ling a home in Inver Grove Heights 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 lower asking prices offered through banks who need to bring down their real estate owned inventory. Roughly half of the closed sales in the curret MN real estate market has come from traditional home sellers. Are you looking for help to sell your home listing in Inver Grove Heights?

Using a Inver Grove Heights Real Estate Agent

It's never been more important to work with a Inver Grove Heights real estate agent who understands the recent trends in Inver Grove Heights market values. When we visit your home to complete a market analysis, we will compare all of the features and benefits of your property to the competing homes for sale in the area. We need to look at all of the houses that have sold within recent months to see what the actual sales prices have been. By doing so we can estimate what price a home 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 house to pay off the their current mortgage. If a seller owes more on their mortgages than what the can sell it for we will either need to talk about paying the mortgages down, attempting a short sale on their home, or listing it 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 Inver Grove Heights 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.

Getting preapproved for a mortgage

Once we meet to discuss the value of your old home 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 generally free and contains no loan obligation. A good lender will be able to examine all of the options available to you such as through MN FHA loans, Conventional, VA, or other types of mortgage financing.

Community Info: Inver Grove Heights

If you are looking for a home with a short commute to downtown St. Paul, you will want to consider living in Inver Grove Heights. Located in northern Dakota County is just a short commute to downtown St. Paul. The school system in Inver Grove Heights include Simley High School, Inver Grove Heights Middle School, Salem Elementary, Hilltop Elementary, Pine Bend Elementary, not to mention Inver Grove Heights Community College. First time home buyers may find Inver Grove Heights especially affordable if they qualify for the Dakota County First Time Buyers program. Whether or you’re an experienced home buyer or buying for the first time Inver Grove Heights has a lot to offer.

The Call Is Free

If you would like to learn more about the process of selling your Inver Grove Heights home call me. I will arrange a time to come out and complete a competitive market analysis at no obligation to you. We will discuss all of the 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