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THE

FIRST-TIME HOMEBUYER

Q&A

30 NEW

LISTINGS

WINTER 2018/19 FALL 2018


WHAT IS

THE POWER OF PARK?

The Power of Park is a reflection on how Park Co. Realtors is a community driven organization. The community in which we live and work brings us great honor. Park Co. Realtors’ mission is to bring life, energy, and excitement to the community we love and call home. As the region’s #1 real estate company, Park Co. Realtors is a driving force behind attracting and connecting people in our vibrant community. At Park Co. Realtors, it is our responsibility to give back. The Power of Park extends far beyond the publication. It is our mission and our way of business.

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Giving

Back

At Park Co. Realtors, we strongly believe in giving back to the community. Whether it's helping at United Way Day of Caring, delivering Meals on Wheels, or volunteering with other non-profit organizations, we all believe in the importance of people helping people. Here are a few of the many charities we love to help! REBUILDING TOGETHER

CLAIR'S BEARS

SHANE - Rebuilding Together offers home repair and renovation services FREE of charge to low income families across Cass & Clay County. Many families live in substandard conditions and the need continues to grow as more homeowners are forced to choose between vital necessities and critical home repair or maintenance. Our goal is to help homeowners stay safe and healthy in their home by completing 30-50 projects each year.

KAREN - Clair’s Bears Program was created to assist children of all ages to feel comfortable in new surroundings or when faced with a time of struggle. Currently, Clair’s Bears are being distributed to children as they enter the YWCA shelter with their mothers looking for a safe place. There are additional outlets planned for the future, including the Red River Children’s Advocacy Center.

DMF LEND A HAND UP

WEST FARGO EXCHANGE CLUB

CARRIE - Lend A Hand UP is an affiliate of Dakota Medical Foundation, which promotes benefits and fundraising for people in Cass and Clay County suffering from a medical crisis. Ambassadors attend local benefits and events to represent the program and it's offerings.

CHRIS - West Fargo Exchange Club supports activities that benefit youth, promote pride in our country, honor military and public service providers, plus many more. Some of the local programs the club supports include High School Students of the Month, Meals on Wheels, Civic Excellence Award, firefighter and police Employees of the Year, youth baseball, and the Salvation Army Bell Ringing Campaign.

GIRLS ON THE RUN

MATTHEW'S VOICE PROJECT

KIAH – The Girls on the Run program allows young girls in our community the opportunity to learn and grow alongside others their age. Many topics are covered teaching life skills while learning the importance of healthy, physical lifestyles. It’s important to support the young women in our community and be great role models.

JENNY - Matthew’s Voice Project (MVP) is an effort to assist students in our public schools who are experiencing homelessness. Much of MVP’s focus is on unaccompanied youth (no parents or guardians in their lives), providing them with the support and encouragement they need to complete high school.

HABITAT FOR HUMANITY

UNITED WAY DAY OF CARING

NICK – "Habitat is important to me because as a former Habitat Home recipient, I understand the amazing opportunity that Habitat provides families. There is no stronger tool for a secure financial future than owning a home. Habitat is able to build 3-5 homes every single year. It is an honor to help them continue strengthening our community through homeownership."


30 NEW PROPERTIES! $1,350,000

18-4867 | RITABERG.COM 3366 1ST ST E, WEST FARGO 6BR | 5BA | 7,346(A) SQ FT RITA BERG | 701.238.4536

$495,000

$749,900

$704,000

18-5204 | JENNYSCHUSTER.COM 3568 GRANDWOOD DR N, FARGO 5BR | 4BA | 3,784(A) SQ FT JENNY SCHUSTER | 701.729.5851

18-5897 | JENNIFERSTURLAUGSON.COM 3856 14TH ST W, WEST FARGO 5BR | 4BA | 5,110(A) SQ FT JENNIFER STURLAUGSON | 701.371.8285

