We appreciate your business and your time. Live in Montana Real Estate is privately-held and locally-owned. We attribute our rapid expansion to specialized marketing and our proven sales approach. We understand that selling properties in Montana needs to take into account the unique character of the land and the people who LIVE here. 

Please contact us, if you are in the market for Missouri River homes, city houses, recreational acreage, log cabins, Holter Lake homes, ranches, farms, luxury homes, investment property, buildable land, any real estate you want to buy in Montana. We are Realtors with multiple designations, including that of Military Relocation Professional (MRP). We serve clients throughout Montana, including Great Falls, Augusta, Craig, Wolf Creek, Choteau, and those on the Rocky Mountain Front.

We want your business and will work tirelessly to earn it.

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Homes Expected to Sell Fast in 2018, Like Last Year

Homes Expected to Sell Fast in 2018, Like Last Year

A recent report showed that homes across the U.S. sold faster than ever during 2017. And experts believe that 2018 could be an even hotter real estate market, due to a chronically low level of homes for sale. So buyers should be prepared for competition.

2018 market report Meme #liveinmt


A Fast-Moving Real Estate Market in 2018

Here's the big message for home buyers and house hunters in 2018: Be prepared to move quickly when you find a house you want to buy. Nationwide, homes sold at their fastest pace on record last year. And this year could match, or even outpace, that record.

According to a recent report from the real estate information company Zillow, it took a median of 81 days to sell a home in 2017. That was nine days faster than the previous year. The fastest-selling month for houses was June of 2017, when it took about 73 days for a home to sell (including the actual closing process). Since it can take between four and six weeks to close a sale, this means the typical home was on the market for around 30 days, before going under contract.

Buyers Still Dealing With Limited Inventory

So here we are in spring 2018, and housing markets across the country are still red-hot. This is largely due to the dearth of inventory seen in many areas. Home buyers in 2018 are facing limited inventory this home-shopping season, which has been the case for the last three years.

According to the latest figures, housing market inventory across the country has declined on a year-over-year basis for 37 months in a row. This leaves fewer options for home buyers, while boosting competition and prices. In 2017, nearly a quarter of all homes sold across the U.S. went for more than the list price. This shows that stiff competition could be leading to bidding wars and driving prices higher.

According to Aaron Terrazas, senior economist at Zillow, 2018 will be marked by fast home sales.

"As demand has outpaced supply in the housing market over the past three years, buying a home has become an exercise in speed and agility," Terrazas said in a recent news release. "This [year] is shaping up to be another competitive home shopping season for buyers, who may have to linger on the market until they find the right home but then sprint across the finish line once they do."

Tips for Buying in a 'Fast' Market

Fortunately, there are some things you can do to make the house-hunting process more efficient, and to make your offer stand out.

  1. Here are five tips for buying in a competitive market:
  2. Review recent home sales in your target area, to get a feel for pricing.
  3. Work with an experienced real estate agent who knows the local market.
  4. Get pre-approved for mortgage financing to help narrow your price range.
  5. Move quickly with a strong offer when the right house comes along.
  6. Keep the big picture in mind; don't quibble with the seller over "nickels and dimes."

These conditions are affecting many cities and towns across the country, to varying degrees.

Article provided by MetroDepth real estate content.

Top 7 Mortgage Tips for First-Time Home Buyers

Top 7 Mortgage Tips for First-Time Home Buyers

Mortgage Tips for First Time HomeBuyers #liveinmt

The mortgage lending process can be somewhat intimidating, especially for first-time home buyers who've never been through it before. There's so much money on the line, and so many steps along the way. 

Below, we have assembled a "top-seven" list of mortgage tips for home buyers. Once you finish reading this list, you'll have a much better understanding of how it all works. 

1. Study the mortgage types.

Each type of mortgage loan comes with its own set of pros and cons. Some products are ideal for certain types of buyers, but disadvantageous for others. To decide which type of loan is right for you, you'll need to know the pluses and minuses of each type. Start by learning the pros and cons of (A) conventional versus government-backed loans, and (B) adjustable-rate versus fixed-rate loans. These are your two biggest choices.

2. Consider your staying time.

How long do you plan to stay in the home? This will often determine which type of home loan is best for you. For instance, an adjustable-rate mortgage (ARM) could lower your interest rate up front, when compared to a fixed-rate mortgage. But if you stay in the home beyond the ARM loan's introductory period, you'll face the uncertainty of interest rate adjustments. The 30-year fixed-rate mortgage is the most popular type of loan these days.

3. Consider all types of lenders.

Many first-time home buyers don't realize they can find mortgage financing locally, at local banks and credit unions. It's true. So when shopping around for a lender and a loan program, be sure to look beyond the "big banks." Don't limit yourself. Keep your options open. If you have an existing relationship with a bank or credit union, ask them if they offer home loans.

