions but in […]
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 […]
Offers: Counter, Reject or Accept
You’ve received an offer on your property. Awesome! Now what? It’s important to negotiate real estate offers to earn the best price and terms on the sale. Here are some insights you can use to accept the best offer on your property. What happens when a Offer is Received? Once an offer is made, your […]
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. […]
Code of Ethics
Did you know Realtors are obligated to follow a pretty lengthy Code of Ethics? This helps to bring integrity and fairness to real estate transactions. For more information, click here: CODE OF ETHICS
How Much Money will You get when You Sell Your Property?
Considering selling your home, hunting land, lake cabin or recreational property? If so, you are probably wondering how much money you will make when you get to the closing table. 1. Determine Property Value. A property valuation is a great place to start to help determine how much your property is worth in our current […]
Why Low Inventory is a Win for Sellers
The number of houses, lake homes and recreational property for for sale today is significantly lower than the high buyer activity in the current housing market. According to Lawrence Yun, Chief Economist for the National Association of Realtors (NAR): “There is no shortage of hopeful, potential buyers, but inventory is historically low.” In our local […]