Shakopee Real Estate: How To Sell Your Home

Selling a home in Shakopee today can be a challenge, especially with the tough competition from nearby short sales and foreclosures. Market values have been reduced 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 sales in today's MN real estate market has come from non-bank home sellers. Are you searching for help to sell your home listing in Shakopee?

Benefits of Using A Realtor To Sell Your Shakopee Home

Perhaps it has never been more important to use a Shakopee real estate agent who understands recent trends in market values. When we visit your home as a Realtor to complete a market analysis, we will compare your home to all of the recent sales in your neighborhood. We need to look at all of the houses that have sold within recent months to analyze 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, attempting a short sale on their home, or listing it for rent and in order to move to another home. 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 Shakopee 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.

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 getting preapproved 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, Conventional, VA, or other types of mortgage loans.

Located just southwest of Minneapolis, Shakopee is a rapidly growing suburb of the Twin Cities. As the county seat of Scott County the city of Shakopee has more than tripled in size over the last twenty years. Shakopee is also home to popular entertainment destinations such as the Canterbury Park horse race track, the Valley Fair amusement Park as well as the Renaissance Festival. As an outer ring suburb many Shakopee residents commute to downtown Minneapolis for employment. Minnesota first time home buyers in this area in this area will want to look into the Scott County home buyers club for up to $4,000 in down payment assistance.

The Call Is Free

If you want to learn more about the process of selling your Shakopee home call me. I will create a market analysis of your home for free. We will discuss all of the 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