Would you want to learn something about how to buy a home in Farmington?
The answers to how to buy a home can be confusing for many home buyers,
especially MN first
time home buyers. Since this process can be rather complicated I wrote this
blog post to offer some tips of how to accomplish your goal.
How To Buy A home in
Farmington
Most Minnesota home buyers start their process of buying a home on the web,
of course. There are many ways to accomplish this but a good place for you to
start is to use the MLS search on my personal website. There are tens of
thousands of Minnesota real estate websites out there but you will soon find
that many lack all of the important details when searching for a home. National
real estate websites do not show the annual property taxes due for each of the
listings which is one of the most critical factors when
estimating what your monthly payments will be.
Search
for a home in Farmington on my website
When you begin your search for homes in Farmington on my personal website you
will find all of the available listings from all of the real estate companies in
the area. Because I am a member of the Multiple Listing Service (MLS), my
property website will offer you complete details from every company.
Additionally I can set up a specific search for you so that I can email listings
in your price range as they come available.
Get
Preapproved To Buy A home in Farmington
How will you know what kind of price range you should be hunting for? In
order for you to determine home much the monthly payments you will have for a
home in Farmington you will need to get preapproved for mortgage financing.
Getting through the preapproval process is the critical first step for how to
buy a home in Farmington Since there is no cost or obligation when you get
prequalified by one of our local MN mortgage lenders, you should do this right
away so that you can clear any roadblocks there might be in the process of
getting a home loan.
Let's go look at homes!
After you have been preapproved I will take you to available listings in your
price range. I recommend that we look through at least 15 or 20 of these before
you buy one. By searching extensively you will get educated on homes that are a
good value to buy. When a listing comes available meeting your needs you should
be ready to make your offer since properties now sell fast.
After
the purchase agreement, and before closing
Once you’ve made your offer it usually takes about 30 or longer before you go
to your loan closing to finalize the purchase of your home. During this time
your lender will collect all of the necessary documentation they need from you
to complete your loan approval. They will almost always order an appraisal on
the home you are buying to estimate the value based on the sale of other homes.
The mortgage lender also orders a policy for title insurance to make sure you
will get clean title to the home upon purchase.
Closing on your home
After you receive your complete loan approval from your lender you will ready
for closing. At loan closing, all of the involved parties get together to sign
documentation as well as to exchange house keys, etc. Now that you have closed
on your home you are ready to move in!
The Community of
Farmington, MN
Farmington, MN is a rapidly
growing suburb of the Twin Cities metro area. With plenty of affordable homes
for sale, Farmington, MN has almost doubled its size over the past decade, now
with over 20,000 residents. Located just south of Rosemount in Dakota County, many MN first
time home buyers have used the Dakota County first time buyers program to
buy in Farmington. If you are looking to buy or sell real estate Farmington, MN
real estate please don't hesitate to give me a call.
Are you ready to start the process of looking for homes? Just give me a call
or send me an email and I am looking forward to helping you find your dream
home!
Robert Phyle,CSP,GRI,RSA
Broker Associate, Realtor
Coldwell Banker Burnet
rlphyle@cbburnet.com
Cell 612-801-4657
Direct 952-997-1955
Fax 952-432-8372
7741 147th St W.
Apple
Valley, MN 55124
www.facebook.com/robphylerealestate
Visit my website to
find Minnesota
homes for sale
Tuesday, December 6, 2011
Monday, December 5, 2011
Saint Paul Home Sales: Meeting The Challenge
If you are selling a home in Saint Paul today you will find it can be quite a
challenge, especially with the tough competition from nearby short sales and
foreclosures. Real estate values have been declining in part because of the low
listing prices offered by banks who need to reduce their real estate owned
inventory. About half of the sales in today's market has come from traditional home sellers. Are you in the search for help to
sell your home listing in Saint Paul?
It has never been more important to enlist the help of a St. Paul real estate agent who studies recent trends in Twin Cities market values. When we visit your home to complete a market analysis, we will compare all of the features of your home to the competing homes for sale in your neighborhood. We need to look at all of the properties that have sold within the past few months to see what the actual sales prices have been. By doing this we will be able to estimate what price a buyer might pay for your house within a reasonable period of time.
One of the challenges for many sellers today is in trying to get enough for their house to pay off the current mortgage on their home. If a seller owes more on their mortgages than what the can sell it for we will either need to talk about paying the mortgages down, attempting a short sale on their home, or listing it for rent and in order to move to another home. With the rapidly rising rents in today's market home sellers are often finding that they can cover all of the resulting expenses for the house through their renter's income.
Lenders have specific guidelines for those Saint Paul sellers who have decided rent out their home in order to buy another. Depending on the equity that you have in your home, a mortgage lender may or may not consider the rental income you receive when they qualify you for the new mortgage. The only way to know this is to call a lender to get preapproved.
Once we have a chance to meet to discuss the value of your current home it is important that you go through the process of getting prequalified for a home loan. Your mortgage lender can help you decide which of the options are best whether selling or renting out your current home. The process of mortgage preapproval is is usually free and contains no loan obligation. A good mortgage lender will be able to analyze all of the financing options available to you such as through MN FHA loans, Conventional, VA, or other types of mortgage financing.
As both the capitol of Minnesota and the county seat of Ramsey County living in the city of Saint Paul is filled with things to do. Popular attractions such as the Xcel Energy Center and the Science Museum of Minnesota make St. Paul a popular destination for both its residents as well as those living in surrounding suburbs. Employment opportunities abound in St. Paul with major employers such as Ecolab, Lawson Software, Gander Mountain, and nearby 3M. St. Paul housing can be especially affordable for first time home buyers through the Ramsey County's First Home program. Residents enjoy popular regional events such as the Minnesota State Fair and the St. Paul Winter Carnival. If you thinking of buying or selling a home in St. Paul please send me and email or give me a call as I'd love to help you accomplish your goal.
If you want to learn more about selling your Saint Paul home call me. I will work with you to complete a market analysis of your home for free. We will discuss your options based on today's market. Feel free to send me an email or call me.
Robert Phyle,CSP,GRI,RSA
Broker Associate, Realtor
Coldwell Banker Burnet rlphyle@cbburnet.com
Cell 612-801-4657
Direct 952-997-1955
Fax 952-432-8372
7741 147th St W.
Apple Valley, MN 55124 www.facebook.com/
Visit my website to find Minnesota homes for sale
Benefits of Using A Realtor To Sell Your Saint Paul Home
It has never been more important to enlist the help of a St. Paul real estate agent who studies recent trends in Twin Cities market values. When we visit your home to complete a market analysis, we will compare all of the features of your home to the competing homes for sale in your neighborhood. We need to look at all of the properties that have sold within the past few months to see what the actual sales prices have been. By doing this we will be able to estimate what price a buyer might pay for your house within a reasonable period of time.
One of the challenges for many sellers today is in trying to get enough for their house to pay off the current mortgage on their home. If a seller owes more on their mortgages than what the can sell it for we will either need to talk about paying the mortgages down, attempting a short sale on their home, or listing it for rent and in order to move to another home. With the rapidly rising rents in today's market home sellers are often finding that they can cover all of the resulting expenses for the house through their renter's income.
Lenders have specific guidelines for those Saint Paul sellers who have decided rent out their home in order to buy another. Depending on the equity that you have in your home, a mortgage lender may or may not consider the rental income you receive when they qualify you for the new mortgage. The only way to know this is to call a lender to get preapproved.
Get preapproved right away
Once we have a chance to meet to discuss the value of your current home it is important that you go through the process of getting prequalified for a home loan. Your mortgage lender can help you decide which of the options are best whether selling or renting out your current home. The process of mortgage preapproval is is usually free and contains no loan obligation. A good mortgage lender will be able to analyze all of the financing options available to you such as through MN FHA loans, Conventional, VA, or other types of mortgage financing.
City of St. Paul Information
As both the capitol of Minnesota and the county seat of Ramsey County living in the city of Saint Paul is filled with things to do. Popular attractions such as the Xcel Energy Center and the Science Museum of Minnesota make St. Paul a popular destination for both its residents as well as those living in surrounding suburbs. Employment opportunities abound in St. Paul with major employers such as Ecolab, Lawson Software, Gander Mountain, and nearby 3M. St. Paul housing can be especially affordable for first time home buyers through the Ramsey County's First Home program. Residents enjoy popular regional events such as the Minnesota State Fair and the St. Paul Winter Carnival. If you thinking of buying or selling a home in St. Paul please send me and email or give me a call as I'd love to help you accomplish your goal.
If you want to learn more about selling your Saint Paul home call me. I will work with you to complete a market analysis of your home for free. We will discuss your options based on today's market. Feel free to send me an email or call me.
Robert Phyle,CSP,GRI,RSA
Broker Associate, Realtor
Coldwell Banker Burnet rlphyle@cbburnet.com
Cell 612-801-4657
Direct 952-997-1955
Fax 952-432-8372
7741 147th St W.
Apple Valley, MN 55124 www.facebook.com/
Visit my website to find Minnesota homes for sale
Friday, December 2, 2011
Looking For Saint Paul Rental homes?
