Closing at the Hospital - An Emond Team Client Story

At closings, us REALTORS are usually just there to smile, tell jokes, and answer questions.

 

At the closing with Dusty and Maggie, I got to do a whole lot more!

With another child on the way and a move from Georgia, Dusty and Maggie were looking for that family home close to Rapid City with a yard.  We found a home with plenty of bedrooms and space in a Black Hawk neighborhood.

Part of the financing required signatures from Dusty’s father who was still on the east coast.  Easy stuff with our digital signature system!

With closing just a few days away, I got the word Maggie was in labor.

Fortunately, the Title Company was gracious enough to come to the hospital.  We had a closing in the delivery recovery room.

While Dusty and Maggie signed, I got my baby fix in holding the newborn (after 4 kids, I didn’t want any more…but holding a new one is always amazing!).  I even sent pictures to my wife so she’d get jealous!

That was one of my favorite closings.  So many great memories!

No matter your situation, we do everything we can to accommodate what you need and make your home buying experience an AMAZING one.

You deserve an awesome real estate experience!  Schedule a time to have coffee with us:

https://www.mindfullivingrealtyrc.com/free-coffee-on-us

Rock on!!

Buyers Become Sellers And Move On - An Emond Team Client Story

5 years ago, Greg and Heather were referred to me by a mutual military friend.

There was a little culture shock as we began looking for homes.  After being in South Carolina with their large entryways, smooth walls, and white trim, our textured walls and popcorn ceilings weren’t what they were hoping for.  We even talked with a builder about no texture on the walls.  The estimate back from the mud guys was a considerable sum…

It took some time to get used to homes in our area, but they did find a home with a 3 car garage they loved.

Here they began their family with a baby girl and kitten!

Duty would call again, however, sending Greg south.

They took great care of their home.  The pictures and videos looked so great!  But they endured more unexpected twists and turns than most sellers should.

First, there was the slow market showings in their neighborhood.

Next, we received a sight unseen offer with a home viewing contingency – meaning they could back out if they weren’t satisfied with the house after viewing it.

Sure enough, when the buyers came up 2 weeks later, they decided the home wasn’t for them.

Buyer 1 – gone.

The next offer came in a week later.  That weekend I got the call….they buyer had suddenly lost her job.

Buyer 2 – busted.

You’d think 3^rd time is the charm, right?  Yeah, us too.

3^rd offer in and accepted.  Another call that weekend.  The buyer’s husband had committed suicide.

WHAT?  Crazy?  I’ve ever had such weird, un-avoidable experiences with a seller before – all in the space of a month.

Buyer 3 – sadly gone.

The 4^th offer did finally get closed.  Even after a sideways blowing snowstorm and 3 feet of snow in the driveway a few days before close.

Through it all, Greg and Heather were calm, understanding, and maybe more sympathetic than they needed to be.  We were even a bit scared what might happen to the 4^th buyer after everything that happened!

We’ll miss them around.  Always fun to talk to and watch their family grow.

Life is unexpected.  Curve balls get thrown at you.  You can’t control everything.

But patience and perseverance will always win the day. 

We at the Emond Team are here to help you through your real estate transactions – no matter what gets thrown at us. Schedule a time to have coffee on us!

https://www.mindfullivingrealtyrc.com/free-coffee-on-us/

Buying A Home Should Be Fun - An Emond Team Client Story

Buying A Home Should Be Fun
An Emond Team Client Story

“Yellow Car!”

I glanced sideways from driving to the next home I was showing Alex and Brittani to see what that was all about.

Alex, in the back seat, swore under his breath.  In the next moment, blurted out “Yellow car!”

“OK.” I said. “What’s going on?”

It was their car game.  You get into the car, the game begins.  Whoever sees and calls the most yellow cars before getting out of the car wins.  School buses, construction vehicles, and other commercial vehicles excluded, of course.

I loved that they felt comfortable enough around me that they could keep playing their game – even in my car showing homes.

Didn’t take long before I was hooked and calling out yellow car as well.  My inexperience did not help me win any of the bouts, however.  I like to think I added to the competition.  😊

We had FUN looking at homes.

The home they fell in love with even had a secret room behind a bookcase in the basement behind the bar.  We were cracking up about that the whole time.

It was such a great transaction.  They were on top of whatever the lender needed, realistic on what they were buying, and so appreciative of everything.

At closing, I presented them with a yellow matchbox car in memory of the fun we had driving around.

Real Estate is never boring.  Some of the unique homes, designs, decorations (and collections, of course) are hilarious!

You just have to lighten up and enjoy the process.

Having fun is part of who we are at The Emond Team.  A friend of mine described it right:
“If you ain’t having fun, you ain’t doin’ it right!”

Let’s go and experience some home buying fun!  Schedule a time to meet with us over coffee and discuss your home dreams. 

https://www.facebook.com/pg/rapidcityhomesonline/services/

Rapid City Home Style Renovation Loan - Buy it AND Fix it!

