Valerie Quinn Rydland
Coldwell Banker Realty

What is on Your Wish List?

2020 Homeowner Wish List [INFOGRAPHIC] | MyKCM



How Technology is Helping Buyers Navigate the Home Search Process 

How Technology is Helping Buyers Navigate the Home Search Process [INFOGRAPHIC] | MyKCM

Some Highlights:

  • A recent survey revealed that buyers are still considering moving forward with the homebuying process, even if they can’t see the home in-person.
  • While they still prefer to physically see a home, virtual home tours and accurate listing information top the list of tech specs buyers find most helpful in today’s process.
  • Let’s connect today to determine how technology can help power your home search.




 Buying A Home With Covid-19, I Can Help!


Buying a Home: Do You Know the Lingo? 

Buying a Home: Do You Know the Lingo? [INFOGRAPHIC] | MyKCM


  • Buying a home can be intimidating if you’re not familiar with the terms used throughout the process.
  • To point you in the right direction, here’s a list of some of the most common language you’ll hear along the way.
  • The best way to ensure your homebuying process is a positive one is to find a real estate professional who will guide you through every aspect of the transaction with ‘the heart of a teacher.’



Great News for Renters Who Want to Buy a Home

Great News for Renters Who Want to Buy a Home | MyKCM

Rents in the United States have been skyrocketing since 2012. This has caused many renters to face a tremendous burden when juggling their housing expenses and the desire to save for a down payment at the same time. The recent stabilization of rental prices provides a great opportunity for renters to save more of their current income to put toward the purchase of a home.

Just last week the Joint Center of Housing Studies of Harvard University released the America's Rental Housing 2020 Report. The results explain the financial challenges renters are experiencing today,

“Despite slowing demand and the continued strength of new construction, rental markets in the U.S. remain extremely tight. Vacancy rates are at decades-long lows, pushing up rents far faster than incomes. Both the number and share of cost-burdened renters are again on the rise, especially among middle-income households.”

According to the most recent Zillow Rent Index, which measures the estimated market-rate rent for all homes and apartments, the typical U.S. rent now stands at $1,600 per month. Here is a graph of how the index’s median rent values have climbed over the last eight years:Great News for Renters Who Want to Buy a Home | MyKCM

Is Good News Coming?

There seems, however, to be some good news on the horizon. Four of the major rent indices are all reporting that rents are finally beginning to stabilize in all rental categories:

1. The Zillow Rent Index, linked above, only rose 2.6% over the last year.

2. RENTCafé’s research team also analyzes rent data across the 260 largest cities in the United States. The data on average rents comes directly from competitively rented, large-scale, multi-family properties (50+ units in size). Their 2019 Year-End Rent Report shows only a 3% increase in rents from last year, the slowest annual rise over the past 17 months.

3. The CoreLogic Single Family Rent Index reports on single-family only rental listing data in the Multiple Listing Service. Their latest index shows how overall year-over-year rent price increases have slowed since February 2016, when they peaked at 4.2%. They have stabilized around 3% since early 2019.

4. The Apartment List National Rent Report uses median rent statistics for recent movers taken from the Census Bureau American Community Survey. The 2020 report reveals that the year-over-year growth rate of 1.6% matches the rate at this time last year; it is just ahead of the 1.5% rate from January 2016. They also explain how “the past five years also saw stretches of notably faster rent growth. Year-over-year rent growth stood at 2.6% in January 2018, and in January 2016 it was 3.3%, more than double the current rate.”

It seems tenants are getting a breather from the rapid rent increases that have plagued them for almost a decade.

Bottom Line

Rental expenses are beginning to moderate, and at the same time, average wages are increasing. That power combination may allow renters who dream of buying a home of their own an opportunity to save more money to put toward a down payment. That’s sensational news!




Minnesota Buyers Are Looking For Your Home 

Buyers Are Looking For Your Home [INFOGRAPHIC] | MyKCM

Some Highlights:

  • Existing Home Sales are currently at an annual pace of 5.46 million.
  • The inventory of existing homes for sale remains below the 6 months needed for a normal market and is now at a 3.9-month supply.
  • Inventory remains low due to high demand from buyers who are still looking for a house to buy!