Saint Paul Rental homes: Should I Rent One Or Buy?
If you are searching for Saint Paul rental homes, pause for a couple of minutes and consider the difference in renting homes versus buying one. Since it is more expensive today to rent homes than to buy one isn’t it at least worth it to consider saving some money by buying real estate?Saint Paul Rental homes: Is It Worth The Cost of Renting?
Saint Paul rental homes will usually have the advantage that you can get out of a lease arrangement within 12 to 24 months. I want you to remember that this advantage comes at a cost, however, , in that your rent payments will often times exceed those of a house payment. In addition, the security deposit for the rental may actually be more than the entry cost required for buying a Saint Paul homes after considering all of the down payment assistance programs available for first time home buyers. Finally, perhaps the real cost in renting a homes is the fact that you are helping someone else buy their home with your rental payments helping make THEIR house payments.
Benefits To Saint Paul Rental Saint Paul
Still, the advantage may certainly be worth it to rent a homes if you will be moving again to a another city at the end when your lease expires. I tend to think that if you buy a home today you should plan on staying in it for a few years while the market develops.
Benefits To Buying Saint Paul homes
With all of the programs available to the MN first time home buyer today, it is hard to know where to start in terms of benefits. The State of Minnesota now offers special loan programs through its Minnesota Housing Finance Agency to offer reduced interest rates as well as down payment assistance. Additionally many communities today offer additional down payment assistance loans or grants that both reduce what you need for cash to close as well as reducing your monthly payment.
First Step: Get Preapproved
One of the critical first steps in searching for a home is to get preapproved for mortgage financing. Many buyers leave this part to the last minute because it is the least fun part of the entire home buying process. It is very important, especially for the MN first time home buyer to get preapproved for financing before buying a home. Please call or email me and I will help you get started in the process with a Minnesota mortgage banker.
City of St. Paul Information
As both the capitol of Minnesota and the county seat of Ramsey County living in the city of Saint Paul is filled with things to do. Popular attractions such as the Xcel Energy Center, the Science Museum of Minnesota, and Ordway Center for the Performing Arts make St. Paul a popular destination for both its residents as well as those living in surrounding suburbs. Employment opportunities abound in St. Paul with major employers such as Ecolab, Lawson Software, Gander Mountain, and nearby 3M. St. Paul housing can be especially affordable for first time home buyers through the Ramsey County's First Home program. Residents enjoy popular regional events such as the Minnesota State Fair and the Winter Carnival. If you thinking of buying or selling a home in St. Paul please send me and email or give me a call as I'd love to help you accomplish your goal.
If you have not yet thought of buying a homes I would like the opportunity to discuss with you about the benefits of both rental homes in Saint Paul versus buying a home. Please take a moment to email or call me.
Robert Phyle,CSP,GRI,RSA
Broker Associate, Realtor
Coldwell Banker Burnet
rlphyle@cbburnet.com
Cell 612-801-4657
Direct 952-997-1955
Fax 952-432-8372
7741 147th St W.
Apple Valley, MN 55124
www.facebook.com/
Visit my website to find Minnesota homes for sale
Thursday, December 1, 2011
Buying A home in Hastings
Are you wondering about how you go about buying a home in Hastings?
Learning how to buy a home can be confusing for many buyers, especially for the
MN first
time home buyer. Since this process can be rather complicated I wrote this
blog post to offer some basic tips of how best to accomplish your goal.
Most MN home buyers begin their process of buying a home on the web, of
course. There are many internet sites to begin this but a good place to start is
to use the search engine on my website. There are thousands of real estate sites
out there but you will soon find that many lack all of the important details
when searching for a home. National real estate websites do not show the annual
property taxes due for each of the listings which is
one of the biggest factors your lender will need to determine what your monthly
payments will be.
When you begin your search for homes in Hastings on my personal website you will find all of the available listings from all of the real estate companies in the area. Because I am part of the Multiple Listing Service (MLS), my real estate website will offer you complete details on every property from every company. I can also set up a specific MLS search for you so that I can email you when properties in your price range come available.
How will you know what kind of price range you should be searching for? In order for you to know the amount of monthly payments you will have for a home in Hastings you will want to get a preapproval letter for a mortgage loan. Getting through the preapproval process is the critical first step for how to buy a home in Hastings Since there is no cost or obligation when you get prequalified by one of our local MN mortgage lenders, you should do this right away so that you can clear any roadblocks there might be in the process of getting a home loan.
After you have been preapproved by a Minnesota mortgage lender I will take you out to look for homes in your price range. I recommend that we look through at least 15 or 20 of these before you buy one. By doing a thorough search you will know homes that are a great value to buy. When a listing comes available meeting your needs you should be ready to make your offer since properties at a good value sell fast.
Once you’ve made your offer it usually takes about 30 or longer before closing. During this time your lender will collect all of the necessary documentation that they need from you to finish your loan approval. They will almost always order an appraisal on the home you are buying to make sure the price of the home you are buying is in line. They will also order a title policy from a title company to make sure you will get clean title to the home upon purchase.
After your loan has been fully approved you will ready for closing. At loan closing, all of the involved parties get together to sign documentation and to exchange keys, garage door openers, etc. After you have gone through closing on your home you will now be a homeowner!
Looking for a small town feel in a Twin Cities bedroom community? You will want to check out the benefits of living in Hastings, MN. With just a 30 minute commute to downtown St. Paul, Hastings offers its residents both the benefits of a small town as well as big city living. Situated in Dakota county, Minnesota first time home buyers might benefit from the Dakota County first time home buyers program. If you are looking to buy or sell a home in Hastings, please call me.
Are you ready to start the process of looking for homes? Just send me a quick email as I am looking forward to helping you find your dream home!
Robert Phyle,CSP,GRI,RSA
Broker Associate, Realtor
Coldwell Banker Burnet
rlphyle@cbburnet.com
Cell 612-801-4657
Direct 952-997-1955
Fax 952-432-8372
7741 147th St W.
Apple Valley, MN 55124 www.facebook.com/robphylerealestate
Visit my website to find Minnesota homes for sale
How To Buy A home in Hastings
Search for a home in Hastings on my website
When you begin your search for homes in Hastings on my personal website you will find all of the available listings from all of the real estate companies in the area. Because I am part of the Multiple Listing Service (MLS), my real estate website will offer you complete details on every property from every company. I can also set up a specific MLS search for you so that I can email you when properties in your price range come available.
Get Preapproved To Buy A home in Hastings
How will you know what kind of price range you should be searching for? In order for you to know the amount of monthly payments you will have for a home in Hastings you will want to get a preapproval letter for a mortgage loan. Getting through the preapproval process is the critical first step for how to buy a home in Hastings Since there is no cost or obligation when you get prequalified by one of our local MN mortgage lenders, you should do this right away so that you can clear any roadblocks there might be in the process of getting a home loan.
Let's go look at homes!
After you have been preapproved by a Minnesota mortgage lender I will take you out to look for homes in your price range. I recommend that we look through at least 15 or 20 of these before you buy one. By doing a thorough search you will know homes that are a great value to buy. When a listing comes available meeting your needs you should be ready to make your offer since properties at a good value sell fast.
After the purchase agreement, and before closing
Once you’ve made your offer it usually takes about 30 or longer before closing. During this time your lender will collect all of the necessary documentation that they need from you to finish your loan approval. They will almost always order an appraisal on the home you are buying to make sure the price of the home you are buying is in line. They will also order a title policy from a title company to make sure you will get clean title to the home upon purchase.
Closing on your home
After your loan has been fully approved you will ready for closing. At loan closing, all of the involved parties get together to sign documentation and to exchange keys, garage door openers, etc. After you have gone through closing on your home you will now be a homeowner!
Hastings, MN City Info
Looking for a small town feel in a Twin Cities bedroom community? You will want to check out the benefits of living in Hastings, MN. With just a 30 minute commute to downtown St. Paul, Hastings offers its residents both the benefits of a small town as well as big city living. Situated in Dakota county, Minnesota first time home buyers might benefit from the Dakota County first time home buyers program. If you are looking to buy or sell a home in Hastings, please call me.
Are you ready to start the process of looking for homes? Just send me a quick email as I am looking forward to helping you find your dream home!
Robert Phyle,CSP,GRI,RSA
Broker Associate, Realtor
Coldwell Banker Burnet
rlphyle@cbburnet.com
Cell 612-801-4657
Direct 952-997-1955
Fax 952-432-8372
7741 147th St W.
Apple Valley, MN 55124 www.facebook.com/robphylerealestate
Visit my website to find Minnesota homes for sale
Wednesday, November 30, 2011
How To Buy Prior Lake Foreclosures
How To Buy Prior Lake Foreclosures?
So you want to buy one of the foreclosures in Prior Lake? Whether you own house currently or are a Minnesota first time home buyer, you will want to learn the basics before going out to buy. While there are plenty of great values in Prior Lake foreclosures you will want to be prepared for how to negotiate your purchase transaction.
