Selling a home in Woodbury today can be a challenge, especially with all the competition from nearby foreclosures and short sales. 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. About half of the sales in today's Minnesota real estate market has come from non-bank home sellers. Are you looking for help to sell your home in Woodbury?

Perhaps it has never been more important to use a Woodbury real estate agent who studies recent trends in Twin Cities market values. When we come out and visit your property to complete a Competitive Market Analysis (CMA), we will compare all of the features of your home to the competing homes for sale in your neighborhood. We will need to look at all of the homes for sold within the past few months to determine what the actual sales prices have been. By doing this we will be able to estimate what price a buyer might pay for your home within a reasonable period of market time.

One of the challenges for many sellers today is in 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 rising rents in the market home sellers are quite often finding that they can cover all of the expenses for the home through their renter's income.

Lenders have specific guidelines to follow for those Woodbury home 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.

Will I qualify for a new mortgage?

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 generally 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.

Woodbury MN Info

If you are looking for Woodbury real estate agent you'll find this to be one of the more prosperous communities in the Twin Cities metropolitan area. The community has risen in stature over the last 20 years and was ranked 13th in Money magazine's best places to live in the United States. With a combination of excellent schools and stable economy, Woodbury, MN is a great place to consider raising your family. The system of parks, trails, and open spaces in Woodbury has been noted by its residents as one of the most important reasons they choose to live here. If your family is into sports be sure to check out the Bielenberg Sports Center with its indoor ice rinks and complex of baseball and soccer fields. Woodbury offers an excellent parks and recreation department with activities for young and old.

Let's Talk!

If you think you want to learn more about selling your Woodbury 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 call me.

Casey Anderson
Sales Executive, Licensed Realtor in Minnesota
IBR Realty
caseyanderson@ibrrealty.com
Cell 651-245-1820
Woodbury, MN 55125
With a focus on Woodbury real estate and surrounding communities.