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Expert Tips for Navigating the Real Estate Market

My mission at Handy Andy Real Estate is to be your best resource for real estate advice. Whether you are a buyer, seller, or investor, I can answer any questions you might have about real estate. Subscribe to this blog to get the latest news on local market trends and receive expert tips for buying or selling a home.

How Does the Trump Administration Affect the Real Estate Market?


A lot has changed since election night on November 8th. Here’s what we’ve seen in the real estate market since.

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Since Donald Trump was elected on November 8th, our real estate market has changed a lot, for better and for worse.

Let’s start with the bad news first. Since the election, interest rates on mortgages have increased across the board. They are up over 4% now. Buyers who would have been able to purchase before the election might not be able to now. However, a 4% rate is still phenomenal when you compare it to the rates we’ve seen in the past that were well in the double digits. 

There does seem to be a renewed sense of optimism out there.

Now for the good news. There does seem to be a renewed sense of optimism in the real estate market, especially here in Rochester. Just the talk of lowering taxes, whether it happens or not, has increased optimism and home values.

If you have any questions or want more details about the Trump administration's effects on the market, give me a call or send me an email.

The Costs of Buying a Home: Explained


There are a few costs associated with buying a home. I’ll go over the full breakdown for you today.

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Buying a home comes with a lot of different costs. One of the things I get asked most often by homebuyers is to clear up confusion between things like down payments, closing costs, and earnest money.

To start, the down payment is the deposit you put down on a property. If you buy a $200,000 home, for example, and you put 10% down that would total to a deposit of $20,000. Then, the remaining $180,000 would become the total of your mortgage.

Different loan programs do have different levels of down payments associated with them. A rural development loan or a VA loan will be 0% down.

You may have a more conventional loan, though, with a minimum of 5% down. In these scenarios, the payment could be as much as 20% down.

Next we should think about closing costs. Closing costs are the general costs of buying a home. With this, there are three types of cost: the lender cost, titling costs, and governmental costs like taxes.

For example, a mortgage registration tax is $3.30 for every $1,000 of the home you buy. Other closing costs include a lender’s origination fee, appraisal, and others.

These closing costs should really be thought of as an addition to the original price, but in some circumstances you can negotiate having the seller pay them for you.

In some circumstances, you can negotiate for the seller to pay the closing costs for you.

Finally, there is the cost of earnest money. Earnest money is essentially money put down in good faith to let the seller know you are serious. 

This money actually goes toward your down payment as opposed to being an additional cost once you proceed with closing.

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

Join Us at Our Summer Fun Event!


Don’t miss our summer fun event on July 22nd! RSVP to get your free Honkers tickets.

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You are invited to our summer fun event!


Bring your friends and family to the Honkers game on July 22nd. We’ll pay for your food and your tickets!

It will be a super fun night and a great way to celebrate summer. We will also celebrate a veteran and his family on the field before the game starts.

Let us know how many tickets you will need!

Get to the stadium between 6:00 and 6:30 p.m. to pick up your tickets and your food voucher. We will celebrate the veteran on the field around 6:30, and the first pitch is thrown at 7:05.

Just RSVP to let us know how many tickets you will need! Go to HandyAndySummerFun.com or call our office at 507-258-5850 to let us know if you can make it!

In the meantime, don’t hesitate to reach out to us with any real estate questions. We look forward to seeing you!