Info about Prior Lake
Known as the sister city of Shakopee, Prior Lake is located about 20 miles southwest of downtown Minneapolis. With plenty of affordable housing for MN first time home buyers and move up buyers alike, the city has doubled in size over the past 20 years. The combination of Upper and Lower Prior Lakes make up the largest lake in the lower Twin Cities area. With 54 city parks and a well established Park and Rec, it seems like there is always something to do in Prior Lake. If you are looking to buy or sell a home here, please give me a call.
Foreclosures are Bank-Owned
A bank-owned foreclosure can be a great deal sometimes because the bank owns it and is paying for the maintenance of it. As opposed to a property offered as a short sale, the selling bank has a distinct motivation to get the home off of their books. At the same time, banks who are involved in selling a foreclosure want to get the highest value they can out of the property. In the lower price ranges it has turned into a sellers market meaning that many foreclosures sell for well above the listing price! Knowing what to offer for the foreclosure is critical in terms of being successful with your purchase.
Things to Consider in Buying Foreclosures
There are two big factors to consider when determining how much to offer. The first factor is to consider how long the property has been on the market and the second thing is the general property condition. A foreclosure that has just been listed is likely to sell for near the listing price (or even higher), while a bank that has a house that has been on the market a long time might be willing to negotiate for deeper discounts. Also, a listing that is in poor overall condition may not be able to be financed so the bank may reduce the price far enough to attract cash buyers. I can help you determine these factors as we search for foreclosures.
Foreclosures and Financing
If you are planning on financing the purchase of a foreclosure there are some important things to know as well. First, the listing must be in acceptable condition to the lender n order to qualify for most mortgage loans. Properties in generally poor condition will either require a cash offer or special mortgage financing such as the FHA 203k program. Selling banks will also tend to limit the amount seller paid concessions towards the closing costs of your home loan. In most cases today the selling bank will limit their contribution to three per cent of the selling price. Additionally, a selling bank will never look at your offer if it includes a financing contingency for the sale of a home and if you don't provide a preapproval letter along with the offer.
Get Preapproved Today
The first step in the home buying process is to get prequalified for financing. This simply means that you talk with a local lender who will review your credit, income, etc. In the prequalification application they can tell you what types of Minnesota first time buyer programs you might be qualified for. This important first step can be done right over the phone and most lenders will even do this with you when you are off from work.
Ready to Find A Foreclosed Home?
If you are thinking of buying a foreclosure please give me a call or send me an email. There are many great Prior Lake foreclosure values out there but knowing which one to buy will take some time and expertise. I would very much like to help you in your search for the ideal house!
Robert Phyle,CSP,GRI,RSA
Broker Associate, Realtor
Coldwell Banker Burnet
rlphyle@cbburnet.com
Cell 612-801-4657
Direct 952-997-1955
Fax 952-432-8372
7741 147th St W.
Apple Valley, MN 55124
www.facebook.com/robphylerealestate
Visit my website to find Minnesota homes for sale
Tuesday, November 29, 2011
Chanhassen homes For Sale: Best Ways To Search
There are a few different ways to search for homes for sale in Chanhassen
that I would like to tell you about. As most home buyers begin their search for
their dream home on the web, I find that many miss out on all of the possible
opportunities to search for and find the right home. I would like to talk with
you about the pros and cons to each of these various methods for finding homes
for sale in Chanhassen.
One of the best ways to begin is to go to my website to search for and find all of the homes for sale that are listed all of the local real estate brokers, with all of the available information. The large national websites leave out much of the critical details such as property taxes on the home due to the sheer size of their websites. The problem is that when buying a home factors such as property taxes on the homeare one of the single biggest factors in determining the amount of your monthly payments so why would anyone want to look for Chanhassen homes on websites that are missing such an important detail? Please got to my website and start searching for Chanhassen homes listed on the market today.
If you are currently searching for a Chanhassen homes, send me an email and tell me the specifics of the type of property you want. I can create advanced searches that will tell you not only what is available on the market via email, but also what has just become available. You will be instantly notified with new listings that meet your search critieria when they become available on the market. Because I need to know the critieria of what you are searching for (for example: 2 bedroom homes in Chanhassen between $165,000 and $215,000), please email me so we can begin the email search process.
A little education goes a long ways, doesn’t it? If you can get exactly what you need via email such as my customized search why would a home shopper need anything else? The Guesswork and Luck strategy involves searching for properties the large national websites which don't contain all the property details. Without a customized approach to finding the house that you want, I find that too many Minnesota home buyers rely on the strategy of Guesswork and Luck.
Chanhassen is a beautiful outer ring suburb located just southwest of Minneapolis. Both Life Time Fitness and Snap Fitness are headquartered here providing employment to those who are not making the 20-30 minute commute to downtown Minneapolis. The population of Chanhassen, MN has doubled over the last 20 years according to the 2010 census. Voted the tenth best place to live by Money magazine in 2011, Chanhassen is popular both for Minnesota first time home buyers and move up buyers alike. If you are planning on buying or selling a home in Chanhassen please give me a call.
For many Minnesota first time home buyers the intimidating question is where do I start? Your very first step towards buying your first home is to get preapproved for a first time buyer's mortgage. By doing so you find out how much of a loan you are qualified for so that we can search for homes in the right price range.
Please invest the time to properly understand the strategy you are using to search for possibly the largest investment that you will ever make. I highly encourage home buyers to be proactive and to take control of the property search strategy! Please take a moment to visit my website and find all of the available Chanhassen listings.
Robert Phyle,CSP,GRI,RSA
Broker Associate, Realtor
Coldwell Banker Burnet
rlphyle@cbburnet.com
Cell 612-801-4657
Direct 952-997-1955
Fax 952-432-8372
7741 147th St W.
Apple Valley, MN 55124
www.facebook.com/robphylerealestate
Visit my website to find Minnesota homes for sale
Finding Chanhassen homes For Sale On The Web
One of the best ways to begin is to go to my website to search for and find all of the homes for sale that are listed all of the local real estate brokers, with all of the available information. The large national websites leave out much of the critical details such as property taxes on the home due to the sheer size of their websites. The problem is that when buying a home factors such as property taxes on the homeare one of the single biggest factors in determining the amount of your monthly payments so why would anyone want to look for Chanhassen homes on websites that are missing such an important detail? Please got to my website and start searching for Chanhassen homes listed on the market today.
Search for Chanhassen homes Via Email
If you are currently searching for a Chanhassen homes, send me an email and tell me the specifics of the type of property you want. I can create advanced searches that will tell you not only what is available on the market via email, but also what has just become available. You will be instantly notified with new listings that meet your search critieria when they become available on the market. Because I need to know the critieria of what you are searching for (for example: 2 bedroom homes in Chanhassen between $165,000 and $215,000), please email me so we can begin the email search process.
A little education goes a long ways, doesn’t it? If you can get exactly what you need via email such as my customized search why would a home shopper need anything else? The Guesswork and Luck strategy involves searching for properties the large national websites which don't contain all the property details. Without a customized approach to finding the house that you want, I find that too many Minnesota home buyers rely on the strategy of Guesswork and Luck.
City of Chanhassen
Chanhassen is a beautiful outer ring suburb located just southwest of Minneapolis. Both Life Time Fitness and Snap Fitness are headquartered here providing employment to those who are not making the 20-30 minute commute to downtown Minneapolis. The population of Chanhassen, MN has doubled over the last 20 years according to the 2010 census. Voted the tenth best place to live by Money magazine in 2011, Chanhassen is popular both for Minnesota first time home buyers and move up buyers alike. If you are planning on buying or selling a home in Chanhassen please give me a call.
MN First Time Buyers First Step
For many Minnesota first time home buyers the intimidating question is where do I start? Your very first step towards buying your first home is to get preapproved for a first time buyer's mortgage. By doing so you find out how much of a loan you are qualified for so that we can search for homes in the right price range.
Please invest the time to properly understand the strategy you are using to search for possibly the largest investment that you will ever make. I highly encourage home buyers to be proactive and to take control of the property search strategy! Please take a moment to visit my website and find all of the available Chanhassen listings.
Robert Phyle,CSP,GRI,RSA
Broker Associate, Realtor
Coldwell Banker Burnet
rlphyle@cbburnet.com
Cell 612-801-4657
Direct 952-997-1955
Fax 952-432-8372
7741 147th St W.
Apple Valley, MN 55124
www.facebook.com/robphylerealestate
Visit my website to find Minnesota homes for sale
Saturday, November 12, 2011
Burnsville Home Sellers: Should You Rent It Out or Sell It?
Many Burnsville home sellers are faced with the problem of being "upside-down"
on their mortgages. The fact is that in order to sell your home in the
market today you need to pay off your mortgage in order to convey clean title to
your buyer. Unless you want to arrange a "short sale" with your mortgage lender,
this means you may bring money to the closing table to pay off the remaining
balance owed. Many home sellers who need to move now are considering the
possibility of renting out their current home in order to buy a new one.
Rising Rents in Burnsville
The good news today is that with the tougher housing market, the amount you can get for rent has increased significantly. Renters find that they are competing with each other to rent out a Burnsville home as their is a shortage of quality rentals available today. Many people are finding that they can more than cover the expenses for owning the home with the increased amount of rents.
