Selling a Falcon Heights Home

If you are selling a home in Falcon Heights 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. Roughly half of the sales in today's MN real estatemarket has come from traditional home sellers. Are you in the search for help to sell your home in Falcon Heights?

It's never been more important to work with a Falcon Heights real estate agent who understands recent trends in 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 determine what the actual sales prices have been. In so doing we can estimate what type of 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 current mortgage on their home. 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 the quickly rising rents in today's market, sellers are quite often finding that they can cover all of the resulting expenses for the house through their renter's income.

Lenders have specific guidelines for those Falcon Heights 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.

Once we meet to discuss your home's current market value it is critical 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 renting or selling your current house. 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 through MN FHA loans, Conventional, VA, or other types of mortgage financing.

Living in Falcon Heights

The lovely City of Falcon Heights is conveniently located just a little north of the city ofSt. Paul in Ramsey County. Known as the home of the Minnesota State Fair, the city of Falcon Heights is also considered the best educated city in Minnesota with over 70% of its residents with bachelor's degrees. Minnesota first time home buyers may benefit from Ramsey County's First Home down payment assistance program, ideal for the MN first time home buyer. With easy access to downtown St. Paul Falcon Heights has access to a wide variety of cultural activities. If you are thinking of buying or selling Falcon Heights real estate agent please give me a call!

Do You Want To Get Started?

If you think you want to learn more about selling your Falcon Heights home call or email 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.