homes: Mortgage Tips for Buying a Home in Lake Elmo, MN
- 06/24/11 08:59 AM
Should you be in the market for a home in Lake Elmo, Minnesota, you might be facing a chicken or egg conundrum: do you find the house you want first, or first get approved for a mortgage? Increasingly the answer is the latter. “It used to be, if you wanted a house, you went out, found a house and then spoke to a mortgage broker or went to a bank to get a loan and it was fairly easy,” says Ross Weinstein of Exclusive Capital. “Today, you really need to get on the mortgage game early and find your mortgage first, … (1 comments)
homes: Buyers are Looking for Value in Center City Homes
- 06/10/11 03:04 AM
Regardless of which source you read, the news for those selling homes in Center City, Minnesota is not encouraging. Overall prices are down, foreclosures for sale still compete with standard sales in drawing buyers, and there is no immediate market improvement on the horizon. Savvy sellers must pay attention to the things that buyers in this market care most about. Jake Duffy shares some good insights here regarding what buyers are demanding in today’s market: Compact but CoolThe depressed economy has changed the priorities of many buyers; for energy and maintenance reasons, far more are looking for smaller homes rather than … (0 comments)
homes: Bank Owned Homes in Maple Grove - A Bigger Slice of the Pie
- 05/31/11 03:27 AM
Looking for a home in Maple Grove? Chances are you've looked at numerous bank owned homes. Nationwide, bank owned homes made up 28% of all sales in the first quarter of 2011, which is up 1% from the last quarter of 2010, but down 1% from a year ago. At the same time, the Minnesota Association of Realtors reported this month that total inventory of homes was down 24.4% statewide compared to last year at this time. The hope is that this trend will result in the stabilization of the market, and a rise in home prices overall. Sellers are collectively … (0 comments)
Should you be in the market for a home in Lake Elmo, Minnesota, you might be facing a chicken or egg conundrum: do you find the house you want first, or first get approved for a mortgage? Increasingly the answer is the latter. “It used to be, if you wanted a house, you went out, found a house and then spoke to a mortgage broker or went to a bank to get a loan and it was fairly easy,” says Ross Weinstein of Exclusive Capital. “Today, you really need to get on the mortgage game early and find your mortgage first, … (1 comments)
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