The goal, of course, is to rent out the current home long enough to allow the real estate market to recover in terms of values. Hopefully within a few years the value of your rental home will rise sufficiently to sell it for enough to pay off the mortgage. The key to accomplishing this is to see if you will qualify for a new mortgage if you have rented out your current home.
Do lenders count the rental income on my old house?
Lenders have specific guidelines for those Burnsville sellers who have decided rent out their home in order to buy another. Depending on the equity that you have in your home, a mortgage lender may or may not consider the rental income you receive when they qualify you for the new mortgage. The only way to know this is to call a lender to get preapproved.
Getting preapproved for a mortgage
Once we meet to discuss the value of your old home it is critical that you go through the process of getting prequalified for a home loan. Your MN mortgage lender can help you discover whether you should rent out or sell your current house. The process of getting preapproved is free, and if you decide not to proceed, there is no obligation to borrow money. A good mortgage lender will be able to analyze all of the financing options available to you such as through MN FHA loans, Conventional, VA, or other types of mortgage financing.
As the sixth largest city in the Twin Cities metropolitan area, Burnsville is a popular bedroom community to both St. Paul, Minneapolis, and neighboring suburbs. While experiencing an explosion in population from 1970 through 2000 to over 60,000 residents, Burnsville is now fairly well built-out and its total population has stabilized over the past ten years according the 2010 census. Larger employers in the community include Independent School District 191, Fairview Ridges Hospital, as well as Pepsi Cola but most homeowners work in the Twin Cities. Burnsville has plenty of homes for sale both for the Minnesota first time home buyer as well as the move up buyer.
If you want to talk about renting out your current home, please take a moment to call or email me for more information.
Robert Phyle,CSP,GRI,RSA
Broker Associate, Realtor
Coldwell Banker Burnet
rlphyle@cbburnet.com
Cell 612-801-4657
Direct 952-997-1955
Fax 952-432-8372
7741 147th St W.
Apple Valley, MN 55124 www.facebook.com/robphylerealestate
Visit my website to find Minnesota homes for sale
Rising Rents in Burnsville
The good news today is that with the tougher housing market, the amount you can get for rent has increased significantly. Renters find that they are competing with each other to rent out a Burnsville home as their is a shortage of quality rentals available today. Many people are finding that they can more than cover the expenses for owning the home with the increased amount of rents.
The goal, of course, is to rent out the current home long enough to allow the real estate market to recover in terms of values. Hopefully within a few years the value of your rental home will rise sufficiently to sell it for enough to pay off the mortgage. The key to accomplishing this is to see if you will qualify for a new mortgage if you have rented out your current home.
Do lenders count the rental income on my old house?
Lenders have specific guidelines for those Burnsville sellers who have decided rent out their home in order to buy another. Depending on the equity that you have in your home, a mortgage lender may or may not consider the rental income you receive when they qualify you for the new mortgage. The only way to know this is to call a lender to get preapproved.
Getting preapproved for a mortgage
Once we meet to discuss the value of your old home it is critical that you go through the process of getting prequalified for a home loan. Your MN mortgage lender can help you discover whether you should rent out or sell your current house. The process of getting preapproved is free, and if you decide not to proceed, there is no obligation to borrow money. A good mortgage lender will be able to analyze all of the financing options available to you such as through MN FHA loans, Conventional, VA, or other types of mortgage financing.
As the sixth largest city in the Twin Cities metropolitan area, Burnsville is a popular bedroom community to both St. Paul, Minneapolis, and neighboring suburbs. While experiencing an explosion in population from 1970 through 2000 to over 60,000 residents, Burnsville is now fairly well built-out and its total population has stabilized over the past ten years according the 2010 census. Larger employers in the community include Independent School District 191, Fairview Ridges Hospital, as well as Pepsi Cola but most homeowners work in the Twin Cities. Burnsville has plenty of homes for sale both for the Minnesota first time home buyer as well as the move up buyer.
If you want to talk about renting out your current home, please take a moment to call or email me for more information.
Robert Phyle,CSP,GRI,RSA
Broker Associate, Realtor
Coldwell Banker Burnet
rlphyle@cbburnet.com
Cell 612-801-4657
Direct 952-997-1955
Fax 952-432-8372
7741 147th St W.
Apple Valley, MN 55124 www.facebook.com/robphylerealestate
Visit my website to find Minnesota homes for sale
Thursday, November 10, 2011
Buying Dakota County Foreclosures
Want To Buy A Dakota County Foreclosure?
Dakota County Info
Dakota County, located in the southeastern portion of the Twin Cities area, is the third largest county in MN. The larger cities of the county include Burnsville, Apple Valley, Eagan, and Lakeville. The county seat for Dakota County is in Hastings,MN. As one of the fastest growing markets in the Twin Cities area, the population has more than doubled since the 1980 census. Minnesota first time home buyers benefit from affordable home prices in the area as well as the Dakota County First Time Buyers Program.
Foreclosures are Bank-Owned
A Dakota County foreclosure can be a great value because as an REO (real-estate-owned), the bank is responsible for paying all the maintenance costs. As opposed to a property offered as a short sale, the selling bank has a big motivation to get the listing off of their books. Since there are many buyers in competition with you, you might be surprised at what you will need to offer in order to get the property. In the lower price ranges it has turned into a sellers market meaning that many foreclosures sell for well above the listing price! Knowing what to offer for the foreclosure is critical in terms of being successful with your purchase.
Factors in Buying Foreclosures
There are 2 major factors to consider what you will want to make as an offer to purchase. The first factor is to consider how long the property has been on the market and the second is the general property condition. A foreclosure listing that has just been listed for sale is apt to sell for near the listing price, while a bank that has a home that has been on the market a long time may be willing to negotiate for deep discounts. Also, a listing that is in poor overall condition may not be able to be financed with traditional mortgage financing so the bank may have to reduce the price far enough to attract cash buyers. I can help you work through these factors as we search for Dakota County foreclosures.
Financing and Foreclosures
If you are planning on financing the purchase of a foreclosure there are some critcal things to know. First, the house itself must be in acceptable condition to the lender n order to qualify for most mortgage loans. Properties that are in poor condition will either require a cash offer or special financing such as FHA 203k. Selling banks will also tend to limit the amount seller paid concessions towards the closing costs of your home loan. In most cases the selling bank will limit their contribution to 3 per cent of the selling price, or 2 per cent if you are an investor. Additionally, a selling bank will never look at your offer if it includes a financing contingency for the sale of a home and never if you do not provide a letter of financing preapproval along with your offer.
Get Pre-qualified
The first step in the home buying process is to get prequalified for financing. This simply means that you talk with a local lender who will review your credit, income, etc. In this discussion they can tell you what types of MN first time buyer programs you might be qualified for. This first step can usually be done right over the telephone and most lenders will even do this with you when you are off from work.
Ready to Find A Foreclosed Home?
If you are planning on buying a Dakota County foreclosure please send me an email or give me a call. There are many great foreclosure values out there but knowing which one takes some time and expertise. I would very much like to help you in your search for the ideal house!
Robert Phyle,CSP,GRI,RSA
Broker Associate, Realtor
Coldwell Banker Burnet
rlphyle@cbburnet.com
Cell 612-801-4657
Direct 952-997-1955
Fax 952-432-8372
7741 147th St W.
Apple Valley, MN 55124
www.facebook.com/robphylerealestate
Visit my website to find Minnesota homes for sale
Monday, November 7, 2011
Ready To Buy A home in South St. Paul?
Do you want to learn about how you go about buying a home in South St.
Paul? Learning how to buy a home can be confusing for many buyers,
especially for the MN first time home buyer. As
this process can be quite complext I would like to take a moment to share with
you some simple tips of how to help you accomplish your goal.
How To Buy A home in South St. Paul
Most MN home buyers begin their process of buying a home on the web, of course. There are many internet sites to begin this but a good location for you to start is to use the MLS search engine on my website. There are thousands of websites out there but you will soon find that many of them lack some of the important details you need when finding a home. The large national websites, for example, do not show the county property taxes for each home which is one of the most critical factors when estimating what your monthly payments will be.
Search for a home in South St. Paul on my website
When you start for your search for homes in South St. Paul on my website you will find all of the property listings from all of the real estate companies. Through the use of the Multiple Listing Service (MLS), my property website will offer you complete details from every company. One of the other things I can do is to set up an advanced search for you so that I can email listings in your price range as they come available.
Get Preapproved To Buy A home in South St. Paul
How will you know what price range you should be hunting for? In order for you to know the amount of monthly payments you will have for a home in South St. Paul you will need to get preapproved for mortgage financing. Getting through the preapproval process is the critical first step for how to purchase a home in South St. Paul Since there is no cost or obligation when you get prequalified by one of our local MN mortgage lenders, you should do this right away so that you can clear any roadblocks there might be in the process of getting a home loan.
Let's go look at homes!
After you have been preapproved by one of our trusted local mortgage lenders I will take you to available listings in your price range. I recommend that we look through at least 15 or 20 of these before you make your offer to buy one. By searching extensively you will get educated on homes that are a excellent value for you to buy. When a home comes available meeting your needs you will want to be ready to make your offer since properties at a good value sell fast.