4. Shop for the best rate.

Mortgage lenders will offer interest rates based on your credit history and credit score. When your credit is good, lenders might offer you a lower rate. When your credit is bad, the opposite can be true. Each lender defines their comfort level differently, so interest rates may vary from one company to the next. This is why it’s so important to get offers from multiple lenders.  

5. Consider paying points.

One "point" is equal to one percent of the loan amount. (On a mortgage loan for $200,000, a single point would equal $2,000.) Some home buyers pay points at closing in order to lower their interest rate over the life of the loan. It's a tradeoff. You can pay more upfront, and out of pocket, to lower your total interests costs over time. This can be a wise strategy over the long term, but it might not work out well for a shorter stay. Ask your lender to show you pricing strategies both with and without points being paid.

7 Mortgage Tips for First Time HomeBuyers Simple White House #liveinmt


6. Don't go it alone.

Most of us have friends or family members who own homes. These are good sources of information. Somebody who has been through the process and seen mortgage loans from "all sides" can often provide great information. You should also enlist the support of your real estate agent. A real estate agent is not a mortgage advisor, but most are well-informed about the mortgage process.

7. Factor in PMI.

PMI stands for private mortgage insurance. If your down payment on a house is less than 20%, your lender might require that you pay PMI. This will increase the size of your monthly payments. If you can afford to put 20% down, you'll avoid having to pay PMI. It’s possible to get a mortgage loan with a down payment below 20%, but you’ll probably end up paying mortgage insurance of some kind — either private or government. When you get mortgage estimates from lenders, any required mortgage insurance should be included in the quote. But ask about it anyway, just to be sure.

Copyright 2018, MetroDepth. Some rights reserved.

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Benefits of Staging a Home when Selling

The Benefits of Staging When Selling a Home

Seller's market conditions persist in cities across the country, as inventory continues to fall short of demand. Under these kinds of conditions, sellers typically enjoy competing offers from buyers. 

But that doesn't mean sellers should skimp on the home staging. By staging your house for buyers, you can increase the chance for a quick sale and a full-price offer. And those are good things!

What Is Home Staging?

Home staging is when you take proactive steps to make your house more appealing to the majority of buyers. "Majority" is the key word here. Some people will dislike a certain property no matter what kind of staging is done. Taste is subjective, after all. But there are certain steps you can take to make your property appeal to the majority of potential buyers. And that's precisely what home staging is all about.

Home Staging Benefits and Tips from Live in MT Real Estate Montana #liveinmt Lynn Kenyon

The staging process can include such things as:

* Landscaping the yard, when applicable
* Painting the inside and/or outside of the house
* Replacing outdated fixtures with modern ones
* Arranging, adding, or removing furniture to maximize space
* De-cluttering the entire house
* Cleaning the house thoroughly from top to bottom

In some cases, these kinds of actions might be unnecessary or even cost-prohibitive. For example, a new or recently updated home with modern fixtures won't require any new knobs, sink handles, or light fixtures. But an older home with outdated fixtures might need extra attention (unless the fixtures are antiques that add charm).

What's the Point?

Now you know what home staging is, and what it involves. But what's the point? What can you get out of it, as a home seller?

As a seller, your mission is to sell your house as quickly as possible, and for the best possible price. Staging can help you achieve these goals, and in several ways. It creates aesthetic value, which helps to support your asking price. It presents your home in the best possible light, which will make buyers more inclined to make an offer.

Above all, effective home staging helps you set your house apart from others that are listed for sale in the area. This is especially important in a crowded market with many similar properties for sale.

When buyers look at a well-staged home, they tend to say things like:

  • "I got a great vibe from that house."
  • "I didn't want to leave."
  • "I could see myself living there."
  • "The owners have taken good care of that house."
  • "It seems nicer than the other homes we've looked at."


This is the kind of mindset that can lead to an offer.

Home staging allows you to create a favorable impression in the mind of potential buyers. And these kinds of impressions tend to "accumulate" as the buyer moves through the home. So if you stack enough of them in your favor, you'll have a much better chance of landing a strong offer. And that's your primary goal as a seller.

Article provided by MetroDepth content service.

We appreciate your business and your time. Live in Montana Real Estate is privately-held and locally-owned. We attribute our rapid expansion to specialized marketing and our proven sales approach. We understand that selling properties in Montana needs to take into account the unique character of the land and the people who LIVE here. 

Please contact us, if you are in the market for Missouri River homes, city houses, recreational acreage, log cabins, Holter Lake homes, ranches, farms, luxury homes, investment property, buildable land, any real estate you want to buy in Montana. We are Realtors with multiple designations, including that of Military Relocation Professional (MRP). We serve clients throughout Montana, including Great Falls, Augusta, Craig, Wolf Creek, Choteau, and those on the Rocky Mountain Front.

We want your business and will work tirelessly to earn it.