Home Buyer Loans
Home Style Renovation Program

  Hi everybody! I'm Tristan Emond with Mindful Living Realty and this is Angelia with Gateway Mortgage. We're here at 15 Camp Drive just off Highway 385. We're gonna take a look at it and talk to you about some home buyer options.

Ready to do this? Let's do it!

Tristan: All right here we are, in this house. Obviously, we need some updating. There's some old, cool things here. But if I come in here, probably want some things taken care of.
They probably don't want a heart bathtub.  How can a buyer fix this property up and and roll it into the loan? What kind of programs you have?

Angelia: We have a really good one. It's called the Home Style Loan Program. What that means is, you can come in -have a purchase price, you can have your contractor come in and give you bids for whatever you want to have updated or remodeled for your liking.

Tristan: Your choice? You decide what you want to do?

Angelia: Yep your choice. You can do kitchens, bathrooms. It has to have some value to it so that it helps your value on your appraisal.
Then what we do is we get the bids from the contractor and add that to the appraisal - we do an "as-if" appraisal. When that appraisal will come back, it says “Yes your value would be ‘this’ if you have these remodels or rehabs completed.” And then we can lend off of that amount.

Tristan: This property is right now $185,000. Let's say you brought a contractor in here and he says, “$20,000 will get all this fixed.”  So then total purchase price is $205,000. Correct?

Angelia: Yep and then we can go off of that value.  We can do up to 97% loan to value - so a minimum 3% down for some borrowers.

Tristan: So, a buyer coming in would have to have 3% down cash?

Angelia: Minimum, yes.

Tristan: Up to 5% down I assume?

Angelia: Yes, you get 3% if you're a first-time home buyer. Then 5% up to whatever you want.

Tristan: Okay sounds good!  Obviously they need to be approved for the total amount as far as their income ratio, etc, etc, etc.. You gotta be pre-approved for the total amount?

Angelia: Correct. Because what we will do is, once you buy the house the seller will get paid their proceeds. And then the amount for the rehab or remodel will be set in an escrow account, where that contractor will draw from that account.

Tristan: Everything gets done by the contractor.

Angelia: Yep. And it will all be done so when you move in....it's all ready to go.  You don't have to do the work yourself.

Tristan: This would be a great option if you want to buy this house (or any other house) and there were some updates that needed to be done or some repairs. Sounds like maybe even some foundation repairs or something as long as that appraisal worked out at the end, everything should be good.

Angelia: You can even add a garage. We've have some people that have houses that don't have a garage, you could add a garage if they have the space. That adds some big value to it. Everybody needs a garage. It's called the Home Style Rehab Program.

Tristan: Awesome! Any questions, give Angelia a call. Talk to you later! Thank you!

Angelia Dale's Legal information:
Angelia Dale, Loan Originator, NMLS #175544
Gateway Mortgage Group
Rapid City, SD
605-490-2246
angelia.dale@gatewayloan.com

Gateway Mortgage Group is a registered service mark of Gateway Mortgage Group, LLC. NMLS 7233. All loans subject to program guidelines and final underwriting approval. See local branch for additional terms and conditions. South Dakota Mortgage Lender License #ML.05071

Getting Your Home Ready to Sell | Tristan and his WHITEBOARD LIVE!

Get Your Home Ready to Sell

Tristan and his WHITEBOARD - LIVE!

Get Your Home Ready for Sale!  Don't wait too long!


Hey Everybody! I'm Tristan Emond with Mindful Living Realty.

Welcome back to Tristan and his WHITEBOARD - LIVE!

Today we are talking to home sellers who are thinking about getting your home ready for sale.
And I know that every REALTOR will probably tell you, "Yup. You got it ready, now is a great time to list!"

I'm here to tell you now IS a great time to list.

Lemme tell you why.

Since January 1st, where in one of my last videos I reported we had a really low amount of inventory, we have put well over 100 plus homes under contract. Over a hundred under contract.

There was on property we looked at with a buyer, he decided not to put an offer on it, But eight offers on that one property. Eight offers!

Also, I have been receiving a number of emails from other agents saying "Hey, I've got buyers. They are looking in this area, in this price point. They can't find anything they like Do you have anything coming up?"

We have a buyer demand that's looking for properties in the Rapid City area.

Now is a great time to put your home on the market!

Even if you’re not ready to put your home on the market yet,
it’s a good time to get it ready to be put on the market.

You may need to do a few things to make sure that home is as clean and sparkling as possible.

To help, I have created a bunch of videos, a seven-step series of videos, to talk about how you can prepare your home for sale.

I've also prepared a report "Seven Steps for Getting Your Home Ready for Sale!"

Both of these items you can have delivered directly to your inbox. Actually, directly to your Facebook Messenger.