After the purchase agreement, and before closing
Once you have decided to make your offer it usually takes about 30 or longer before you go to your loan closing to finalize the purchase of your home. During this time your lender will collect all of the necessary documentation they require from you to complete your loan commitment. They will almost always order an appraisal on the home you are buying to make sure the price of the home you are buying is in line. They will also order a title policy from a title company to make sure the title to your new home is clean.
Closing on your home
After your loan has been fully approved you will be ready to close on the purchase of your new home. At the loan closing everyone gets together to sign documentation, exchange funds, as well as to exchange house keys, etc. Once you’ve closed on your home you are ready to move in!
South Saint Paul: Community Information
Just a little bit south of Saint Paul you will find a city with 20,000 residents called South Saint Paul. Steeped in Minnesota history, South St. Paul is one of the original meat packing districts in the U.S. Because South Saint Paul is located in Dakota County first time buyers can may well benefit from the Dakota County first time home buyer program. With a good Park and Rec program available in South Saint Paul it seems there's always something to do! Due to an ample supply of affordable housing now available this is an ideal location for the MN first time home buyer. Are you ready to search for homes in South Saint Paul? Please take a moment to give me a call or send me an email!
Are you ready to start the process of searching for homes? Just give me a call or send me an email and I am looking forward to helping you find your dream home!
Robert Phyle,CSP,GRI,RSA
Broker Associate, Realtor
Coldwell Banker Burnet rlphyle@cbburnet.com
Cell 612-801-4657
Direct 952-997-1955
Fax 952-432-8372
7741 147th St W.
Apple Valley, MN 55124 www.facebook.com/
Visit my website to find Minnesota homes for sale
How To Buy A home in South St. Paul
Most MN home buyers begin their process of buying a home on the web, of course. There are many internet sites to begin this but a good location for you to start is to use the MLS search engine on my website. There are thousands of websites out there but you will soon find that many of them lack some of the important details you need when finding a home. The large national websites, for example, do not show the county property taxes for each home which is one of the most critical factors when estimating what your monthly payments will be.
Search for a home in South St. Paul on my website
When you start for your search for homes in South St. Paul on my website you will find all of the property listings from all of the real estate companies. Through the use of the Multiple Listing Service (MLS), my property website will offer you complete details from every company. One of the other things I can do is to set up an advanced search for you so that I can email listings in your price range as they come available.
Get Preapproved To Buy A home in South St. Paul
How will you know what price range you should be hunting for? In order for you to know the amount of monthly payments you will have for a home in South St. Paul you will need to get preapproved for mortgage financing. Getting through the preapproval process is the critical first step for how to purchase a home in South St. Paul Since there is no cost or obligation when you get prequalified by one of our local MN mortgage lenders, you should do this right away so that you can clear any roadblocks there might be in the process of getting a home loan.
Let's go look at homes!
After you have been preapproved by one of our trusted local mortgage lenders I will take you to available listings in your price range. I recommend that we look through at least 15 or 20 of these before you make your offer to buy one. By searching extensively you will get educated on homes that are a excellent value for you to buy. When a home comes available meeting your needs you will want to be ready to make your offer since properties at a good value sell fast.
After the purchase agreement, and before closing
Once you have decided to make your offer it usually takes about 30 or longer before you go to your loan closing to finalize the purchase of your home. During this time your lender will collect all of the necessary documentation they require from you to complete your loan commitment. They will almost always order an appraisal on the home you are buying to make sure the price of the home you are buying is in line. They will also order a title policy from a title company to make sure the title to your new home is clean.
Closing on your home
After your loan has been fully approved you will be ready to close on the purchase of your new home. At the loan closing everyone gets together to sign documentation, exchange funds, as well as to exchange house keys, etc. Once you’ve closed on your home you are ready to move in!
South Saint Paul: Community Information
Just a little bit south of Saint Paul you will find a city with 20,000 residents called South Saint Paul. Steeped in Minnesota history, South St. Paul is one of the original meat packing districts in the U.S. Because South Saint Paul is located in Dakota County first time buyers can may well benefit from the Dakota County first time home buyer program. With a good Park and Rec program available in South Saint Paul it seems there's always something to do! Due to an ample supply of affordable housing now available this is an ideal location for the MN first time home buyer. Are you ready to search for homes in South Saint Paul? Please take a moment to give me a call or send me an email!
Are you ready to start the process of searching for homes? Just give me a call or send me an email and I am looking forward to helping you find your dream home!
Robert Phyle,CSP,GRI,RSA
Broker Associate, Realtor
Coldwell Banker Burnet rlphyle@cbburnet.com
Cell 612-801-4657
Direct 952-997-1955
Fax 952-432-8372
7741 147th St W.
Apple Valley, MN 55124 www.facebook.com/
Visit my website to find Minnesota homes for sale
Thursday, October 27, 2011
The Hunt For West St. Paul homes For Sale
Finding homes in West St. Paul
There are a few different ways to find homes for sale in West St. Paul that I would like to tell you about. Since most Minnesota home buyers start their search for homes on the internet these days, I am finding that far too many miss out on all of the possible opportunities to search for the right home. In this post I’ll share with you the benefits and challenges to each of the methods for finding homes for sale in West St. Paul.Finding West St. Paul homes For Sale On The Web
One of the first places to start is to go to my website to search for all of the available homes from all of the local brokers, with all of the details available. Large national websites leave out much of the important details such as property taxes due to the size of their websites. The issue is that when buying a homes in West St. Paul the property taxes are one of the largest factors which impact your monthly mortgage payments so why would you want to search for West St. Paul homes without such an important detail? Please got to my website and start searching for West St. Paul homes listed on the market today.
Search for West St. Paul homes Via Email
If you're serious searching for a West St. Paul homes, send me an email and tell me the specifics of the type of property you want. I can create advanced searches that will tell you not only what is available on the market via email, but also what has just become available. You will be instantly notified via email with new property listings that meet your advanced search critieria whenever they become available. Since I need to know the paramaters (such as 3 bedroom homes in West St. Paul between $150,000 and $200,000), please send me a brief email so we can begin the process of finding you a home!
A bit of education can go a long way, doesn’t it? If you can get exactly what you need via email such as my customized search why would you need anything else? The Guesswork and Luck strategy involves searching for properties the large national websites which don't contain all the property details. Without utilizing a customized search to finding the listings that you want, I find that far too many home buyers rely on the strategy of Guesswork and Luck offered by the large national websites.
The city of West Saint Paul is located just south of the state capitol of Minnesota, Saint Paul. The city name is actually derived from the fact that it is on the west bank of the Mississippi River. As a fully developed inner ring suburb of St. Paul, the population of West St. Paul has remained stable at about 19,500 over the past 20 years. Located in Dakota County, Minnesota first time home buyers can benefit from the Dakota County First Time Hom Buyer's Program. If you're interested in buying or selling a home in West Saint Paul please don't hesitate to give me a call.
First Step: Get Preapproved For Mortgage Financing
One of the most important factors in buying a home these days is to get preapproved for a loan. Some buyers leave this detail it to the very last minute Most buyers leave it to the last minute But it’s very important, especially for the MN first time home buyer to get preapproved for financing before buying a home. Please email me and I will help you with getting started in the process with a Minnesota mortgage banker.
Looking For West St. Paul homes?
Please invest the time to properly understand the strategy you are using to search for possibly the largest investment that you will ever make. I encourage you to be proactive and to take control of the property search strategy! Please take a moment to visit my website and find all of the available West St. Paul.
Robert Phyle,CSP,GRI,RSA
Broker Associate, Realtor
Coldwell Banker Burnet
rlphyle@cbburnet.com
Cell 612-801-4657
Direct 952-997-1955
Fax 952-432-8372
7741 147th St W.
Apple Valley, MN 55124
www.facebook.com/robphylerealestate
Visit my website to find Minnesota homes for sale
Monday, October 24, 2011
West St. Paul Rental homes: Is It Better To Buy or Rent?
West St. Paul Rental homes: Advantages of Buying vs. Renting
If you are in the hunt for West St. Paul rental homes, hold on for a moment and consider the differences between renting homes versus owning. Since it is more expensive today to rent homes than to buy one isn’t it at least worth it to consider saving some money by buying a home?West St. Paul Rental homes: Is It Worth The Cost?
West St. Paul rental homes, of course, usually have the advantage that you can get out of a lease arrangement within 12 to 24 months. I want you to remember that this advantage comes at a cost, however, , in that your rental payments will often exceed those of a house payment. Additionally the security deposit may well be in excess of the necessary down payment cost required for buying a West St. Paul homes after considering all of the down payment assistance programs available for first time home buyers. Finally, perhaps the highest cost in renting a homes is the fact that you are helping someone else buy their home with your rent payments, versus buying your own home.
Benefits To West St. Paul Rental West St. Paul
Still, the advantages of renting may be worth it to rent if you will be moving again to a another city at the end when your lease expires. I tend to think that if you buy a home today you should plan on staying in it for a few years while the market develops.