$484,900

$414,900

18-4917 | PARKCOMPANY.COM 2501 30TH AVE S #106, FARGO 3BR | 3BA | 3,380(A) SQ FT DEB NORDBY | CONNIE CARLSRUD

18-3989 | TERRYELLINGSON.COM 4254 COVENTRY DR S, FARGO 4BR | 3BA | 3,246(A) SQ FT TERRY ELLINGSON | 701.866.1231

18-5250 | SHARONHILGERS.COM 4260 50TH AVE S, FARGO 5BR | 4BA | 3,750(A) SQ FT SHARON HILGERS | 701.237.2848

$365,000

$330,000

$325,000

18-5129 | KIMKELLERHOMES.COM 3352 WASHINGTON ST S, FARGO 5BR | 4BA | 3,570(A) SQ FT KIM KELLER | 701.238.2899

18-4174 | KATIEKELSHHOMES.COM 6051 120TH AVE N, FELTON 4BR | 2BA | 3,504(A) SQ FT KATIE KELSH | 701.261.9906

18-5968 | KEVINFISHERHOMES.COM 1235 GOLDENWOOD DR, WEST FARGO 4BR | 4BA | 3,277(A) SQ FT KEVIN FISHER | 701.388.6267

$292,000

$289,900

$265,000

18-5604 | JENNYSCHUSTER.COM 3538 8TH ST W, WEST FARGO 4BR | 3BA | 2,280(A) SQ FT JENNY SCHUSTER | 701.729.5851

18-5715 | SARAHSTOCKHOMES.COM 4734 45TH AVE S, FARGO 4BR | 2BA | 2,182(A) SQ FT SARAH STOCK | 218.790.6181

$235,000

$229,900

18-5994 | CARRIESPEER.COM 610 WOODLAWN DR, KINDRED 4BR | 3BA | 3,704(A) SQ FT CARRIE SPEER | 701.219.1688

$239,000

18-5666 | DANHEDRICK.COM 117 23RD AVE N, FARGO 3BR | 2BA | 3,164(A) SQ FT DAN HEDRICK | 701.306.0719

18-5946 | ROBBIEQUICK.COM 1842 17TH ST S, FARGO 5BR | 2BA | 2,564(A) SQ FT ROBBIE QUICK | 701.367.9488

18-5391 | BRENDARICHERT.COM 5753 61ST ST S, FARGO 3BR | 2BA | 2,134(A) SQ FT BRENDA RICHERT | 701.238.6372


$179,900

$185,000

18-5835 | ARLINFISHER.COM 4875 55TH ST S, FARGO 3BR | 2BA | 1,672(A) SQ FT ARLIN FISHER | 701.261.8812

$139,000

18-4969 | DANHEDRICK.COM 1568 11TH AVE E, WEST FARGO 3BR | 3BA | 1,700(A) SQ FT DAN HEDRICK | 701.306.0719

$132,500

18-5923 | KARENSKJOLD.COM 803 HOBART ST, HAWLEY 2BR | 2BA | 2,328(A) SQ FT KAREN SKJOLD | 701.219.1697 NEW CONSTRUCTION

$155,900

$328,972

$103,500

18-5943 | TASHABARRETT.COM 1330 1ST AVE S , FARGO 3BR | 1BA | 1,716(A) SQ FT TASHA BARRETT | 701.793.6850

$1,2900,00

18-4498 | RANDYC.COM 908 27TH AVE W, WEST FARGO 4BR | 2BA | 2,176(A) SQ FT RANDY CLARK | 701.371.2903

$595,000

155 12TH AVE NW, WEST FARGO COMMERCIAL SALE | 14,543(A) SQ FT AL ANDERSON | 701.205.6931

LAKE SALLIE

18-524 | FARGOCOMMERCIALPROPERTIES.COM

191 12TH AVE NW, WEST FARGO COMMERICAL SALE | 3,200(A) SQ FT AL ANDERSON | 701.205.6931

$469,900

18-5369 | KARIMYHRE.COM 3420 17TH ST S, MOORHEAD 3BR | 2BA | 2,080(A) SQ FT KARI MYHRE | 701.729.1566

TENTER LAKE

18-554 | JUSTINVESTRE.COM 331 23RD ST, FARGO COMMERCIAL SALE | 3,600(A) SQ FT JUSTIN BERG | 701.729.5312

$225,000

COTTON LAKE

LAKES

$550,000

LLONNA HELENSKE |JENNIFER STURLAUGSON

$365,000

COMMERCIAL 18-523 | FARGOCOMMERCIALPROPERTIES.COM

18-5829| PARKCOMPANY.COM 2012 PARK BOULEVARD S #5 2BR | 1BA | 842(A) SQ FT

$189,900

$256,958

18-5728 | JAMIERSWENSON.COM 2269 58TH AVE S, FARGO 3BR | 2BA | 1,812(A) SQ FT JAMIE R SWENSON | 701.799.1779

18-5563 | MATTBRUNSVOLD.COM 1016 3RD AVE N, MOORHEAD 4BR | 2BA | 2,544(A) SQ FT MATT BRUNSVOLD | 701.306.9960

18-4022 | DANHEDRICK.COM 12867 W LAKE SALLIE DR, DETROIT LAKES 4BR | 2BA | 2,768(A) SQ FT DAN HEDRICK | 701.306.0719

18-5730 | JAMIERSWENSON.COM 41495 FAWN OAKS RD, DENT 4BR | 4BA | 3,660(A) SQ FT JAMIE R SWENSON | 701.799.1779

18-5605 | JAMIERSWENSON.COM 33915 COTTON LAKE RD N, ROCHERT 115,200(A) LOT SIZE SQ FT JAMIE R SWENSON | 701.799.1779


