Selling a home today in St. Paul can be a big challenge, especially considering that nearly half of the competitive listings are short sales or foreclosures. Real estate values have been declining in part because of the low listing prices offered by banks who need to reduce their real estate owned inventory. Roughly half of the closed sales in the curret MN real estate market has come from non-bank home sellers. Are you in the search for help to sell your home listing in St. Paul?

Using a St. Paul Real Estate Agent

It has never been more important to enlist the help of a Saint Paul 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 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 home listing within a reasonable period of time on the market.

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, going through the process of a short sale, or listing the current house for rent and in order to move to another one. 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 St. Paul 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.

Get preapproved right away

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 MN mortgage lender can help you discover which of the options are best whether renting or selling your current house. 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 through MN FHA loans, Conventional, VA, or other types of mortgage financing.

City of St. Paul Information

As both the capitol of Minnesota and the county seat of Ramsey County living in the city of Saint Paul is filled with things to do. Popular attractions such as the Xcel Energy Center, the Science Museum of Minnesota, and Ordway Center for the Performing Arts make St. Paul a popular destination for both its residents as well as those living in surrounding suburbs. Employment opportunities abound in St. Paul with major employers such as Ecolab, Lawson Software, Gander Mountain, and nearby 3M. St. Paul housing can be especially affordable for first time home buyers through the Ramsey County's First Home program. Residents enjoy popular regional events such as the Minnesota State Fair and the St. Paul Winter Carnival. If you thinking of buying or selling a home in St. Paul please send me and email or give me a call as I'd love to help you accomplish your goal.

The Call Is Free

If you want to learn more about selling your St. Paul home call me. I will arrange a time to come out and complete a competitive market analysis for free. We will discuss all of your available options available in the market today. Feel free to 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.