Benefits To Buying West St. Paul homes
With all of the programs available to the MN first time home buyer today, it is hard to know where to start in terms of listing the benefits. The State of Minnesota now offers special loan programs through its Minnesota Housing Finance Agency to offer reduced interest rates as well as down payment assistance. Additionally many communities today offer additional down payment assistance loans or grants that both reduce what you need for cash to close as well as reducing your monthly payment.
First Step: Get Preapproved
The first step in the home buying process s to get preapproved for your home loan. This means that you meet with a local mortgage lender who will review your financial situation. In the prequalification application they can tell you what types of MN first time buyer programs you might be qualified for. This first step can usually be done right over the telephone and most lenders will arrange to talk with you when you're off work, even in the evenings or weekends.
West Saint Paul Community Info
The city of West Saint Paul is located just south of the state capitol of Minnesota, Saint Paul. The city name is actually derived from the fact that it is on the west bank of the Mississippi River. As a fully developed inner ring suburb of St. Paul, the population of West St. Paul has remained stable at about 19,500 over the past 20 years. Located in Dakota County, Minnesota first time home buyers can benefit from the Dakota County First Time Hom Buyer's Program. If you're interested in buying or selling a home in West Saint Paul please don't hesitate to give me a call.
If you have not yet considered buying a homes I would like the opportunity to talk with you about the benefits of both renting versus buying. Please take the first step which is to call or email me.
Robert Phyle,CSP,GRI,RSA
Broker Associate, Realtor
Coldwell Banker Burnet
rlphyle@cbburnet.com
Cell 612-801-4657
Direct 952-997-1955
Fax 952-432-8372
7741 147th St W.
Apple Valley, MN 55124
www.facebook.com/robphylerealestate
Visit my website to find Minnesota homes for sale
Tuesday, October 18, 2011
How To Rent Out Your Inver Grove Heights Home
Many Inver Grove Heights home sellers are challenged with the unfortunate
problem of owing more on their home than what they can sell it for. The fact is
that in order to sell your home in this market you
need to be able to pay off your entire mortgage loan in order to sell it. Unless
you want to arrange a "short sale" with your mortgage lender, this means you
will have to bring money to the closing table to pay off the remaining mortgage
owed. As a result many home sellers in Inver Grove Heights who want to move are
considering the possibility of renting out their current home in order to buy a
new one.
Rental Income
Lenders have guidelines for the Inver Grove Heights sellers who will rent out their home to buy another. Depending on the equity that you have in your home, a mortgage lender may or may not consider the rental income you receive when they qualify you for the new mortgage. The only way to know this is to call a lender to get preapproved.
Once we meet to discuss the value of your old home it is critical that you go through the process of getting preapproved for mortgage financing on another home. Your mortgage broker can help you decide whether you should rent out or sell your current house. The process of getting preapproved is generally free and contains no loan obligation. A good lender will be able to examine all of the options available to you such as MN FHA loans, Conventional, VA, or other types of mortgage loans.
If you are looking for a home with a short commute to downtown St. Paul, take a moment to consider finding it in Inver Grove Heights, MN. Conveniently located in the northern section of Dakota County, Inver Grove Heights is just a short commute to downtown St. Paul. The school system in Inver Grove Heights include Simley High School, Inver Grove Heights Middle School, Salem Elementary, Pine Bend Elementary, and Hilltop Elementary. MN first time home buyers may find Inver Grove Heights particularly affordable if they qualify for the Dakota County First Time Buyers program. No matter what type of home you want the community of Inver Grove Heights has a great deal to offer you.
If you would like to discuss the reality of renting out your current home, please email me for more information.
Robert Phyle,CSP,GRI,RSA
Broker Associate, Realtor
Coldwell Banker Burnet
rlphyle@cbburnet.com
Cell 612-801-4657
Direct 952-997-1955
Fax 952-432-8372
7741 147th St W.
Apple Valley, MN 55124
www.facebook.com/
Visit my website to find Minnesota homes for sale
Inver Grove Heights Home Sellers: Is Renting A Good Option?
The good news today is that with the tougher mortgage market, rents have gone up significantly. Renters find that they are competing with each other to rent out a Inver Grove Heights home as their is a shortage of quality home rentals available today. Many home sellers in this position are finding that they can more than cover the expenses for owning the home with the increased amount of rents. The goal, of course, is to rent the old home out long enough to allow the real estate market to recover in terms of values. Hopefully within a few years the value of your rental home will rise sufficiently to sell it for enough to pay off the mortgage. The key to accomplishing this is to see if you will qualify for a new mortgage if you have rented out your current home.
Rental Income
Lenders have guidelines for the Inver Grove Heights sellers who will rent out their home to buy another. Depending on the equity that you have in your home, a mortgage lender may or may not consider the rental income you receive when they qualify you for the new mortgage. The only way to know this is to call a lender to get preapproved.
Once we meet to discuss the value of your old home it is critical that you go through the process of getting preapproved for mortgage financing on another home. Your mortgage broker can help you decide whether you should rent out or sell your current house. The process of getting preapproved is generally free and contains no loan obligation. A good lender will be able to examine all of the options available to you such as MN FHA loans, Conventional, VA, or other types of mortgage loans.
Inver Grove Heights Community Info
If you are looking for a home with a short commute to downtown St. Paul, take a moment to consider finding it in Inver Grove Heights, MN. Conveniently located in the northern section of Dakota County, Inver Grove Heights is just a short commute to downtown St. Paul. The school system in Inver Grove Heights include Simley High School, Inver Grove Heights Middle School, Salem Elementary, Pine Bend Elementary, and Hilltop Elementary. MN first time home buyers may find Inver Grove Heights particularly affordable if they qualify for the Dakota County First Time Buyers program. No matter what type of home you want the community of Inver Grove Heights has a great deal to offer you.
If you would like to discuss the reality of renting out your current home, please email me for more information.
Robert Phyle,CSP,GRI,RSA
Broker Associate, Realtor
Coldwell Banker Burnet
rlphyle@cbburnet.com
Cell 612-801-4657
Direct 952-997-1955
Fax 952-432-8372
7741 147th St W.
Apple Valley, MN 55124
www.facebook.com/
Visit my website to find Minnesota homes for sale
Thursday, October 13, 2011
Selling Your Eden Prairie Home Today
If you are selling a home in Eden Prairie today you will find it can be quite a
challenge, especially considering that nearly half of the competitive listings
are short sales or foreclosures. Home values have been coming down in part
because of the low listing prices offered by banks who need to reduce their real
estate owned inventory. About half of the sales in today's market has come from traditional home sellers. Are you in the
search for help to sell your home listing in Eden Prairie?
The challenge for many sellers today is trying to get enough for their home to pay off the existing mortgages on their home. If a property seller owes more on their home loans than what we can sell it for we will either need to discuss paying down the mortgage, going through the process of a short sale, or listing the current house for rent and in order to move to another one. With the quickly rising rents in today's market, sellers are quite often finding that they can cover all of the resulting expenses for the house through their renter's income.
Lenders have guidelines for the Eden Prairie sellers who will rent out their home to buy another. Depending on the equity that you have in your home, a mortgage lender may or may not consider the rental income you receive when they qualify you for the new mortgage. The only way to know this is to call a lender to get preapproved.
Get preapproved before listing your home for sale
Once we meet to discuss the value of your old home it is critical that you go through the process of getting prequalified for a home loan. Your mortgage lender can help you decide which of the options are best whether selling or renting out your current home. The process of preapproval is generally free and contains no loan obligation. A good mortgage banker will be able to analyze all of the options available to you such as MN FHA loans, Conventional, VA, or other types of mortgage loans.
Robert Phyle,CSP,GRI,RSA
Broker Associate, Realtor
Coldwell Banker Burnet
rlphyle@cbburnet.com
Cell 612-801-4657
Direct 952-997-1955
Fax 952-432-8372
7741 147th St W.
Apple Valley, MN 55124
www.facebook.com/robphylerealestate
Visit my website to find Minnesota homes for sale
Benefits of Using A Realtor To Sell Your Eden Prairie Home
Perhaps it has never been more important to use a Eden Prairie real estate agent who understands the recent trends in Eden Prairie market values. When we come out and visit your property to complete a Competitive Market Analysis (CMA), we will compare all of the features and benefits of your property to the competing homes for sale in the area. We need to look at all of the houses that have sold within recent months to analyze what the actual sales prices have been. In so doing we can estimate what type of price a home buyer might pay for your home listing within a reasonable period of time on the market.The challenge for many sellers today is trying to get enough for their home to pay off the existing mortgages on their home. If a property seller owes more on their home loans than what we can sell it for we will either need to discuss paying down the mortgage, going through the process of a short sale, or listing the current house for rent and in order to move to another one. With the quickly rising rents in today's market, sellers are quite often finding that they can cover all of the resulting expenses for the house through their renter's income.
Lenders have guidelines for the Eden Prairie sellers who will rent out their home to buy another. Depending on the equity that you have in your home, a mortgage lender may or may not consider the rental income you receive when they qualify you for the new mortgage. The only way to know this is to call a lender to get preapproved.