All you have to do is type in the comments below "GIMME" and this information will be sent directly to you.

Now if you are watching this outside of Facebook, get onto this Facebook page, Type in the comments "GIMME", and it will be sent to over Facebook Messenger
(Post link: https://business.facebook.com/rapidcityhomesonline/videos/959749720896837)

This year reminds me of 2017 where by February 15th we were in the height of the spring market. If you waited until May you were almost too late.

If you are thinking about listing this spring, don't wait until May. Get it done as soon as possible.

Get it ready now!

If you have any questions, if you have any concerns, download my reports, then get a hold of us.
We'll come by take a look at your property, and get you started.


Thanks so much guys! Have a great day. Talk to you next time on Tristan and his WHITEBOARD.

The Real Estate Agent of the Family | An Emond Team Client Story

We can be your real estate agent of the family…

It’s one thing to have 2 closings in one day.

It’s another when those 2 closings are from the same family – the parents AND the daughter.

But…let’s back up a bit.

Back in 2010, we helped the Fredrichs buy a cabin in the Hills for a vacation home.  They put love and sweat into it and made it into an amazing place!

As time went on, they sent their family and friends to us for real estate transactions.

Fast forward to 2018.  It was time to sell their cabin and buy a forever home closer to town.

At the same time, their daughter Emily had been approved to buy her first home.

We found the places they loved about the same time and scheduled the closing for the same day.  (their vacation cabin was under contract and was scheduled to close a few weeks later)

We kept each other on our toes as we handled all 3 transactions at the same time.

Through their attention to detail and a couple of great homes, closing day finally arrived.

It was an honor to sit next to them as they signed their documents.  Emily was so excited, and Jay and Cindy were relieved to be moving forward.

A few months after that, we sold an amazing lot in the Hills to their other daughter and son-in-law for them to build their dream home.

The Fredrichs trusted in us to help their family move up in life.

We are ready to do the same for you.  Our family…helping your family.
We can be your family’s REALTORS for life.

Are you ready to get started?  Shoot us a message and let’s schedule a time to get together.

Or fill out the form on our page!  https://rapidcityhomes.net/emond-team/

Conventional versus Government Mortgage Loans | Tristan and his WHITEBOARD - LIVE!

Conventional versus Government Loans

Tristan and his WHITEBOARD - LIVE!

Conventional Versus Government Mortgage Loans

Hi everybody. This is Tristan Emond with Mindful Living Realty. Welcome back to Tristan and his WHITEBOARD - LIVE!

Today I'm with Angelia Dale with Gateway Mortgage.

And today we're going to talk about the difference between conventional and government loans.

Downpayment

So first of all, Angelia, give us a quick synopsis of what each one is. Okay so your conventional loans - they require a down payment. You know, anywhere between 5% and however much you want to put down. They're more your traditional loans that we do.

Our government loans are FHA VA and Rural Development. Some of them require 0% down up to 3 1/2% down for the FHA loans.

Okay so biggest difference at this point is down payment. So Conventional is 5% I'm sure plus, right? Government is zero to three and a half.

Okay so that's the main, obviously, money thing. So, if you have don't have as much money down, you're going to be with an FHA, VA or RD type of loan. If you've got a bigger percentage down, conventional is probably the way to go. Yes.

So, what's next on these?

Rules and Regs

Conventional loans have less rules regarding the appraisals, what you can do with the house, things like that. Where the government loans some of those loans require - you can't rent out your house, you have some different mortgage insurance requirements, that kind of thing.

Okay so conventional - less rules. Government - more rules.

But that's because I assume that the government is financing it, so they're going to say "Hey if we're gonna give you the money, you're going to follow our guidelines" correct? Yeah you are getting into a program that has zero to three and a half percent down, so there are some regulations required like that.

Very good. Okay next up?

Income and Assets

Our next step on conventional - they are not as particular on income, on assets, that stuff.  Your government programs - most of them have income requirements or asset requirements. So, they're a little bit tighter on the government programs regarding what they're looking for.

Okay so loose-er income regs (right?) on conventional.  And government has more income regs over here. 'Cause, again, you're basically buying into a program that allows you to have a lower percent down, right? Therefore, they're going to have more rules.

Home Condition

Okay last step. What about - I know with some of these government loans...you go into the property and there's the peeling paint outside or you've got a cracked window that has an issue.

The government programs are a lot tighter regarding health and safety issues. So, when you have peeling paint, broken screens or broken windows, things like that, that becomes an issue. The government programs want to make sure that you don't have a lot to fix when you go into a home, because you're going in with zero or three and a half percent down. So, you don't have a lot of assets to fix that property. They are a bit tighter on their appraisal requirements.

Where a conventional - they don't care so much if there's peeling paint on the house, because you don't have to go in and fix that.

Right - so we've got less conditions on the home (conventional) and then we've got more conditions over here (government).

