Savage Real Estate: How To Sell Your Home

Selling a home today in Savage can be a big challenge, especially with all the competition from nearby foreclosures and short sales. Home values have been coming down 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 come from non-bank home sellers. Are you searching for help to sell your Savage home?

Using a Savage Real Estate Agent

Perhaps it has never been more important to use a Savage real estate agent who understands the recent trends in Savage market values. When we visit your home to complete a market analysis, 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 determine what the actual sales prices have been. By doing so we can estimate what price a home buyer might pay for your home within a reasonable period of market time.

The big challenge for many home sellers today is trying to get enough for their house to pay off the current mortgage on their home. If a home seller owes more on the mortgages for their home than what we can sell it for we will either need to discuss 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 quickly rising rents in today's market, sellers are quite often finding that they can cover all of the investment expenses for the home through the income from the rental.

Lenders have guidelines for the Savage sellers who have made the decision to rent out their house 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 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 preapproval is is usually free and contains no loan obligation. A good mortgage banker will be able to analyze all of the options available to you such as through MN FHA loans, Conventional, VA, or other types of mortgage financing.

Savage, MN Community Information

Developing into a bedroom community to the Twin Cities, Savage, MN has almost tripled in population over the past twenty years. Filled with affordable homes for sale, Savage, MN has become a favorite spot to look for real estate deals for the MN first time home buyer. Conveniently located just west of Burnsville, living in Savage means you will have a 20-30 minute commute to some of the largest employers in Minneapolis. As a city with a well developed Park program, it seems like there is never a lack for something to do for residents of Savage. If you're planning on buying or selling MN real estate, please call me and I'm glad to help!

Do You Want To Get Started?

If you want to learn more about the process of selling your Savage home call me. I will work with you to complete a competitive market analysis for free. We will discuss all of your available options available in the market today. Feel free to send me an email or give me a quick call.




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