If you are selling a home in Arden Hills today you will find it can be quite a challenge, especially considering that nearly half of the competitive listings are short sales or foreclosures. Home values have been coming down in part because of the lower asking prices offered through banks who need to bring down their real estate owned inventory. About half of the sales in today's Minnesota real estate market has resulted from "traditional" home sellers. Are you searching for help to sell your home listing in Arden Hills?

It has never been more important to enlist the help of a Arden Hills real estate agent who studies recent trends in Twin Cities market values. When we visit your home to complete a market analysis, we will compare your home to all of the recent sales in your neighborhood. We will need to look at all of the homes for sold within the past few 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.

One of the challenges for many sellers today is in 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, 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 investment expenses for the home through the income from the rental.

Lenders have specific guidelines to follow for those Arden Hills home sellers who will rent out their home 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 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 mortgage lender can help you decide whether you should rent out or sell your current house. The process of preapproval is free, and if you decide not to proceed, there is no obligation to borrow money. A good lender will be able to examine all of the options available to you such as MN FHA loans, Conventional, VA, or other types of mortgage loans.

Arden Hills Community Information

Located in Ramsey County, the City of Anoka is only a 15-20 minute commute for those who work in either Minneapolis or St. Paul. Home to employers such as Land O' Lakes, Northwestern College, and the Catholic Aid Association there are good opportunities for employment in Arden Hills. With a stable population just over 9,000 Arden Hills offers a small town flavor with access to the Twin Cities. For qualifying Minnesota first time home buyers the Ramsey County First Home program to help with funds need for a down payment. If you are considering buying or selling Arden Hills real estate agent please don't hesitate to send me an email or give me a call.

The Call Is Free

If you want to learn more about selling your Arden Hills home call or email me. I will create a competitive market analysis for free. We will discuss all of the options based on today's real estate market. Feel free to send me an email or give me a quick call.

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.