CAN I APPLY FOR A MORTGAGE BEFORE SPEAKING TO A REALTOR®? HOW LONG DOES IT TAKE BEFORE I KNOW IF I AM APPROVED? Yes! We can typically let you know right away if you qualify. Your application can be completed online, over the phone, or in person. - Audrey & Michaella

HOW MUCH DO I PAY A REALTOR®? WHO PAYS THE FEES? "For the majority of purchases, the buyer doesn't pay their buyer's agent any commission. Most sellers' listing fees include payment for the buyer's agent. The seller pays the buyer's agent for bringing you, the buyer, into the sale." - Nathan

DO I HAVE TO BE APPROVED FOR A MORTGAGE BEFORE LOOKING AT HOMES? No, however, we highly recommend getting pre-qualified before viewing homes so you know how much you can afford. - Audrey & Michaella

"Sellers pay the commission for both agents. Buyer's agents are there to walk through the process and educate you as the buyer. Generally, no fees are due from the buyer. At Park Co. Realtors, we guarantee there are no extra or hidden fees." - Stephanie

WHAT SHOULD I BRING TO A MORTGAGE APPOINTMENT? For each applicant, two consecutive pay stubs to reflect 30 days income and tax documents from the past two years. - Audrey & Michaella DO WE NEED TO BE MARRIED TO APPLY FOR A MORTGAGE TOGETHER? No, if you are applying for FHA, USDA, or Conventional. VA's eligibility requirements are veterans and spouses only. - Audrey & Michaella IF I HAVE YOU PULL MY CREDIT, WILL IT HURT MY CREDIT SCORE? The initial mortgage inquiry is estimated to only lower your credit score by 3-5 points, very minimal. When you are shopping for lenders, the credit bureaus have a formal policy to permit "rate shopping." Only the initial credit inquiry will affect your score; the others will not. The credit bureaus will acknowledge the first credit inquiry and will ignore each subsequent check. Borrowers have a 14-45 day time frame to rate shop. - Audrey & Michaella MY CREDIT SCORE ISN’T VERY GOOD. IS IT STILL WORTH APPLYING? Yes, there are programs that can help those with lower credit scores. FHA loans are meant for low-moderate income and commonly utilized by first-time homebuyers. If you would like to work on your credit score before applying, we recommend paying off or paying down credit cards, but not close them. Paying off other debt will also help. - Audrey & Michaella I DON’T HAVE MONEY FOR A DOWN PAYMENT. HOW MUCH SHOULD I SAVE? You can have as low as 2-3% down. That means only $4,500 on a $150,000 house. You may also use gift money from an immediate relative. It is best to talk to a mortgage professional to see what your options are and to get the best estimate of how much you will need to put down. USDA and VA allow for a 0% down. - Audrey & Michaella I WAS JUST APPROVED FOR A MORTGAGE. HOW DO I FIND A REALTOR®? "I would recommend asking friends or relatives if they have had good experiences working with a local REALTOR®. Your mortgage consultant may have a good recommendation, or speak with agents at open houses to see if you find one who you click with. I would consider speaking with or interviewing a couple of REALTORS® to make sure you pair yourself with someone who understands your needs and works in a way that is compatible with your schedule and communication style." - Nathan

