W
e spoke with local real estate agents to uncover the secrets of the Fargo-Moorhead-West Fargo housing market. Here's what they had to say:

    The hottest neighborhoods for long-term home value are those in high demand, typically established areas with low special assessments. Neighborhoods like Rivers Bend, Rocking Horse Farm, and Shadow Creek are currently popular due to their blend of lifestyle, amenities, and smart equity plays.

    During the winter months, the market slows down significantly, while spring and summer see a surge in activity. Serious buyers remain active during the winter, and some of the best deals can be found during this time.

    When it comes to buying a home, don't just focus on interest rates – shop around for lenders and their programs as well. This will help you find the right fit for your financial situation. Additionally, consider the lifestyle aspects of a neighborhood, rather than just its square footage. Timing the market is a myth; instead, focus on timing your purchase when it's right for you.

    For sellers, making a good first impression is crucial. Invest in professional photography and staging to showcase your home's best features. Prepare your house for sale by decluttering, cleaning, and packing ahead of time. Pricing your home correctly from the start can also make a significant difference in its saleability.

    Some common mistakes buyers make include overthinking and getting stuck on what-ifs, while sellers often err by not pricing their homes correctly or failing to prepare them for sale.

    Neighborhoods with strong school districts, newer infrastructure, and lifestyle-driven amenities tend to hold value better during economic downturns. Established neighborhoods like Hawthorne and South Fargo are also known for their timeless charm.

    The sweet spot for home sales in this area is between $250K-$350K, with homes that are well-kept and feature stylish interiors, energy-efficient features, and no need for major repairs selling the fastest.

    Homebuyer assistance programs available in North Dakota and Minnesota include NDHFA's FirstHome program, MN's Start Up program, and local lender grants. These programs can provide thousands of dollars towards down payments or closing costs.

    Local builders known for their energy efficiency and cold-weather performance include Cornerstone Custom Homes, Plecity Kowalski, and Heritage Homes.

    In this market, expect a fight for homes under $350K, with bidding wars common in desirable areas. Special assessments, property taxes, and deed taxes can be unexpected costs for buyers, so it's essential to ask about them early on.

    Finally, buying or selling a house should be a fun process, but it's also a big transaction that requires professional guidance. Stay informed, connect with trusted professionals, and don't hesitate to ask questions when investing in your future.