Cool! Yep.

All right, well if that kind of wraps it up for us.

Thanks so much for coming on today and hopefully you can see or got some information here. I'll see you next time on Tristan and his WHITEBOARD!

Thank you!


Angelia's legal info:

Angelia Dale, Loan Originator, NMLS #175544

Gateway Mortgage Group

Rapid City, SD

605-490-2246

angelia.dale@gatewayloan.com

Gateway Mortgage Group is a registered service mark of Gateway Mortgage Group, LLC NMLS 7233. All loans subject to program guidelines and final underwriting approval. Contact local branch for details. 1301 W Omaha St #118, Rapid City, SD 57701. South Dakota Mortgage Lender License #ML.05071.

The Dream Came True for Our Rapid City Homebuyer - An Emond Team Client Story

Dreams do come true.

On December 1, 2011, Jessica posted on her Facebook status:

“Someday I aspire to own a home on the Boulevard.”

Someone should have warned her about putting things out there…  😊

In the fall of 2014, we listed a historical home on 11^th street.  The owners had bought it as a complete fixer-upper.  They had worked to make it a cute space while retaining as many of the historical pieces as possible.

The open houses on this property were phenomenal!  But…the comments were the same.  People loved the idea of an old home, but they really didn’t want to live in one.

The following Spring was the beginning of Jessica’s dream.  She called me to view the home.  As she walked through the living room, the floors creaked.  Her eyes lit up. 

I knew she was a buyer that would appreciate all this home had to offer.  She loved the history.  She loved the original woodworking, the staircase, the front porch.  She loved the potential of what she could do to make it her own.

AND….it was in her price range.

She quickly had her parents check it out (it turns out I knew her dad…), and excitedly put in an offer.

The sellers accepted and we were off to the races.

This picture of her on the front porch, arms raised in victory – is one of my favorites.

She was ecstatic.

She was realizing her dream of homeownership from 4 years earlier.

And we were along for the ride.

Another reason we do what we do  Helping others experience the dream of owning their own home.

In this case, her FIRST home.

You deserve a place to call home and an awesome real estate transaction to boot.  Call us.  We are here to help.

Your Family.  Your Home.

https://rapidcityhomes.net/emond-team/

Rapid City Real Estate Market in 2018 | Tristan and his WHITEBOARD LIVE!

2018 Rapid City Real Estate Market

Tristan and his WHITEBOARD - LIVE!

Rapid City Real Estate Market in 2018.

Hi everybody - happy 2019 and welcome back to Tristan and his WHITEBOARD LIVE!

So... of course we need to check out the 2018 Rapid City residential real estate numbers. See what happened last year.

So, you can see up here I've got a bunch of numbers. We're gonna go over a few things - we'll look at how things went.

We see the last year we were up 6 and 1/2 percent on our average sold price from 2017. What was really interesting to me was that in 2012 - since 2012 we're up 21%.  So steady growth - consistently - in our market as far as sold price is concerned.

I like to look at the price points that are selling the most to kind of give you an idea of where all the action is going at.  We can see in 2016 in the $150.000 to $200,000 price range, we had about 513 sell.  And in the $200,000 to 250,000 range...365.  So quite a difference.

However, this year are 2018, the $200,000 to $250,000 is taking the lead.  Of course, that does make sense as the prices go up, we're seeing more sold in this area as more of those homes become mainstream.

Used to be, you could buy quite a bit of home for $150,000.  Now, you know, you almost need $200,000 to get into something that's really nice, right?

Of course, the above would also reflect days on market.  The more action we have, the lower days of market.  In 2016 we had 47 days on the market and we're down about 10 days here in 2018.
A very strong market if things continue to click.

This red number down here is the number I want to drive some attention to.

That is how many homes are on the market as of January 1.  That's low.  That's not that many homes on the market at all…compared to where we usually are. We're usually in the 500 range about this time.

I see a lot of buyer pent-up demand.  We could be seeing an early spring season this year - you never know, but I think I can say we might have some of that coming here.

We'll see what happens!

Glad you're around for this 2019!   Hope to see you next time on Tristan and his WHITEBOARD! Have a great day!

- Tristan

Should You List Your Home Winter? | Tristan and his WHITEBOARD LIVE!

Should You List Your Home in Winter? 

Tristan and his WHITEBOARD - LIVE!

 
Should you list your home in the winter?  Or keep it active through the Holiday Season?

Hi everybody!  This is Tristan Emond with Mindful Living Realty.

Welcome back to Tristan and his WHITEBOARD - LIVE!

Today we're going to talk about something that's pretty important as we're getting close to the holiday season and winter. And that question is: should you keep your home on the market or should you list your property through the holidays and the winter time?  And the answer actually is - it depends!  (of course, right?)

