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  • Real Estate Investment | Real Estate News, Reports, & Advice Blog

    Wednesday, July 12, 2017   /   by Olivia Martin

    5 Areas to Focus On: How to Increase Your Home's Resale Value

    It’s the hottest time of year, and with that comes the hottest selling season. When aiming to sell, keep in mind that the littlest changes can often have the largest impact when trying to increase the resale value of your home. Here are a few ideas to get you started on preparing your home to sell this summer, while also getting a great price for it:
    1.    Declutter

    It is important to keep in mind that some of the changes you will be making may not suit your personal preferences and tastes— that’s okay! Packing away family photos and sports memorabilia will be less distracting during showings. Keep in mind that many buyers cannot visualize a space, and if you have too much “stuff”, this can overwhelm them and leave them with a negative impression of your home.
    2.    Spruce up the bathrooms

    42% of real estate professionals surveyed by Consumer Reports agree that bathrooms are one of the most important rooms in a home t ...

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    Wednesday, April 12, 2017   /   by Olivia Martin

    To Buy Before Or After Selling Your Home?

    One of the biggest frustrations in the real estate market is timing. Having another property lined-up after selling a home is not always easy. The ideal scenario for sellers is to close on their current home just as they purchase a new one, allowing a seamless move.
    Unfortunately, as in most markets, it’s difficult to accurately predict timing between sale and purchase, causing frustrating conflicts in the transition process. The time-frame for getting a home under contract can range anywhere from days (not uncommon in here in Bozeman, Montana) to months or even years (typically for higher priced homes). This is why hiring a Realtor® is worth the investment to gain market insights about local inventory, months of supply, and other market conditions not entirely available to the public.        
    In short, there’s no concrete answer about whether it’s better to buy before or after selling your current home. There are pros and cons to either deci ...

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    Friday, March 24, 2017   /   by Olivia Martin

    A Skeptic Outlook for $125 Million Proposal for Two Bozeman High Schools

    Bozeman’s $125 million plan for a second high school and improvements to the existing one is awaiting voter approval in the upcoming May 2nd election, and the outlook doesn’t look so good.
    Voters normally approve Bozeman School District’s development plans, and by big margins. In the last seven school construction bond proposals, ($36 million for Bozeman High School, $16 million for Sacajawea Middle School, $5.5 million for Hawthorne Elementary, $17.5 million and $26.3 million to build Hyalite Elementary and Meadowlark Elementary, and two bonds of $14.1 million and $5.75 to build the new Chief Joseph Middle School) each were approved by margins as high as 62 to 70 percent.
    It seems, however, that voters are changing pace. In the last November election, voters of Gallatin County rejected the $71.5 million proposal for a new courts and law enforcement facility. The proposal lost by 3 percent (47% approved by city and county voters).
    Even more discouraging to the ...

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    Friday, March 24, 2017   /   by Olivia Martin

    Mortgage Rates Fall By Largest Weekly Margin Over Two Months

    As of March 23, the average mortgage rates have just fallen by the greatest weekly margin over the last two months, according to Freddi Mac’s mortgage rate survey.




    From last week, 30-year fixed mortgage rates declined by 7 basis points from 4.30 percent to 4.23 percent this week. At this same time last year, these rates were at a lower 3.71 percent. 




    15-year fixed mortgage rates also declined, by 0.05 percent from 3.50 percent to 3.45 percent this week. At this same time last year, these rates were at a lower 2.96 percent. 




    5-year adjustable rate mortgage (ARM) declined by 0.04 percent, down from 3.28 to 3.24 percent this week. At this same time last year, these rates were at a lower 2.89 percent.







    This data was pulled from Freddie Mac weekly survey data for 2017. While we attempt to provide reliable, useful information, we cannot guarantee that the information is accurate, current or suitable for any particular purpose. Estimate ...

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    Thursday, March 23, 2017   /   by Olivia Martin

    Another Mid-Rise Building Approved for Bozeman

    The lots currently occupied by the vacant old Pizza Hut at 716 W. Babcock Street and the home next to it may soon be the site of another four-story apartment building in Bozeman. The SOBO Lofts, or South Bozeman Lofts, is planned to hold 42 one-bedroom apartments and 3,000 square feet of commercial space facing Babcock Street.
    The project came by surprise as it was approved by Bozeman planning director Marty Matsen without a public hearing before the Bozeman City Commission. Meanwhile, a heated debate over another mid-rise building is already underway for the Black-Olive proposal downtown. It will be interesting to see how the neighbors respond when they see this building go up.  
    Here’s a map of all the mid-rise buildings that are currently planned or being constructed in Bozeman: 




    Matsen said that the SOBO Lofts plans abides by Bozeman’s zoning code, which does not merit a hearing before city commissioners. The SOBO building is planned to be 50 feet h ...

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