Get preapproved before listing your home for sale
Once we meet to discuss the value of your old home it is critical that you go through the process of getting prequalified for a home loan. Your mortgage lender can help you decide which of the options are best whether selling or renting out your current home. The process of preapproval is generally free and contains no loan obligation. A good mortgage banker will be able to analyze all of the options available to you such as MN FHA loans, Conventional, VA, or other types of mortgage loans.
Eden Prairie City Info
Located just twelve miles southwest of Minneapolis, Eden Prairie is a popular commuter city to the Twin Cities. Growing now to over 60,000 residents, the city has more than tripled in size over the last 30 years. In addition to Minneapolis employment, Eden Prairie has businesses such as Digital River and CH Robinson which are headquartered here. Eden Prairie has been listed in Money Magazines "Best Places to Live" in America over the past 5 years. With historical low interest rates and plenty of affordable housing, this is a popular place for MN first time homebuyers and move up buyers alike. If you are considering buying a home in Eden Prairie please give me a call.Are You Ready To Talk?
If you want to learn more about selling your Eden Prairie home call me. I will work with you to complete a market analysis of your home for free. We will discuss your options available in the market today. Feel free to send me an email or call me.Robert Phyle,CSP,GRI,RSA
Broker Associate, Realtor
Coldwell Banker Burnet
rlphyle@cbburnet.com
Cell 612-801-4657
Direct 952-997-1955
Fax 952-432-8372
7741 147th St W.
Apple Valley, MN 55124
www.facebook.com/robphylerealestate
Visit my website to find Minnesota homes for sale
Tuesday, October 11, 2011
Attention Edina First Time Home Buyers
Minnesota first time home buyers are generally surprised when I take them out
looking for homes and show them the affordable Edina homes for sale. The fact is
that the housing affordability index in Minnesota has not been this low in
years. While many renters have only heard the negative news about real estate
values, others have seen a completely different side. The combination of reduced
property values and low interest rates make your house payments quite often
lower than your rent payments. So if you would like to meet with me and talk
about becoming a Minnesota
first time home buyer, I would truly love to talk with you.
There are plenty of excellent resources in the great state of Minnesota for first time home buyers. Did you know that Minnesota offers financing programs designed exclusively for first time home buyers through the Minnesota Housing Finance Agency? Commonly known as MHFA, this state agency provides home mortgage financing through Minnesota mortage brokers at reduced interest rates along with possible down payment assistance programs. More lenient credit parameters in this program are also helpful to many buyers wishing to buy their first home. Minnesota Housing Finance Agency works with traditional mortgages such as FHA mortgages, VA loans, and conventional mortgage financing.
Today's housing affordability index is so low it makes it a great time to buy Edina homes for sale. If you are tired of rising rent payments, take this opportunity to learn more about the benefits of buying your first home. I've worked with many MN first time buyers before and am always eager to answer all of your questions. Simply give me a call or send me an email and we will see what might be possible!
Robert Phyle,CSP,GRI,RSA
Broker Associate, Realtor
Coldwell Banker Burnet
rlphyle@cbburnet.com
Cell 612-801-4657
Direct 952-997-1955
Fax 952-432-8372
7741 147th St W.
Apple Valley, MN 55124
www.facebook.com/robphylerealestate
Visit my website to find Minnesota homes for sale
City of Edina
Conveniently located in Hennepin County, Edina is a beautiful first-ring suburb of Minneapolis. As a fully established community, the population has remained stable at around 47,000 over the past 40 years. While large employers such as Jerry's Foods and Fairview Southdale hospital are here, many residents enjoy an easy 20 minute commute to downtown Minneapolis. While often considered one of the most affluent communities of the Twin Cities, MN first time home buyers may be interested in one of the Edina's downpayment assistance programs which offers up to $60,000 to qualified buyers. If you are interested in buying or selling a home in Edina please give me a call.There are plenty of excellent resources in the great state of Minnesota for first time home buyers. Did you know that Minnesota offers financing programs designed exclusively for first time home buyers through the Minnesota Housing Finance Agency? Commonly known as MHFA, this state agency provides home mortgage financing through Minnesota mortage brokers at reduced interest rates along with possible down payment assistance programs. More lenient credit parameters in this program are also helpful to many buyers wishing to buy their first home. Minnesota Housing Finance Agency works with traditional mortgages such as FHA mortgages, VA loans, and conventional mortgage financing.
Down Payment Assistance
In addition to State of MN down payment assistance funds many local communities offer programs of their own as well. Each of these programs vary in terms of qualifications required to access the funds. Depending upon when you are reading this these programs may or may not be funded so we can check on it when you call me.The First Step: Get Preapproved!
For many MN first time home buyers the big question is where do I start? Your first step to home ownership is to get preapproved for a first time buyer's mortgage. By doing so you find out how much of a loan you are qualified for so that we can research homes in a comfortable price range.Today's housing affordability index is so low it makes it a great time to buy Edina homes for sale. If you are tired of rising rent payments, take this opportunity to learn more about the benefits of buying your first home. I've worked with many MN first time buyers before and am always eager to answer all of your questions. Simply give me a call or send me an email and we will see what might be possible!
Robert Phyle,CSP,GRI,RSA
Broker Associate, Realtor
Coldwell Banker Burnet
rlphyle@cbburnet.com
Cell 612-801-4657
Direct 952-997-1955
Fax 952-432-8372
7741 147th St W.
Apple Valley, MN 55124
www.facebook.com/robphylerealestate
Visit my website to find Minnesota homes for sale
Monday, October 10, 2011
Prior Lake Homes And FHA Loans
One of the most common methods of financing Prior Lake real estate is through FHA (the Federal Housing Administration). This
federal program originated back in the 1930’s to help with a similar situation
we have today when home foreclosures were rising and home buyers struggled to
come up with a large down payment. FHA loans have many advantageous guidelines
for both the MN first time home buyer as well as the homeowner who is selling
one home to buy another.
While the years of the zero down payment loans have gone away for most of us, Prior Lake FHA mortgages offer the smallest down payments available in Minnesota. This along with the fact that most negotiated purchase agreements today involve “seller paid closing costs” allows for a much more achievable entry cost. This can also an advatage for current home owners who want to sell their home but have little or no equity and need to buy their next one with a small down payment.
Prior Lake buyers will also find that FHA loans offer more expansive credit guidelines than other types of home financing. Prior Lake home buyers who have some credit challenges may more frequently qualify for a loan with FHA. Unlike conventional loans which have big pricing adjusters based on the home buyers credit scores, interest rates and discount points on FHA loans vary only slightly based on credit scores.
Prior Lake FHA loans also allow a borrower to qualify through the use of a non-occupant co-signer Unlike almost every other mortgage program, this means that if you do not quite qualify for the house in Prior Lake that you want to buy you can have a family member co-sign on the loan to strengthen your application. This feature of the FHA loan has been used more and more as many borrowers have struggled through reduced incomes and job losses in recent years.
Prior Lake first time buyers also may benefit through reduced interest rates and programs for down payment assistance through Minnesota Housing. This state agency makes use of FHA's special features which allow for second mortgages on the home to be used for reducing the buyer's entry costs. While maximum income limits will apply for this loan through MHFA, many MN first time home buyers are making use of these programs today.
One of the most important factors in searching for a home is to get preapproved for mortgage financing. Some buyers leave this detail it to the very last minute partly because it is the least fun of the whole process. But it’s very important, especially for the MN first time home buyer to get preapproved for a hoome loan before searching for a home. Please call me and I will help you get started with a Minnesota mortgage lender.
Known as the sister city of Shakopee, Prior Lake is located about 20 miles southwest of downtown Minneapolis. With plenty of affordable housing for MN first time home buyers and move up buyers alike, the city has doubled in size over the past 20 years. The combination of Upper and Lower Prior Lakes make up the largest lake in the lower Twin Cities area. With 54 city parks and a well established Park and Rec, it seems like there is always something to do in Prior Lake. If you are looking to buy or sell a home here, please give me a call.
If you want to learn more about buying a Prior Lake home using FHA financing, please email me or give me a call. With low prices and historically low interest rates on FHA loans it is a great time to be a home buyer in Minnesota!
Robert Phyle,CSP,GRI,RSA
Broker Associate, Realtor
Coldwell Banker Burnet
rlphyle@cbburnet.com
Cell 612-801-4657
Direct 952-997-1955
Fax 952-432-8372
7741 147th St W.
Apple Valley, MN 55124
www.facebook.com/robphylerealestate
Visit my website to find Minnesota homes for sale
Prior Lake FHA Loans: Not Just for First Time Home Buyers
While the years of the zero down payment loans have gone away for most of us, Prior Lake FHA mortgages offer the smallest down payments available in Minnesota. This along with the fact that most negotiated purchase agreements today involve “seller paid closing costs” allows for a much more achievable entry cost. This can also an advatage for current home owners who want to sell their home but have little or no equity and need to buy their next one with a small down payment.
FHA and Credit Scores
Prior Lake buyers will also find that FHA loans offer more expansive credit guidelines than other types of home financing. Prior Lake home buyers who have some credit challenges may more frequently qualify for a loan with FHA. Unlike conventional loans which have big pricing adjusters based on the home buyers credit scores, interest rates and discount points on FHA loans vary only slightly based on credit scores.