Less Competition

My first point for the reason that you should keep your home on the market or still list your property is there is less competition.  You've got people that are like "You know, I'm just gonna wait till spring to list my home because it's the busy season...  blah blah blah.”

But there people that are coming into town and they need to buy home in December. So, if yours is only one of the “X” number that are available, you have a better chance of getting yours sold…because you didn't take it off the market and wait until spring to sell.

That might give you the best reason right there for keeping your home on the market.

If your home isn't on the market, you're not going to be able to sell the thing right?

Now, I don't want to be the one to say this is definitely going to happen for you.  Some Decemebers are great.  We've had great Januarys where we sold a lot of homes. But there have also been Januarys and Decembers where home sales are really, really slow.

Now typically, it does tend to slow down and the market will pick back up again in Spring. But if you list in the Spring with everybody else, then your competition is a lot higher, so you may not sell your home at that time either.

If your property is one that's been sitting on the market for awhile and you might just need that extra amount of time frame to get that buyer to come along at the right time.

Holiday Cheer

The other point to consider is Holiday Cheer.

If it's a very festive year - people are busy partying and having a good time going to people's houses and doing that kind of thing, real estate has a tendency to slow.  People are out doing other things that they enjoy more. However, if it's kind of one of those bah humbug sort of years, people are out buying, people are out selling, things happen in business a little more in those type of years.  Now of course that's kind of hard to judge, but it is a good point to realize how that happens.

Time Frame

And the third point of course is your time frame.  How soon do you need to sell? Where you at in your life as far as getting the property sold.

If it's something like "Well, you know, I can still next year, no big deal." Then you might consider not wanting to move during the winter and list in the Spring.  Certainly, up to you and how that works for you.

But if you need to sell and you really looking forward to get that property gone, you probably should keep it listed on the market because, as I said before, you can't sell if it isn't listed.

So those are my three points for selling during the winter for you to think about and for you determine what you might want to do.

If you have any questions please get a hold of us. We can look at the numbers and give you some ideas on how things work for where you are at in your neighborhood and how things have been selling.

Thanks again for watching Tristan and his WHITEBOARD. We will talk to you next time!

Sometimes You Gotta Win Clients Over | An Emond Team Client Story

Sometimes we have to win clients over.

Bad past experiences with another realtor can really suck.

In 2013, Brian and Mahala’s kids were gone.  It was time to downsize from their family home to a West Boulevard charmer.

A mutual friend hooked us up and we got the call to help out.

We had our work cut out for us.

When Brian and Mahala originally bought their home, Brian never felt like his agent had their back.  He silently questioned his loyalty and whether or not their best interests were really at the forefront.

Which led to a general distrust of realtors.

Understandable…

Since Mahala’s job at the time allowed minimal contact during the day, Brian became the guy to deal with “them thar” realtors.

Sarah and I were managing both transactions at once – making sure the buyer bought their house and arranging for the purchase of their new one.

It was a BUNCH of emails, texts, and phone calls.

And fortunately, with consistent communications and updates, we changed his mind about real estate agents.

“They made me believe again”

“The process was seamless from A thru Z. It could not have been more trouble-free. Tristan and Sarah held my hand through the entire process (figuratively). Tristan worked closely with our banker, inspector, and title company. He left nothing undone and kept a close eye on the details of the two transactions (even to the extent of gently nudging me on occasion)”

Since then, we have leased commercial spaces for his family.  We even helped Mahala into a wonderful space for her business when she decided to venture out on her own.

But it doesn’t stop there.

We regularly meet for lunch.  We talk about our kids, our businesses, Brian’s soccer and my football.

Because this real estate stuff is more than buying and selling.

It’s a relationship.  It’s a family.  Doing it right.

If you are ready to start your real estate journey with the Emond Team and become part of our family…let’s meet up.  We ain’t scary.  😊

Send us a message or hit up our website:

https://rapidcityhomes.net/emond-team/

We'd love to work with you!

- Tristan

Sewer Line Issues and Your Rapid City Home Sale | Tristan and his WHITEBOARD - LIVE!

Tristan and his WHITEBOARD - LIVE!

Rapid City Home Sewer Line Issues and the Home Sale

Sewer line issues and the home sale.

Hi everybody, this is Tristan Emond with Mindful Living Realty.

Welcome back to Tristan and his WHITEBOARD - LIVE!

Yes, I've got drawings on my board already and no - my kids did not draw them...I did.  Yes, I am an artist. I've even got the sun shining on the house!

Today, we're going to talk about sewer lines.  And this is a very important thing to talk about when it comes to the buying and selling transaction because...we will talk about now!

The sewer line, as we know, runs from the house all the way to the street.  As a homeowner in Rapid City, you are responsible for everything from here to where it connects into the city line.

Now, normally that's not a problem.  You've probably never even thought about it.  It's always worked, so not a not a big deal.

