Selling Your Dakota County Home Today

Selling a home today in Dakota County 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 low sales prices offered by banks who need to unload their inventory of their real estate owned. Roughly half of the closed sales in the curret market has come from non-bank home sellers. Are you looking for help to sell your home in Dakota County?

Benefits of Using A Realtor To Sell Your Dakota County Home

It has never been more important to enlist the help of a Dakota County real estate agent who understands the recent trends in Dakota County market values. When we come out and visit your property to complete a Competitive Market Analysis (CMA), we will compare your home to all of the recent sales 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.

The big challenge for many home 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, attempting a short sale, or listing the current home 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 investment expenses for the home through the income from the rental.

Lenders have guidelines for the Dakota County 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 your home's current market value it is critical that you go through the process of getting preapproved for a mortgage loan. Your mortgage lender can help you decide which of the options are best whether renting or selling your current house. The process of mortgage 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 MN FHA loans, VA, conventional, or other types of loans.

Dakota County Information

Dakota County, situated in the southeastern portion of the larger Twin Cities area, is the third largest county in MN. Some of the largest cities of the county include Burnsville, Apple Valley, and Eagan. The county seat for Dakota County is situated in Hastings,MN. As one of the fastest growing areas in the Twin Cities, 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 Dakota County First Time Buyers Program.

Are You Ready To Talk?

If you think you want to learn more about selling your Dakota County home call or email me. I will create 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