How To Sell Your Eagan Home

Selling a home today in Eagan can be a big challenge, especially considering that nearly half of the competitive listings are short sales or foreclosures. Market values have been reduced in part because of the lower asking prices offered through banks who need to bring down their real estate owned inventory. Roughly half of the sales in today's MN real estate market has resulted from "traditional" home sellers. Are you in the search for help to sell your Eagan home?

It has never been more important to enlist the help of a Eagan real estate agent who studies recent trends in Twin Cities market values. When we come out and visit your property to complete a Competitive Market Analysis (CMA), 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 houses that have sold within recent months to determine 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 within a reasonable period of market time.

The challenge for many sellers today is trying to get enough for their house to pay off the their current mortgage. 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, 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 rapidly rising rents in today's market home sellers are often finding that they can cover all of the expenses for the home through their renter's income.

Lenders have specific guidelines to follow for those Eagan home 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 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 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 lender will be able to examine all of the options available to you such as MN FHA loans, VA, conventional, or other types of loans.

Eagan MN Information

If you are planning a move to the southern metro you should really check out Eagan real estate agentCITY. Due to its convenient access to the Twin Cities metro, the City of Eagan has grown rapidly over the years. As recently as the 1960's, Eagan had only about 3,000 residents, but as of the 2010 census now has over 64,000. This means, of course, that most of the housing stock is in newer neighborhoods. Because Eagan, MN is located in Dakota County, qualifying first time buyers might want to check out the Dakota County First Time Home Buyers program. For a taste of what's happening in Eagan, go to their Community Events page.

The Call Is Free

If you would like to learn more about selling your Eagan home call or email me. I will work with you to complete a competitive market analysis at no obligation to you. We will discuss all of your available options available in the market today. Feel free 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/robphylerealestate
Visit my website to find Minnesota homes for sale