The issue comes into play where you have an older home - especially in the 40s to the 60s in the southeast part town.  Those homes were built with a pipe called Orangeburg. And that pipe was basically a hard cardboard.

What happens is over to the course of time, with all the moisture and the tree roots and everything, those pipes start to collapse. I've seen some that gone down to this. I've seen some of them nothing.

As a buyer, you're going to want to spend the money to get a scope of all the line to make sure that that is clear of any problems.  So you're not dealing with the sewer backup.  If we need to replace this line, it's a good $5,000 bill.  We want to make sure that that is covered for you as a buyer.

And as a seller you’ll want to consider the fact that hey – yeah, you have never replaced your sewer line, and you've never done anything with it...you may want to think about that's something that a buyer coming to buy your home might be concerned with.

Now obviously on the newer homes that have the PVC pipe lines already installed, not generally too worried about those. Those usually hold up pretty well.

But the older homes...as a buyer's agent I'm going to be running a sewer line scope just to make sure that those are in place and it's not going to be huge bill for the buyer.

I've had a few deals where those deals have broken apart because of that scenario.

Now there might be a couple - there's a couple of easy ways to kind of get a general idea of has it been replaced yet or not.  If you look on the street a lot of times, you'll see a cut out from the concrete.  Also, on the yard, you'll see a - somewhere in the front yard - you'll see a clean-out there. 

If you see these two things, you probably have a good idea that it has been replaced at some point.

Not that I will still wouldn't want to run the sewer scope, but that might be a good indication that it's been replaced at some point.

So, there we go - the sewer line.

I got through it without even making any crappy puns!

Have a great day everybody!  We'll talk to you next time.

Do You Need 20% Down to Buy a Home?

Do you Need 20% Down to Buy a Home?

Tristan and his WHITEBOARD - LIVE!

Hi everybody, this is Tristan Emond with Mindful Living Realty.

Welcome back to Tristan and his WHITEBOARD - LIVE.

Here again with Angelia Dale with Gateway Mortgage.

Today we're going to talk about something that's kind of prevalent in the mortgage industry, especially.

It's the thought form that you have to have 20 percent down to buy a home.  And hey - who has that kind of money anymore? I mean, if you do, you know, you can bring my way...

Anyway, so this question is: "Do you really need 20 percent down to buy a home in today's market?"

You don't!  So, there are...we have our conventional loans which you can do 5% down.

You can do the government loans which require zero to three and a half percent down.

There's a lot of different options.  Which, you really want to talk to the loan officers.  "Okay what program best fits?"

If you don't have the assets, we have South Dakota Housing for first-time homebuyers which can help with a down payment.

Or if you have 20% down, you won't have mortgage insurance on a conventional loan.

There's a whole bunch of variety of options.

But you DO NOT have to have 20% down to buy a house.

All right! So basic storyline here is, don't be afraid to contact your mortgage broker and say "Hey this is what I've heard.  What can I do?  what can I afford?"  And go from there.

Yeah! There are many options.

Sounds good, thank you!  Talk to your mortgage broker and we'll see you next time on Tristan and his WHITEBOARD!

:)


- Tristan


Angelia Dale legal info:
Angelia Dale, Loan Originator, NMLS #175544
Gateway Mortgage Group
Rapid City, SD
605-490-2246
angelia.dale@gatewayloan.com

Gateway Mortgage Group is a registered service mark of Gateway Mortgage Group, LLC NMLS 7233. All loans subject to program guidelines and final underwriting approval. Contact local branch for details. 1301 W Omaha St #118, Rapid City, SD 57701. South Dakota Mortgage Lender License #ML.05071.

Four Minutes to Beat the Competition and Win the Home - an Emond Team Client Story

Four Minutes to Beat the Competition

An Emond Team Client Story

FOUR Minutes.  It only took 4 minutes for Claton and Renee to beat out the competition and get their home.

Wait, wait.  Let’s back up….

Claton and Renee were ready to buy a home.  Kid was on the way, their space was too small…it was time.

They had some unique needs in a Westside home that, quite honestly, I was skeptical we could find in their budget.

But then we walked into what would be their new home.  (spoiler alert)

It was springtime.  In Rapid City.  And the market was hot.  I called the listing agent to let him know an offer was coming.  He had just received one that day.

BAM.  Bidding war.

Claton and Renee were not discouraged.  They presented a strong offer that included a “we’ll pay ‘x’ more than those guys” clause.

The next morning, I got a call.

“Both offers were pretty similar,” the listing agent said.  “Here’s what we are gonna do.  At 1:30, I’m going to send both parties a counter.  The buyer that gets it back to me first wins.”

Game. On.

I immediately called Claton and Renee and told them the situation.  (the “sitch” if you are Kim Possible fans…)  Then we practiced.  I sent them a document to digitally sign through our e-sign system so they knew what to expect.

The next few hours we waited.  I. love. waiting.

