• 701-500-3890 | Nathan Stremick

  • 701-721-2584 | Jeff Stremick

  • 701-857-3505 | Office

Selling & Buying Property

Selling A Property

Sell Your Minot Real Estate - When your Minot home or property is listed with Jeff or Nathan Stremick of Signal Realtors, it is part of an intensive multi level internet marketing plan that exposes your home or property to a vast audience of buyers. Plus, your Minot home or property is listed for sale in the local Minot area and surrounding Minot MLS. We Connect Buyers to You!

Tips On Selling Your Home

Below are some preparations you can make prior to contacting us. You can contact us at any time and we can guide you through the entire process of selling your Minot home.

How To Prepare Your Home For Sale

What's My House Worth?

Are you wondering what your home is currently worth or how it compares to similar Minot homes currently available from the Multiple Listing Service (MMLS), including homes that have recently sold, as well as similar properties currently listed? If so, I can prepare you a free comparative market analysis. All you need to do is click the button below and fill out the information on the Free Comparative Market Analysis Form. This information will be used to prepare your CMA report.

Get A FREE Market Analysis

How To Price Your Home

When the time comes to price your Minot area home for sale, you may be tempted to start with the price you paid for it, add a healthy markup and call it a day. Unfortunately, that strategy is unlikely to result in a true reflection of your home's market value.

Here are six strategies to help you figure out how much your home is worth:

  1. In order to think about how much someone else will be willing to pay for your home you must be willing to abandon your personal point of view. Buyers don't care about what you have invested in your home.
  2. Get a number of different Minot area real estate agents to give you a "Comparative Market Analysis" (CMA). This will tell you how your house compares to those that have sold recently. Price recommendations based on CMAs aren't gospel. Some Minot agents will tell you to under-price your home in hope of sparking a bidding war. Others will suggest a flatteringly high price to "buy" your listing only to demand a price reduction a few weeks later.
  3. Go to open houses in your neighborhood and try to make an impartial assessment of how those homes compare to yours in terms of location, size, amenities and condition.
  4. You need to find the average price per square foot for homes in your neighborhood. This is a good starting point in setting the price of your Minot area home.
  5. Take into consideration the current market conditions. This involves knowing if home prices are going up or down, if homes are selling quickly or slowly, if interest rates are attractive or not, whether the economy is hot or cold, or perhaps if the job market is strong or week.
  6. Make your transaction terms sweet. The more creative and flexible you can be in meeting the buyer's needs, the more success you'll have in pricing your home to sell.

Buying A Property

Minot area property selection and mortgage rates are very favorable. Personalized Attention, Trust, Knowledge, Integrity and Excellent service is what you’ll receive when working with us. We can show you any house in Minot that is on the Multiple Listing Service. Now...is the time to Buy a Home in Minot!

Tips For Purchasing A Home

Below are some preparations you can make prior to contacting us. You can also contact us at any time and we can guide you through the entire process as well.

Should You Get Pre-Approved?

If you are looking for a home, whether it is your first home or your tenth, you will need to deal with a home mortgage loan sooner than later. Since you have to deal with getting a mortgage anyway, it is a good idea to get pre-approved for the mortgage you need before you begin shopping for a Minot home.

One major advantage of getting pre-approved for a home mortgage loan is that it gives you a firm idea of how much you can borrow (or if you can borrow at all especially after the subprime loan crisis, it is harder to obtain a home mortgage loan now). If you know how much you can borrow and how much you have for a down payment, you can easily set a maximum price as you search for a home. You will not waste countless hours looking at homes, only to find out afterwards that you cannot afford the mortgage.

In addition, the real estate agents will be willing to spend more time assisting you in your home search if they know you are pre-approved for a mortgage loan. Sellers will also be more motivated to work with you if they know you are able to afford their asking price. Sellers will also take any offer you make more seriously if they know you are pre-approved for a mortgage. Pre-approval is a big help to the seller and the realtor, as well as the potential home buyer.

Why Do You Need A Home Inspection

Buying a home could be the largest single investment you will ever make. To minimize unpleasant surprises and unexpected difficulties, you’ll want to learn as much as you can about the newly constructed or existing house before you buy it. A home inspection may identify the need for major repairs or builder oversights, as well as the need for maintenance to keep it in good shape. After the inspection, you will know more about the house, which will allow you to make decisions with confidence.

What Is A Buyer Agency?

The agent, unless specifically disclosed otherwise, represents the seller in any transaction for the sale of a home. It is that agent's fiduciary duty (where their loyalty lies) to protect the seller's position at all times. A Buyer's Agency, however, may be an option available to you. Simply put, it allows the agent with whom you are working to be your representative and to put your interests above all others.

What Is Earnest Money?

It's a good faith deposit but not to be confused with a down payment. When buyers execute a purchase contract, the contract specifies how much money the buyer is initially putting up to secure the contract, to show "good faith," and how much money all together will be deposited as a down payment. The balance is generally financed as a mortgage or a combination of mortgages. An earnest money deposit says to the seller: "Yes, I am serious enough about buying your house that I'm willing to put my money where my mouth is."

What Are Closing Costs?

It is common for a variety of costs associated with the transaction (above and beyond the price of the property itself) to be incurred by either the buyer or the seller. These costs are typically paid at the closing, and are known as closing costs.