Buying a home can be SCARY…Until you know the FACTS 

Buying a home can be SCARY…Until you know the FACTS [INFOGRAPHIC] | MyKCM

Some Highlights:

Many potential homebuyers believe they need a 20% down payment and a 780 FICO® score to qualify to buy a home. This stops many people from even trying to jump into homeownership! Here are some facts to help take the fear out of the process:

  • 71% of buyers who purchased homes have put down less than 20%.
  • 78.1% of loan applications were approved last month.
  • In September, the average credit score for approved loans was 737.




What Is the Cost of Waiting Until Next Year to Buy? 

What Is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC] | MyKCM

Some Highlights:

  • The “cost of waiting to buy” is defined as the additional funds necessary to buy a home if prices and interest rates were to increase over a period of time.
  • Freddie Mac forecasts interest rates will rise to 3.8% by Q4 2020.
  • CoreLogic predicts home prices will appreciate by 5.4% over the next 12 months.
  • If you’re ready and willing to buy your dream home, now is a great time to buy.


10 Steps to Buying a Home This Summer 

10 Steps to Buying a Home This Summer [INFOGRAPHIC] | MyKCM

Some Highlights:

  • If you are thinking of buying a home, you may not know where to start.
  • Here is a simple list of 10 steps that you will go through to purchase a home.
  • Make sure to ask your agent for details about each step and what else may be required in your area!


Buying a Home with Valerie Rydland

Valerie will take care of
all your home buying needs. From researching
communities to showing you available
properties to negotiating on your behalf, Valerie will
be with you every step of the way.
When searching for your dream home, Valerie can
provide detailed information on almost any
property currently listed for sale - whether it’s
listed by Coldwell Banker Burnet or another
real estate company. Valerie will always give you
her utmost attention — the attention you
want, the attention you deserve. Simply stated,
with Valerie Rydland you receive
the ultimate result - a successful real estate

Valerie is committed to her buyers!

Valerie will provide the following services to assist
you in your home search and purchase process:

• Buyer Counseling Session. Valerie will conduct a
buyer counseling session to discuss your needs
and goals, and to plan your property search.

• Buyer Agency Alternatives. Valerie will discuss
agency alternatives for you and the sellers.

• Buyer Representation Agreement. Valerie will
present and explain the representation
agreement and the benefits it offers.

• Buyer’s Package. Valerie will provide you with the
pertinent information you will need during the
buying process.

• Financing Qualification. Valerie will offer to arrange
to have you preapproved with recommended mortgage services.

• Coldwell Banker Burnet Sales Associates.
Valerie will present your property search criteria to
the Coldwell Banker Burnet sales associates.
The goal is to present you with properties as
they debut or before they appear on the open

• Property Showing. Valerie will show you properties
that meet the criteria you have selected.

• Property Evaluation. Valerie will discuss the positive
and negative features of a property that may
affect its value and future resale.

• Property Disclosure. Valerie will review with you
all inspection reports and other documents
pertaining to the condition of the property and
disclose all physical defects of the property that
are known to us.

• Review of Written Seller Disclosure. Valerie will
thoroughly review with you the seller’s written
disclosure statement to enable you to accept or
specify the remedy for each fault disclosed.

• Appraisal Contingency. Valerie will explain to you
the option of an appraisal contingency.

• Home Warranty. Valerie will explain to you the
option of a home warranty plan to reduce your
risk of repair when purchasing a property.

• Home Inspections. Valerie will recommend that you
obtain a professional home inspection.

• Home Inspection Remedies. Valerie will work with
you to request the seller remedy the items you

• Estimate of Funds Required. Valerie will provide
you with an approximate preliminary estimate
of closing costs and down payment requirement
anticipated in the transaction.

• Offer Preparation. Valerie will prepare a written
offer on the property you choose to purchase,
with terms approved by you.

• Negotiation Strategy. Valerie will prepare a
negotiation strategy for the property you have

• Offer Presentation. Valerie will present your
purchase offer in the most favorable light

• Walk-Through. Valerie will accompany you on a
thorough walk-through of the property (if one
is provided for in the sales contract) before

• Closing the Sale. Valerie will monitor and inform
you of the progress of the purchase agreement.

• After-Sale Service. Valerie  will contact you after the
closing to follow up on remaining details or
service needs.

• Service Satisfaction Survey. Valerie will provide
you with a confidential opportunity to give an
evaluation of our services.