1:30 – email came in.

Save to file, upload to system, send to Claton and Renee.

Text to both:  GO! GO! GO!

Claton signed….

Renee signed….

I got it back…

Download the file…come on, computer – faster!

Upload to email….SEND!

FOUR MINUTES.

S  O  L  D

The other agent hadn’t even been able to contact his people yet.

Thanks to Claton and Renee’s attention to detail and the ability to quickly sign digitally, they got their perfect westside home to start their family.

I walked around the rest of the day with my hands in the air.

YES!

Are you are ready to begin your real estate journey with the Emond Team?  You deserve a fantastic real estate transaction.  Schedule a time with us!

https://rapidcityhomes.net/emond-team/

Why We Do What We Do - A Personal Story by Tristan Emond

The Beginning

It was getting cramped in the double wide mobile home.

Michael and Seth were in bunk beds in one room and Isaiah and Emily shared the other.

Fortunately, that was on the other side of the house from our master bedroom. 😁

On those cold winter days when the kids didn’t get a chance to go outside, the open living room/kitchen/dining room got a bit noisy.

Fortunately, real estate was took off in 2008 and we got the thumbs up to look for a home.

It was a simple matter: the BIGGEST house for our budget. (those 4 kids ain't gonna get any smaller!)

Our First "Real" Home

We settled on a 4 bedroom split level home with detached garage. The previous owner had built an addition on the side giving us a family room upstairs and unfinished bedroom in the basement.

This is where my kids have grown up.

Not their first steps or first days at school, but it's where they played basketball and tether-ball.
✔️ We built a patio for the 10 foot pool.
✔️ They went to middle school.
✔️ They learned to drive (so glad THAT's over with...)
✔️ We had meals around the table and movie nights in the family room.
✔️ Friends came over and spent the night. (And still do...)
✔️ They studied for finals.
✔️ 2 boys graduated.

It’s nothing fancy. It needs some upgrades that the orthodontist bills took precedence over.
But it’s home. It’s OUR home.

We feel safe and secure.

I remember how I felt the first time I came home from the office:

I drove my car into the garage. Pulled my briefcase from the back seat. And shut the garage door. (yeah - no power in the garage...)

And then I 😁 smiled. I worked for this. I was providing a place for my family to grow, laugh, play, and cry.

Home.

➡️ THIS. This is what I want for you. This is why I do what I do. ⬅️

How can we help you feel awesome today?

Let's connect!

Tristan and Sarah Emond, Mindful Living Realty
605-391-7086

Rapid City Real Estate Market - Summer of 2018

Rapid City Real Estate Market Report

Summer 2018

by Tristan and his WHITEBOARD – LIVE!

Hey Everybody I’m Tristan Emond with Mindful Living Realty. Welcome back to Tristan and his WHITEBOARD- LIVE!

So, let’s take a look at some of the numbers we’ve got for the summer from May through August.  I put it into very high tech fancy graphic I got going on here.

So you can see the active numbers in 2017 vs 2018.  And we actually had quite a few more active in 2017 than we did in 2018.

However, the solds are about the same as far as the number.

Then we can see a pretty normal downhill trend towards August as people are finishing vacations and that kind of thing. Usually we see things kind of boot back up come September.  We’ll see how things go from there.

You can see here – since we have so many so many fewer listings on the market and about the same amount of sales, we actually have less homes on the market now than we have last year.  This is evidenced by the average six months sales around rapid city have been 37 days on market.  So we’ve been selling quickly and they’ve been selling for 98 percent of list price.

The market still is moving right along. We’re not seeing anything that’s going really, really slow at this point…aside from the typical end of summer doldrum there.  We’ll will probably pick right back up here until we’ll see what happens in November.

There we go!  Rapid City Market Report for the summer.

Have a great day, everyone!

Thanks for watching Tristan and his WHITEBOARD – we’ll see you next time!

New Video online! 6140 Timberline Road West

New video is UP!

6140 Timberline Road West
Rapid City SD 57702

6140 Timberline Road West - Rapid City, SD  57702.  NEW PRICE - now only $434,900!

This 2,200+ square foot 2 story home sits on 6 acres has Black Hills AND Rapid City night views.  360 Degree Views!  And you're only 5 minutes from town on blacktop roads...
Quick stats:

• 3 Beds
• 2.5 baths
• 2,216 square feet
• 2 car drive under garage
• 2 car detached garage
• 6 acres

The More Floofy Stuff: (If I blog it, it's a word...)  :)

With over 900 square feet of deck, you can watch the sun rise, the sun set, the deer around the circle driveway...hear the wind whistling through the trees, watch the storms come in....you get the picture.

I love the huge living room upstairs with 6 foot diameter gas fireplace.  Big picture windows all around to take in the views while you are inside.

Remodeled kitchen!  New tile backsplash, counters and flooring.  Plus brand new LG stainless steel appliances!

