Meet the Chris Fritch Team Keller Williams Classic Realty!

Q and A with Chris Fritch @KellerWilliams Classic Realty

Question . Our house is free and clear. We have a $100,000 home equity line of credit, and the interest rate is somewhere in the neighborhood of 7 percent. We itemize tax deductions and are in a high federal tax rate, and hoping that any new tax laws will reduce our taxes. My question concerns using the home equity loan for investment. We are considering using $50,000 of the home equity line of credit and investing it in a growth stock for the next five years. An accountant/tax advisor, however, is strongly in favor of having an unencumbered house especially as we are close to retirement. Answer . It is a strong belief that homeowners -- of any age -- should make use of the equity they have gained from their real estate investments. As this column has suggested in the past, there are too many retired persons who are "house rich and cash poor." Hopefully, your house will appreciate in the future, and this appreciation will continue whether you have equity or not in ...

10 Things Nobody Tells you About #BuyingaHouse

10 things that only Real Estate agents like us will tell you! Buying a house can be a very exciting time and you need to be prepared. Our agents are well versed in this process and are ready now to show you the way! 1. The average person looks at 15 properties before making an offer. That doesn’t mean that some people don’t fall in love with the first home they see and make on offer on that one. For others, it may take up to 40 houses, but trust us when we say you’ll know when you’ve found the right one. 2. You don’t pay your real estate agents commission . Luckily for the buyers, it’s the sellers that pay their commission. There may be some other fees that are tied in, but your agent will be upfront with you about that. 3. Even though you told yourself you shouldn’t and wouldn’t, you’re going to end up looking at homes out of your price range. Whether you’re just browsing online or out and about, you’re going to find homes that aren’t in your price range and you’ll pro...

Land for sale on a CD? Yes!

37.8 Prime acres in Andover ready for a developer! 1565 161st Ave NW in Andover - Legal says it is on 161st but it actually is on 167th and Hanson 37.8 acres $875,000 Zoned R-1 single family rural Appx 3/4 of the land is high, dry, and wooded. Remainder is used as a sod field Borders county land Contract for deed available Brought to you by the Chris Fritch Team Keller Williams Classic Realty 763-746-3997 Land for sale in Andover MN The city we know today as Andover was first organized in 1857 under the name “Round Lake Township.” However, in 1860 the name was changed to “Grow Township” in honor of Senator Galusha A. Grow of Pennsylvania. Senator Grow spoke at a political campaign in Anoka that year, and the town name was changed to honor Senator Grow because of his strong advocacy of the Union cause. At that time, the population was 330 and included the geographical area we know today as Ham Lake. In fact, the area of Ham Lake was considered a part of Grow Townsh...

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