Darla Jensen

There's so much hype right now with the tax credit deadline nearing. I'm curious if (A) you think the first time home buyer tax credit should be extended, and (B), Why? Also, does anybody know when we will find out if there is going to be an extension?

The home is new construction, however, has been vacant and closed up for 3 years. Buyers rarely request radon inspections in this area because of the sand soil. EPA Guideline is 4 and below in order to pass inspection.

The inspector mentioned an air exchanger would most likely get the radon level under the desired reading of 4. Most people I've talked with feel the reading is going to be higher because the home has sat vacant for 3+ years. There was also a pipe in the ground which was meant to be used for laundry hook-up in the lower level and had not been capped.

Any opinions or similar situations you may have are appreciated!

We haven't seen much of this strategy, until recently. This particular property is being marketed at 1/2 of "market value". The traffic is steady and offers are coming in. It will be very interesting to see what this property actually sells for. This is "bank owned".

All inspections have been satisfied and completed, contingencies have been removed. We have the "clear to close" from Mortgage.

At the closing table, the call comes in that Underwriting has now rejected the mortgage due to one of the buyers giving two weeks notice at their place of employment. Her salary could no longer be used on the application and they no longer qualified for the loan.

In this transaction, I represented the seller. We may assume buyers know better than to do something like this, however, in this market we cannot assume anything. The house is back on the market, and the buyers lost the home they fell in love with.

Business is picking up in the Brainerd Lakes Area. Three of the seven contracts I've been negotiating have come together, sellers are coming to the market, and buyers have a higher level of confidence and are taking advantage of this once in a lifetime opportunity to purchase a property at a low price AND at an excellent interest rate. This opportunity will not last forever!