Each room downstairs has its own window to the trees!

Master Suite has been remodeled as well.  The new 36x60 tub. surround, and glass door look great and new vinyl completes the look.  There's even a cool sliding barn door into the master bedroom.

New furnaces, Air conditioner, and water heater.  There's even a smart thermostat - operate your system remotely!
Hot tub stays!

Wildlife. Views. Nice house.

Watch the video.  I had some fun with it so please smile.  Then send me a message.  You gotta see it in person.  The video and pics really don't do it justice!

For more pics, info and floor plan:  www.6140Timberline.com.

Toodles!

Tristan
605-391-7086

5147 Coal Bank, Rapid City Home for Sale by Mindful Living Realty

5147 Coal Bank, Rapid City SD 57701

Home for Sale by
Tristan Emond, Mindful Living Realty

You are going to LOVE everything about this home!

Yes, I know "pride of ownership" is a really overused word in real estate.  But that is this house!  The owners have done everything right!

This 4 level home has:

• 4 bedrooms
• 3 full baths
• 3 car garage (insulated and heated!)
• 2 master suites
• Surround sound in the family room
• Picture window in the living room
• Breakfast bar
• Beautiful kitchen
• Deck with hot tub
• Huge master suite in basement with dual sink and jetted tub in the master bath
• And so much more

Nice corner lot with views of some hills and trees.

Check out more pics, floorplans and details at www.5147CoalBank.com.

Awesome Possum!

Toodles,

Tristan

3736 Park Drive - Rapid City Townhome for Sale | Listed by Mindful Living Realty

3736 Park Drive
Rapid City, SD 57702

 

Westside Townhome!

Welcome to 3736 Park Drive in Rapid City!

This 4 bedroom, 2 bath townhome is minutes away from Corral Drive Elementary and Southwest Middle Schools.  Or take the sidewalk north to Canyon Lake Park.

Great location with no one directly behind you.  Your backyard neighbors are way up on the hill.  :)

Other features include:

• 1 car garage (sheetrocked)
• Fully fenced backyard
• Dog door out to the cool patio
• Hot Tub ready!
• Main Floor Laundry
• Breakfast Bar
• Dark Laminate Floors
• Tiled main shower
• Picture window out the living room
• Family room would make an awesome theater room!

Plus the mechanical room is huge!  It could be a craft room, hobby area, computer room, workout room, or just space for some junk!

More details on the listing website:  www.3736Park.com

Call or text Tristan to take a look!  605-593-9367

Happy Summering!

April 2018 Rapid City Real Estate Market Report | Tristan and his WHITEBOARD LIVE!

Tristan and his WHITEBOARD - LIVE

April 2018 Rapid City Real Estate Market Report Edition!

(sorry about the audio - FB LIVE recorded bad...the voice will sync about 25 seconds in)


Hey everybody. Welcome to Tristan and his WHITEBOARD LIVE - real estate market edition.
We'll be talking about four -  just FOUR numbers today.  It should be pretty simple, pretty easy.

44 Days on Market

So, I did a search and I looked at days on market of homes in April of this year and it's at 44. So, we've got 44 days on the market from the time home gets on the market to the time it's under contract on average throughout the Rapid City area in April of 2018. 

And that's actually a few days down from 2017 in April last year as well.  And last year was pretty butt-kicking as well.

38 Days on Market

But then I thought let's play with the numbers a bit.

Let's see what happens when we go from May 1st to today.  So that gets us at 38 days on the market.  Of course, you know I thought -  probably not a bad idea...I've heard a few stories about things moving along pretty good.

28 Days on Market

So, I thought, let’s, you know, narrow down a little more.  I did the Rapid City area from May 1st to today under 300,000 – because the homes over 300,000 have a tendency to take a little bit longer to sell sometimes. And that brings us to 28 days on the market.

20 Days on Market

And I thought -  you know what…as I'm looking at these numbers and notice there's 7 of them that are over 100 days.  And I said, let’s get rid of those outliers and see where the normal - if they are over 100 days on the market, there’s probably some...a reason that they are over 100 days on the market.  So, let's take a look at anything under 100 days on the market.  And that turns out to be 20 days on the market. And a whole heap of them were under...were in single digit range.

So, we are seeing a lot of homes move very quickly. And, in fact, Amanda - one of our agents here at Mindful Living Realty - had a home she put on the market and she sold 30 minutes later.  That fast is how things are selling.

Fortunately, it's not as bad as, like, Florida.  I was talking with one realtor friend in Florida who had an open house for one listing – it was for three hours and has 21 offers on the property.  So, we're not that bad and that crazy yet but certainly things are moving fast.

It is definitely time to get your home on the market if you'd like to get sold.

We can get it sold for you. Give us a call if you have any questions.

And have a great day!

Talk to you next time on Tristan and his WHITEBOARD.