WHAT SHOULD I EXPECT THE FIRST TIME I MEET WITH A REALTOR®? "When you first meet, your REALTOR® will take the time to explain the process of buying a home. You should feel confident that you understand what is going on during your transaction. Your REALTOR® will have a discussion about what you are looking for in a home, what your wants and needs are, and your time-frame for moving." - Nathan WHAT DOES THE REALTOR® DO TO HELP ME? "The REALTOR® helps you find a lender, hire a home inspector, write up and negotiate contracts, get you any additional information needed, and guide you through the process. There are 15-20 people involoved in a typical transaction. A skilled agent can make sure your buying experience is as smooth as possible." - Angie HOW MANY HOMES SHOULD I LOOK AT BEFORE WRITING AN OFFER? "There is no set number of homes to look at, but it is helpful to have an idea of what you like and do not like to before you start looking. The one thing you cannot change is location, so keep that in mind when looking at homes as most other things can be changed." - Angie "There is no set number of homes. I compare it to shopping for shoes. If you find the right fit, even if it’s the first one, buy it." - Stephanie WITH THE MORTGAGE PAYMENT, ARE THERE OTHER COSTS I NEED TO CONSIDER? "Your mortgage payment will more than likely include your taxes and insurance. Your down-payment is something you already know about, but there are some other costs to consider when buying a house. Typically, it is recommended that you have a home inspection performed to make sure the house you are buying is in good condition and to avoid unexpected costly repairs in the future. The home inspection can cost $300-$450 and is paid out of pocket by the buyer. At Park Co. Realtors, our agents may also recommend a home warranty for your benefit." - Nathan WHAT SHOULD I DO IF THERE AREN’T ANY HOMES IN MY PRICE RANGE? "You have a couple options, either wait until something comes along in your price range or work with your lender to see what you could possibly do to increase your purchase price. Be sure to work with a REALTOR® as they may be able to negotiate for you depending on the market." - Angie

PA R K CO M PANY M ORTG AG E

PARK CO. REALTORS

AUDREY

MICHAELLA

NATHAN

ANGIE

STEPHANIE

Mortgage Consultant NMLS 1007301

Mortgage Consultant NMLS 344106

REALTOR ®

REALTOR ®

REALTOR ®

KANKELFRITZ

VLIEM

LARSON

GOLDADER

OVERGAARD


AT PARK CO. REALTORS, WE HAVE OVER 1,000 YEARS OF COMBINED EXPERIENCE.

BACK ROW - BRENDA RICHERT - 33 YEARS, KARI MYHRE - 34 YEARS, KIM KELLER - 31 YEARS, SHARON HILGERS - 31 YEARS, JOYCE LEPINE - 29 YEARS. SEATED - BETTY WIELAND - 34 YEARS, JEFF BOTNEN - 25 YEARS, WILLY JACOBSON - 36 YEARS, DAWN LAHLUM - 25 YEARS - NOT PICTURED - RITA BERG - 33 YEARS, SHIRLEY MOEN - 27 YEARS, DEWEY UHLIR - 28 YEARS

CALL TODAY FOR A F REE MORTAGE COMPARISON.

Find the

PERFECT

location for business!

GREG DEAN

AUDREY

KANKELFRITZ

ANNA

JOHNSON

MICHAELLA VLIEM

Mortgage Consultant NMLS 8499

Mortgage Consultant NMLS 1007301

Mortgage Consultant NMLS 198888

Mortgage Consultant NMLS 344106

C 701-371-0240

C 701-541-4058

C 701-391-9462

C 701-866-4835

CONTACT ONE OF OUR COMMERCIAL REALTORS®!

CALL TODAY: 701-356-0438 APPLY ONLINE:PARKCOMPANYMORTGAGE. COM 27 N 10 TH ST, FARGO, ND | NMLS 198814

701.237.5031 PARKCOCOMMERCIAL.COM


JENN

TROY

JON

NEAL

KAT

LEE

The Power of Park - Winter Issue  
The Power of Park - Winter Issue