Buyer Information
Low Appraisal? Three ways to Save the Sale of your Home…
The dreaded “Low Appraisal” is being heard in Real Estate offices all around the South of the River Suburbs. Those two small words have a powerful, negative impact on the sale of your home. Recently, I represented a client in a transaction with a low appraisal. I’m happy to report we solved this crisis and are scheduled to close on their new home soon. The learning experience is one I’l like to share. When an [...]
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4 Things to look for in your Association Resale Disclosure Documents…
In Minnesota we have a Statute allowing a 10 day right to cancel a purchase agreement for any property in an Association. When you are buying a townhome in Lakeville, Eagan, Burnsville, Apple Valley, Rosemount or any other Minnesota City, you will have a document in your purchase agreement stipulating a 10 Day Right of Rescission after reviewing the Association Documents and Resale Disclosure. It’s an important escape clause for buyers, the documents should be carefully [...]
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4 Reasons Townhome Association Dues are High or Low…
Why is there such a significant difference in Townhome Associationi Fees between Complexes? Searching for townhomes in Lakeville and Farmington yesterday for a client, I sorted possible homes based on the Association Fees. Some complexes have high monthly association dues and some are much lower. It’s an important detail to watch when buying a Lakeville or Farmington Townhome because the monthly association fee is counted by Mortgage Companies when calculating the house payment you can afford. The [...]
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How to Buy a New Construction Home in Lakeville…
Homes are springing up all over Lakeville Minnesota! New Construction areas are humming with activity and there is a smile on the face of every tradesman I encounter! If you are searching for a new home in 2013 in Lakeville, Apple Valley, Farmington or Rosemount and finding the inventory level of homes for sale very low, it might be time to try New Construction. Lot prices hit rock bottom in the winter of 2011 and by early [...]
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How much money do I really need to buy a house?
Down payments, Earnest Money, Upfront Appraisal Fees, Homeowners Insurance, and the dreaded Closing Costs are all expenses faced by buyers when purchasing a home. How much money do you really need to buy a house? The days of Zero Downpayment Loans have been gone for a few years. There are still some programs left which offer down payment assistance but most programs still require a contribution from the buyer. Mortgage officers provide great knowledge of the [...]
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7669 172nd Street, Lakeville
Don’t miss this Quality Built Walk-out Rambler at 7669 172nd Street in Lakeville! “During the summer time, we loved walking 3 blocks to the park with the children and to this day one of their fondest memories is walking through the tunnel to the park! Plus our neighborhood is filled with wonderful, friendly and helpful neighbors, that is something I will miss too.” The location is fantastic, offering quick and easy access to commute routes, desirable schools [...]
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New Construction Warranty in Minnesota, what does 1-2-10 mean?
New Construction Warranty in Minnesota is called a 1-2-10 Warranty. Minnesota State Statutes require this warranty as a minimum level of protection for consumers. Builders of a new home must provide a 1 year warranty on the entire home, 2 years warranty on systems and 10 years for the ‘major structural’. The actual language from the Minnesota State Statutes on New Home Warranty outlines the three phases like this: (a) during the one-year period from and after [...]
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Social Media to Market my House?
Social Media is sweeping the world of marketing and business, including marketing homes for sale! If your home is currently for sale in Burnsville, Eagan or Savage, you may be wondering, “Should my Home have a Social Media Marketing Campaign?” Last weekend, I was explaining my opinion to a new client whose home we are listing in Lakeville next week. I outlined it this way, there are two groups of potential buyers out there, ‘Declared Buyers’ [...]
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4 Repairs Buyers Commonly request after Inspection…
Private Home Inspections are routinely requested in today’s Real Estate Transaction. Over the past 10 years the duration, scope and details of these inspections has increased substantially. The most common question in a Home Seller’s mind is, “What might the Buyers ask for after their inspection?” They may request anything, but there are a few common items. If you Prepare your home for the Inspection, it may prevent issues before they arise! It’s important to note [...]
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Building a New Home in Lakeville, What you Need to Know…
As a Real Estate Agent for Lakeville, I can tell you with certainty that Building a New Home has become very popular in our area! It’s amazing how quickly the New Construction neighborhoods have sprung to life in the past 6-9 months! There are neighborhoods which seemed to have gone from empty lots, to bustling homesites overnight. I wanted to bring you some specific information about New Construction in our South of the River Suburbs, [...]
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