Figuring Out How Much You Can Afford When Buying a Home

Determining your budget is a crucial step in the homebuying process. It ensures that you’re looking for homes that you can comfortably afford without straining your finances. Here’s a step-by-step guide on how to determine a budget for purchasing your next home.

1. Assess your financial situation

Income and expenses: Start by examining your monthly income and expenses. This includes your salary, any additional sources of income, and regular bills such as utilities, groceries, car payments, and student loans.

Savings and debt: Consider your savings, including any down payment funds, emergency fund, and retirement accounts. Also, calculate your total debt, including credit card balances,…

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Affordability Matters More Than Interest Rates

When it comes to homeownership, many buyers tend to focus on the current interest rates as the primary factor influencing their decision. While interest rates do play a significant role in determining the overall cost of a mortgage, there are other crucial aspects to consider. One of the most important of these is affordability. Here are some questions to help you determine if you are truly ready to own a home.

Do you have a good job?

Your job and income level will greatly influence your ability to afford homeownership. It’s not just about the current salary you earn but also the stability of your job and the potential for career growth. Are you confident that your income will remain steady in the…

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Navigating the Twin Cities: Top 10 Tips for New Renters in Minneapolis

Hey there, future Minneapolis resident! I'm Britt Gerwick, your friendly neighborhood Leasing Realtor, and I couldn't be more excited to welcome you to the Land of 10,000 Lakes. Minneapolis, Minnesota, is an incredible city with a vibrant culture, a bustling job market, and a tight-knit community. Whether you're relocating for work, school, or just for a change of scenery, you've made an excellent choice.

Moving to a new city can be both exhilarating and overwhelming. That's why I'm here to help you get settled, make the most of your time in Minneapolis, and ensure your transition goes as smoothly as possible. This blog is tailored to the Agent group of 25 to 45, covering…

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ARE you open to homeownership, but don't know where to start?

Becoming a homeowner is a significant milestone, and for first-time homebuyers, it can be both exciting and intimidating. As a lender specializing in mortgages for first-time buyers, it's our mission to help you navigate this journey with confidence. In this comprehensive guide, we'll walk you through the top 10 things to consider when you're open to the possibilities of homeownership. By the end of this article, you'll be well-equipped to start your homeownership journey on the right foot.

1. Financial Preparedness:

The first and most crucial step is assessing your financial readiness. Consider your current income, savings, and monthly expenses. Review your credit score and history. A…

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Equity Is a Game Changer for Homeowners Looking To Sell 

If you’re a homeowner, you might be torn on whether or not to sell your house right now. Maybe that’s because you don’t want to take on a higher mortgage rate on your next home. If that’s your biggest hurdle, understanding your equity may be exactly what you need to help you feel more comfortable making your move.

What Equity Is and How It Works

Equity is the current value of your home minus what you owe on the loan. And recently, that equity has been growing far faster than you may expect.

Over the last few years, home prices rose dramatically, and that gave your equity a big boost very quickly. While the market has started to normalize, there’s still an imbalance between the number…

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DRG has partnered with THE best moving company in the Twin Cities!  From beginning to end, AAA Movers ensures that your move will be the least of your worries. Our movers are guaranteed pros and are full-time employees. You can rest easy knowing that your items will be protected by the best during your move.

We strive to earn your satisfaction with our services by making sure the job gets done right the first time. The AAA Movers team is here to assist with any issue that may arise before, during and after the move! AAA Movers will always take compassion in our careers; we are a brand that makes our customers and our community the priority. It is important that we make your last day in your old home as pleasant as your first in the new one.


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Congratulations on your upcoming home to lease! We at DRG are thrilled for you and appreciate your trust in us to help you find this home. Our priority is to ensure you have the best experience during this exciting time. To further assist you, we have partnered with Paragon Insurance Group, an exceptional insurance company that shares our commitment to exceeding expectations.

Paragon Insurance Group offers a unique advantage with access to rates from over 20 different companies. This enables them to provide you with the most comprehensive coverage at a competitive price for your renter's insurance. 

To help you get started, email Debby Berg  our designated representative from Paragon Insurance Group.  Use code in the subject…

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I wanted to write this regarding the recent discussions and proposals surrounding rent control in Minneapolis. As an Mpls landlord, I believe it is crucial to share our thoughts and concerns about the potential negative effects of implementing strict rent control measures within the city.

First, let me acknowledge the importance of ensuring fair and affordable housing for all residents. We understand the need to address the rising cost of living and the challenges faced by renters in our community. However, it is vital to consider the potential drawbacks and unintended consequences of rent control policies before making any hasty decisions. 

One of the primary concerns I have with rent control is the negative impact it can have on the supply and…

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Rent-to-own is a popular housing arrangement that allows individuals to gradually transition from renting a property to becoming its owner. This article aims to provide a clear understanding of the rent-to-own process through a simplified scenario. We will explore the basic steps involved, the benefits and considerations for both parties and shed light on the key factors to consider before entering into a rent-to-own agreement.

Scenario Overview 
Let's consider a scenario involving two parties: the tenant (renter) and the landlord (property owner). The tenant, John, is interested in purchasing a property but does not currently have the means to secure a mortgage or a large down payment. The landlord, Sarah, owns a property that she is willing to rent…

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The Minneapolis residential real estate market in 2023 is shifting towards a buyer's market, with an increasing number of unsold homes. Factors such as rising interest rates, global changes (e.g., war, inflation, employment uncertainty), and longer listing durations contribute to this trend. In a buyer's market, there is an excess of inventory, typically over six months' worth based on closed sales. In contrast, a seller's market has less than three months' worth of inventory, while a neutral or balanced market ranges from three to six months.

Here are the top ten reasons why homes fail to sell and how to address them for a successful sale:

1) Improve Photo Order:  To captivate potential buyers in today's era of decreasing attention spans, it is of…

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