Prior Lake FHA loans also allow a borrower to qualify through the use of a non-occupant co-signer Unlike almost every other mortgage program, this means that if you do not quite qualify for the house in Prior Lake that you want to buy you can have a family member co-sign on the loan to strengthen your application. This feature of the FHA loan has been used more and more as many borrowers have struggled through reduced incomes and job losses in recent years.
Prior Lake first time buyers also may benefit through reduced interest rates and programs for down payment assistance through Minnesota Housing. This state agency makes use of FHA's special features which allow for second mortgages on the home to be used for reducing the buyer's entry costs. While maximum income limits will apply for this loan through MHFA, many MN first time home buyers are making use of these programs today.
First Step: Get Preapproved For Mortgage Financing
One of the most important factors in searching for a home is to get preapproved for mortgage financing. Some buyers leave this detail it to the very last minute partly because it is the least fun of the whole process. But it’s very important, especially for the MN first time home buyer to get preapproved for a hoome loan before searching for a home. Please call me and I will help you get started with a Minnesota mortgage lender.
Prior Lake Community Info
Known as the sister city of Shakopee, Prior Lake is located about 20 miles southwest of downtown Minneapolis. With plenty of affordable housing for MN first time home buyers and move up buyers alike, the city has doubled in size over the past 20 years. The combination of Upper and Lower Prior Lakes make up the largest lake in the lower Twin Cities area. With 54 city parks and a well established Park and Rec, it seems like there is always something to do in Prior Lake. If you are looking to buy or sell a home here, please give me a call.
If you want to learn more about buying a Prior Lake home using FHA financing, please email me or give me a call. With low prices and historically low interest rates on FHA loans it is a great time to be a home buyer in Minnesota!
Robert Phyle,CSP,GRI,RSA
Broker Associate, Realtor
Coldwell Banker Burnet
rlphyle@cbburnet.com
Cell 612-801-4657
Direct 952-997-1955
Fax 952-432-8372
7741 147th St W.
Apple Valley, MN 55124
www.facebook.com/robphylerealestate
Visit my website to find Minnesota homes for sale
Friday, October 7, 2011
Down Payment Assistance: Help for Dakota County First Time Buyers
How much do I need for a down payment for first time home buyers in Dakota
County? The great news for first time home buyers is that there are MN down
payment assistance programs available that can help qualified home buyers.
One of the most common down payment assistance program is now available in Dakota County as well as all other communites Minnesota. The Minnesota Housing Finance Agency offers a great program called HAF which can be used for either $3,000 or $4,500 worth of assistance. This HAF down payment assistance is a second mortgage on your home but has no interest and no monthly payments necessary. One benefit to HAF is that it can be used along with other local community down payment assistance programs if they are available.
Robert Phyle,CSP,GRI,RSA
Broker Associate, Realtor
Coldwell Banker Burnet
rlphyle@cbburnet.com
Cell 612-801-4657
Direct 952-997-1955
Fax 952-432-8372
7741 147th St W.
Apple Valley, MN 55124
www.facebook.com/robphylerealestate
Visit my website to find Minnesota homes for sale
Down Payment Assistance Programs for Dakota County
Most programs for down payment assistance today are created to aide the first time home buyer. Each has its own set of guidelines to qualify. Programs might include parameters for income, remaining assets, income-to-debt ratios and credit score. You will want to check with a mortgage professional who specializes in MN down payment assistance to determine your eligibility.Dakota Count First Time Home Buyers Assistance
If you are a MN first time home buyer and searching for homes, you might want to consider buying a home in Dakota County. This county has one of the best MN down payment assistance programs available today, which brings the entry cost needed down to less than what you would need for a rental deposit! One of the benefits of searching for homes in Dakota County is that the Dakota County First Time Home Buyer Program is available to you.One of the most common down payment assistance program is now available in Dakota County as well as all other communites Minnesota. The Minnesota Housing Finance Agency offers a great program called HAF which can be used for either $3,000 or $4,500 worth of assistance. This HAF down payment assistance is a second mortgage on your home but has no interest and no monthly payments necessary. One benefit to HAF is that it can be used along with other local community down payment assistance programs if they are available.
Dakota County Home Stretch Workshops
Most down payment assistance programs in Minnesota have a requirement that must get a certification through a class for first time buyers. This class is an all-day session and is offered through several community agencies Times and dates for the classes vary by location but are available evenings and weekends. If you are using a local community down payment assistance program be sure to find a class that satisfies both the state and local community program guidelines. The nice thing is that you can register for your Home Stretch Workshop on their website.Dakota County Home Buyer Programs
These down payment assistance programs in Dakota County can be used with many types of mortgage financing. They would normally be used with MN FHA loans to help with the minimum down payment. On the other had, if you already have a significant down payment but need some help getting to 20% down to eliminate the need for mortgage insurance, these programs can be helpful as well. Most programs for down payment assistance will work with other programs like VA and USDA loans in Minnesota.Dakota County Information
Dakota County, situated in the southeastern portion of the larger Twin Cities area, is the 3rd largest county in Minnesota. Some of the largest cities of the county include Burnsville, Apple Valley, and Eagan. The county seat of Dakota County is in Hastings,MN. As one of the fastest growing areas in the Twin Cities real estate market, the population has more than doubled since the 1980 census. MN first time home buyers benefit from affordable home prices in the area as well as the down payment assistance from the Dakota County First Time Buyers Program.First Step: Get Preapproved
The first part in the process of buying a house is to get prequalified for financing. This simply means that you talk with a local lender who analyzes your credit, income, assets, and debts. In doing so they can tell you what types of MN first time buyer programs you might be qualified for. This important first step can be done right over the phone and most lenders will arrange to talk with you when you're off work, even in the evenings or weekends.Robert Phyle,CSP,GRI,RSA
Broker Associate, Realtor
Coldwell Banker Burnet
rlphyle@cbburnet.com
Cell 612-801-4657
Direct 952-997-1955
Fax 952-432-8372
7741 147th St W.
Apple Valley, MN 55124
www.facebook.com/robphylerealestate
Visit my website to find Minnesota homes for sale
Thursday, October 6, 2011
Eden Prairie Rental homes: Time to Buy or Rent?
Eden Prairie Rental homes: Should I Rent One Or Buy?
If you are looking for Eden Prairie rental homes, pause for a couple of minutes and consider the difference in renting homes versus buying one. Since it is more expensive today to rent homes than to buy one isn’t it at least worth it to consider saving some money by buying a home?Eden Prairie Rental homes: Is It Worth The Cost?
Eden Prairie rental homes will typically have the advantage that you can get be released of a lease arrangement in about one year's time. This advantage comes at a cost, however, , in that your rental payments will often exceed those of a house payment. Additionally the rental deposit may well be in excess of the entry cost required for buying a home after considering all of the down payment assistance programs available. Finally, perhaps the real cost in renting a homes is the fact that you are helping someone else buy their home with your rental payments helping make THEIR house payments.
The advantages may certainly be worth it, despite the high cost of renting, to rent if you have plans on moving again at the end of your lease. I tend to think that if you buy a home today you should plan on staying in it for a few years while the market develops.
Benefits To Buying Eden Prairie homes for the First Time Buyer
With all of the great benefits available to the MN first time home buyer today, it is hard to know where to start in terms of benefits. The State of Minnesota now offers special loan programs through its Minnesota Housing Finance Agency to offer reduced interest rates as well as down payment assistance. Additionally many communities today offer additional down payment assistance loans or grants that both reduce what you need for cash to close as well as reducing your monthly payment.
Get Pre-qualified
The first part in the process of buying a house s to get preapproved for your home loan. This means that you meet with a local mortgage lender who analyzes your credit, income, assets, and debts. In doing so they can tell you what types of Minnesota first time buyer programs you might be qualified for. This first step can usually be done right over the telephone and most lenders will arrange to talk with you when you're off work, even in the evenings or weekends.
Eden Prairie City Info
Located just 12 miles southwest of downtown Minneapolis, Eden Prairie , MN is a popular bedroom community to the Twin Cities. Growing now to over 60,000 residents, the city has more than tripled in size over the last 30 years. Business such as Digital River, Super Value and CH Robinson have their headquarters here. Eden Prairie has consistently been listed in Money Magazines "Best Places to Live" in America over the past 5 years With low mortgage rates and plenty of affordable housing, this is a popular place for MN first time homebuyers and move up buyers alike. If you are looking to buy or sell a home in Eden Prairie please contact me.
Eden Prairie Rental homes: A summary
If you have not yet thought of buying a homes I would like the opportunity to discuss with you about the benefits of both renting versus buying. I offer a totally free consultation, with no obligation and am eager to help.
Robert Phyle,CSP,GRI,RSA
Broker Associate, Realtor
Coldwell Banker Burnet
rlphyle@cbburnet.com
Cell 612-801-4657
Direct 952-997-1955
Fax 952-432-8372
7741 147th St W.
Apple Valley, MN 55124
www.facebook.com/robphylerealestate
Visit my website to find Minnesota homes for sale
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