Frank Jermusek

Lawyer and Commercial Real Estate Professional

Frank Jermusek discovered his interest in law while in college at The University of St. Thomas in St. Paul. While studying Business at St. Thomas, Frank Jermusek was at the same time working for the Minnesota Investment Firm, Baker Investments. While his main work consisted of managing investments of the company, Frank began working on complex commercial transactions.

About Frank Jermusek

The Jermusek Law Firm, LLC

After studying law at William Mitchell, Frank Jermusek was hired immediately to work as an attorney at Leonard, Street and Deinard. In 2006, he founded his own law firm, The Jermusek Law Firm, LLC, which is based out of Minnesota.

The company is focused on providing sophisticated, creative, and practical solutions for clients dealing with real estate, business, and lending matters. Frank Jermusek has mainly focused his legal practice on business, real estate, lending, and golf/hospitality matters.

SVN | Northco

Working closely with his other Business, SVN | Northco, a real estate and investment firm also operating in the Minnesota area and Twin Cities, Frank Jermusek’s law firm will help individuals and companies across the greater Midwest handle legal work and strategies for real estate transactions, business transactions, and litigation for both.

In terms of real estate, Frank Jermusek’s firm will provide a practical solution to legal matters in purchase & sales, development & construction, debt & equity finance, leasing & property management, loan workouts & restructuring, commercial lending, 1031 Exchange, and, another speciality, Golf Course & Hospitality. In business, his firm will handle the legal work for business formation, contracts, mergers & acquisitions, and corporate finance.

In his work as a legal consultant and attorney at law, Frank Jermusek hopes to provide his clients with planning and preparation that will maximize the profit for their business or institution, and deliver the best possible results for that individual company or service.

Connect with Frank Jermusek

How to Choose the Right Real Estate Agent

How to Choose the Right Real Estate Agent

There are a lot of misconceptions surrounding real estate agents. For example, many people believe that agents pocket the entirety of commission checks, but much of that money is spent on expenses to get the house sold. With the misconceptions and stereotypes, finding... read more
5 Things to Know Before Putting Your House Up For Sale

5 Things to Know Before Putting Your House Up For Sale

If you’re gearing up to sell your house, you may feel overwhelmed by the sheer amount that has to be done. From cleaning every inch to painting everything a neutral color, it can seem like selling is more of a hassle than what it’s worth. And will all the hard work pay off? While there are endless articles written about everything you need to do before selling, some factors hold more weight than others. Here are the five most important things to know before putting your house on the market.

It’s Not Personal

Those neutral colors are recommended for a reason. When selling a home, you want a potential buyer to be able to imagine themselves in the space. A love for red in the dining room may have been perfect for you, but a potential buyer may not be able to envision themselves in the space. The same goes for personal belongings. If pictures of your family, mementos, and knick-knacks are scattered about the home, it blocks the buyer from seeing their family in the space.

Additionally, outdated fixtures and furniture can distract people from the possibilities that lie in every inch of the house. Small, inexpensive measures can be taken to update the home in an impactful way. Most experts agree that, if it’s in the budget, hiring a professional stager to design the home is good step to take.

Early Bird Gets the Worm

Many first-time sellers don’t know that the process takes as long as it does. If you want your home on the market in October, you should begin the process as early as sixty days before listing. In this time, meet with real estate agents, research the local market, and begin the upgrading and staging process.

Another thing to do in those sixty days? Start taking high-quality images of your home. Photos that are grainy, blurry, or improperly angled all play a big role in the amount of inquiries your home receives. The process is long in general, but the more prep time you allow yourself before actually putting your home on the market, the less stressful it will be.

Light It Up

People are affected by light more than they know. Lighting is often the difference between a popular versus an unpopular retail store, and for good reason. The light that occupies a space plays a major role in how we perceive the space. It’s the reason hospitals are so bright. It imparts a clean and sterile feeling.

The same principle applies to homes. Natural lighting is key, as is warm lighting for an evening open house. Natural and warm lights make a space feel fresh and cozy, respectively, which is what homes should feel like. Selling your house is all about making someone feel like they could live here and lighting plays a big part of that vision.

What You See is What You Get

When the exterior of the house leaves a lot to be desired, you’re pushing away customers before they even walk through the door. Make sure the house has been pressure-washed, weeds have been pulled, and that the yard is clean and tidy. Put out some flowerpots and a doormat and fix the cracked concrete stepping stone that’s been forgotten about.

It’s important to remember that the goal of a potential buyer being able to picture themselves living in a space extends to the exterior of the house. You want to buyer to be able to imagine themselves throwing a ball to their dog, sitting on the porch looking at the flowers, or playing catch with their kids.

Getting Emotional

You’re changing everything about the house you’ve lived in to disrupt the reflection of your family. Home’s see a lot of personal and life changes. Kids grow up. Promotions and dreams come true. Now you’re painting over growth notches in the door frame and taking down graduation pictures.

Taking away the personality in your house isn’t personal, but it is emotional. Remember that it’s okay for the process to feel emotionally overwhelming. That’s another reason to take your time. The more time you invest in the process of selling, the less painful it’s going to be when you sell because you’ve had time to process the experience.

Take a deep breath, finish ordering the bulk packing boxes, and concentrate on the aspects of selling a home that you can control. As long as you keep these five important aspects in mind, you’ll have an easier time saying goodbye to the space you called home for years.

2019 Real Estate Market Prediction

2019 Real Estate Market Prediction

Homebuyers and investors who remain patient in 2019 could see some handsome rewards, according to a leading real estate website. The site surveyed real estate economists who estimate the housing market will switch from a seller’s market to a buyer’s market by 2020. The economists surveyed forecast supply will outpace demand, which gives investors and prospective homebuyers a chance to negotiate lower prices. The trend could start to take shape by middle to late 2019. Here are some more trends that could take shape in 2019.

Rising Mortgage Rates
With the Federal Reserve continuing its trend of raising the benchmark interest rate, economists believe mortgage rates will follow suit. The 10-year Treasury, which is the rate many real estate analysts use to track mortgage interest rates, maintained a steady rise throughout 2018. If the trend continues in 2019, which many analysts suspect it will, mortgage interest rates will follow suit. Some in the industry predict mortgage rates could hover around 6 percent by the end of the year.

New Construction Will Rise
Demand continues to outpace supply in 2018. However, many economists speculate that new construction will highlight most of 2019. This is not to say 2019 will see a reversal in the current supply and demand cycle. New construction is starting to ramp up slowly, which means it will take a little time for supply to outpace demand. As previously mentioned, many real estate experts predict the trend will shift in 2020.

Millennials and Homeownership
In the past, Millennials were known as a generation of chronic renters. Today, that mindset is starting to change as more Millennials want to buy homes. Many in the generation are starting to plant roots and settle down, and this trend could help home sales throughout 2019. For investors, it may be time to consider selling in 2019 as more Millennial buyers enter the market. With the rise in housing prices starting to taper off, 2019 could be the year investors start taking some of their profits.

One thing is certain about the real estate market or any other market, they fluctuate. However, with a strong economy and a rise in new home construction, demand for housing should remain strong throughout 2019. If mortgage rates continue to rise throughout 2019, it could put a damper on some homebuying decisions, so 2019 could also be the year to sell.